Bhubaneswar, Apr 3: Two leading Public Sector giants-- National Aluminium Company Limited (NALCO) and Bharat Earth Movers Limited (BEML) have signed an agreement to produce aluminium rail wagons rail coaches and metro coaches.
As per the agreement, the two PSUs would jointly develop the products. Nalco would supply the aluminium extrusions after conversion from its billets and ingots through a third party. The aluminium wagons and coaches have several advantages like light weight, higher carrying capacity, environment friendliness, lower life cycle cost etc.
NALCO sources here said the Memorandum of Agreement was signed by NALCO Chairman-cum- Managing Director C R Pradhan and BEML Director(HR) R K Rustagi, recently in Bangalore.
Sources said the first prototype of th wagons would be on the rails in about a year's time.
NALCO sources said, the company, country's largest manufacturer and exporter of alumina and aluminium, achieved 104.12 per cent capacity utilization of its Aluminium Smelter at Angul, with a production of 3,59,213 tons of aluminium cast metal, in 2007-08, compared to 3,58,734 tons in the previous year. Similarly, the Alumina Refinery at Damanjodi reported 100.04 capacity utilization with a production of 15,75,500 tons of Alumina Hydrate, as against 14,75,200 tonnes in the previous year.
During the fiscal, the company's 960 MW Captive Power Plant, near the Smelter Plant generated 5609 million units.
The company also achieved the highest-ever metal sales of 3,58,878 tons during 2007-08, earning the highest-ever export turnover on primary aluminium at 270.46 million USD, against the previous high of 247.05 million USD in 2006-07.
This represented an increase of 3.12 per cent against the MoU target of 3,48,000 tonnes set by the Ministry of Mines, the sources said.