Updates
Visit: Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI 06/09/2021     | Geological Survey of India (GSI), under the aegis of Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI. Click here to register. 06/09/2021     | NOTICE Regarding Employment Fraud 02/09/2021     | KIND ATTENTION: SHAREHOLDERS (Updation of E-mail Ids & Mobile Numbers) 13/08/2021     | Global Tender Enquiry (GTE) for Engagement of EPCM Consultant for Establishing Facility for Aluminium Alloy Melting, Slab Casting and Flat Rolled Products Production Facility at Nellore, Andhra Pradesh, India. 10/08/2021     | Request for Expression of Interest for Lithium Ore Offtake from reputed Indian Firm(s) / Lithium Processing Technologist / Consortium from prospective mining facilities of KABIL and its international partners for import of ore/product to India 03/08/2021     | Contribute your rendering of the National Anthem of India at: https://rashtragaan.in/ 02/08/2021     | Result of Graduate Engineers Through GATE-2020 29/06/2021     | List of Shortlisted Candidates for Group Discussion / Personal Interview for Selection of Assistant Manager (Finance) – E02 Against Advertisement No 10200101. 10/05/2021     | List of Short-listed Candidates for GET-2020 Interview. 11/01/2021     | Recruitment of Doctors-2020 12/10/2020     | NIT for Engagement of Consultant for preparation of EIA and EMP study to obtain EC to set up High End Aluminium Alloy project by “Utkarsha Aluminium Dhatu Nigam Ltd.” 16/07/2020     | Deposit of one time Registration fees for PRMBS 26/06/2020     | Covid Mailer from Ministry 06/05/2020     | Integrated Govt. Online Training ( iGOT) courses on DIKSHA platform on Covid 19 pandemic 22/04/2020     | Circular: Integrated Govt. Online Training (iGOT) courses on DIKSHA platform on COVID-19 pandemic 22/04/2020     | EOI – for SUPPLY, INSTALLATION, OPERATION AND MAINTENANCE OF GPS & GPRS BASED INTEGRATED RAKE TRACKING SYSTEM IN CAPTIVE POWER PLANT, ANGUL, ODISHA 11/04/2020     | Advertisement of PESB for the post of Director(Commercial) 18/03/2020     | The corrigendum against the Advt. no 10200101 13/03/2020     | Joint Venture agreement for Khanij Bidesh India Ltd. (KABIL) signed in presence of Hon’ble Minister of Mines Shri Pralhad Joshi by NALCO, HCL and MECL under Ministry of Mines, GoI. 01/08/2019     |
press clipping banner

NALCO Posts 106% Increase in Net Profit at Rs.1322 crore

calender01/06/2015

Bhubaneswar, 01/06/2015: National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Government of India, has declared its financial results for 2014-15 fiscal. According to the audited financial results for the year, taken on record by the Board of Directors in a meeting held in New Delhi on 30th May, NALCO has posted a Net Profit of Rs.1322 crore during the year, up by 106%, compared to Rs. 642 crores achieved during the previous fiscal. The export turnover of the company for the fiscal was Rs.3307 crore. The Board has also recommended final dividend at a rate of 10% (Rs.0.50 per equity share of Rs. 5 each) amounting to Rs.128.86 crore. Earlier, NALCO had declared an interim dividend of 25%, i.e. Rs.1.25 per share of Rs.5 each, amounting to Rs.322.16 crore for the financial year 2014-15, on the paid-up equity share capital of Rs.1288.62 crore.

During the year, the company has achieved highest ever gross turnover of Rs. 7771 crore against Rs. 7024 crore achieved last year and previous best of Rs. 7247 crore achieved in FY12-13.

In terms of production, the Aluminium Smelter of the company achieved cast metal production of 3.27 lakh MT against 3.16 lakh MT achieved last year and achieved Alumina Hydrate Production of 18.51 lakh MT against 19.25 lakh MT last year. The Captive Power Plant of the company achieved net power generation of 5,131 million unit against 4,989 million unit achieved in last fiscal. Besides, NALCO generated 175 MU of wind energy during the year by operation of a 50.4 MW wind power plant at Gandikota, Andhra Pradesh and another 47.6 MW plant at Jaisalmer, Rajasthan. During the year, the company commissioned 260 KWp Rooftop Solar Power System at Corporate Office and Township, Bhubaneswar. 167 kilo Unit solar energy has been generated during the year.

Regarding the capacity expansion, investment decision has been taken to set up a 1 million tonne alumina refinery at Damanjodi, Koraput at a proposed investment of Rs.5540 crore based on Pottangi mine deposit. With a view to boost the ancillary and downstream industries, NALCO has also committed to supply 50,000 MT of aluminium metal to ‘Angul Aluminium Park’ which has been formed as a JV between NALCO and Industrial Development Corporation of Odisha. The company is in an advance stage of setting up of 100 MW Wind Power Plant at a suitable location with an estimated investment of Rs.660 crore.