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India's NALCO targeting 93.50B rupees in revenues for fiscal 2019

National Aluminium Co. Ltd., or NALCO, is targeting revenues of about 93.50 billion Indian rupees in fiscal 2019, up 15% year over year, the company said May 14.

Alumina and aluminum production are pegged at 2.1 million tonnes and 4.2 million tonnes, respectively.

The state-owned aluminum producer, meanwhile, set a CapEx target of 11 billion rupees for the fiscal year, which will be used for a number of projects, including for the fifth stream of its Odisha refinery, the development of the Utkal D & E coal blocks, wind power projects, joint venture projects and on plant equipment upgrades.

As of May 14, US$1 was equivalent to 67.57 Indian rupees.