By Bizodisha Bureau, Bhubaneswar, June 7, 2018: Consumption of Aluminium in India will see a quantum jump by 2030 and there is an urgent need to enhance its production to meet the demand, according to National Aluminium Company Ltd [NALCO] chairman and managing director, Tapan Kumar Chand.

Addressing customers and vendors in the Western region on Wednesday at Mumbai, the aluminium major CMD said that India will have more than double of the existing Aluminium consumption per person per year by 2030.

The smart cities coming up in the country will be green cities and Aluminium will be in high demand in future. Also, concepts like high speed trains will use large amount of Aluminium, he added.

The Meet with customers and vendors of western region is one among a series of meets planned across the country.

Chand thanked the loyal base of customers and vendors for standing by NALCO through thick and thin and “Loyalty of NALCO’s Customers and suppliers is one of the drivers of our success”, Chand remarked.

NALCO has registered one of its strongest performances in 2017-18, clocking more than 100% growth i.e., Rs 1342.19 crore against Rs 669 crore in previous year.

On Nalco’s roadmap, Chand said, “Nalco shall be adopting the latest technology for its upcoming Smelter Plant which will result in more than two fold increase in productivity. Our new business model and upcoming projects like expansion of alumina refinery at Damanjodi, brownfield expansion of smelter, caustic soda plant at Gujarat etc, will help the Company’s growth momentum.’’

The Nalco CMD pointed out that the Company’s internal accruals are strong enough to withstand fluctuations in the business environment.