Bhubaneswar: National Aluminium Company Limited (Nalco) earned a net profit of Rs 302 crore from an operating profit of Rs 589 crore in October-December 2018. The operating profit has jumped by a whopping 80% over the operating profit posted in the corresponding period the previous year. The company’s Apil-December profit has touched Rs 1500 crore as against Rs 1985 crore of last year same period registering an increase of 38%.
The Nalco board of directors meeting, which met at New Delhi on Friday , reviewed the financial results of the company for the Q3 of the current fiscal.
According to the reviewed financial results, the net sales for the first 9 months of the fiscal are Rs.8,644 crore, 32% growth over the same period of last year. Nalco has also achieved record growth in production in all fronts. During the first nine months of the current fiscal, Nalco achieved production of 55.39 lakh tonnes of bauxite, as compared to 54.40 lakh tonnes achieved during the comparable period of the previous fiscal. The company produced 15.92 lakh tonnes of alumina hydrate, against 15.51lakh tonnes achieved in the corresponding period of the previous financial year.
Metal production was 3.29 lakh tonnes, against 3.17 lakh tonnes during the comparable nine months of the previous fiscal. The net power generated during the period was 4,580million units.As a committed and responsible green power producer the company has generated 310 million units of wind power during the first 9 months of this fiscal.