MALCO plans for expansion programmes worth Rs 300 crore

Written by:
Subscribe to Oneindia News

Tiruchirapalli, Mar 14 (UNI) The Madras Aluminium Company Ltd (MALCO), a sister concern of US Dollar 10 billion Vedanta group of companies, is going in for a Rs 300 crore expansion programme, according to company CEO and Director Suresh Rathi.

Talking to newspersons here today, Mr Rathi said under the proposed expansion plan, the present production of alumina would go up to 1.20 lakh tonnes per annum.

One more power plant with a capacity of 1x25 mw will come up before the end of December 2008, under the programme, he added.

All the expansion programmes were expected to be completed within 18 months. While alumina expansion project would be ready for its commercial production during the beginning of next fiscal, the metal capacity expansion from 40,000 tonnes to 65,000 tonnes would be ready within 12 months, he added.

He said the Company had registered a turn over of Rs 435 crore between July 2006 and March 2007 and this year it was expected to touch a minimum annual turnover of Rs 500 crore.

The company had exported 500 tonnes of their main product - aluminium wire rods - to Sri Lanka, Middle East and Canada.

Later, inaugurating a seminar on 'FERRAL', an industrial waste like red mud, Tamil Nadu Pollution Control Board, Joint Chief Environment Engineer, R Kumar said the board was continuously insisting the industries concerned to explore the possibilities of making their waste as one of the raw material to the needy industries.

He said the board recently found that the usage of oil and paint waste as an alternative fuel, at a cement factory near Cuddalore.

He said at the Board's instigation a common facility for disposing industrial wastes was established in and around Gummidipoondi area and the Board was planning to advice the textile and knit units at Karur and Tirupur to have such common facilities there.


Please Wait while comments are loading...