NALCO’s Net Profit at Rs.642 crore

28/05/2014

Bhubaneswar: National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Government of India, has declared its financial results for 2013-14 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 today, NALCO has posted a Net Profit of Rs.642 crore during the year compared to to Rs.593 crores achieved during the previous fiscal up, 8%. The export turnover of the Company was all time high at Rs.3719 crore.

The company has reported improved performance in terms of production for the year 2013-14. During the year, the company has achieved highest-ever bauxite production of 62.93 lakh tonnes, against the previous best of 54.19 lakh tonnes achieved in 2012-13. At the same time, NALCO’s Alumina Refinery has produced 19.25 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 18.02 lakh tonnes achieved in 2012-13.

However, during the year, the metal production of the company was curtailed from 4.03 lakh tonnes to 3.16 lakh tonnes, due to planned shutdown of some pots due to lower LME price. The net power generation by company’s Captive Power Plant was 4,989 million units.

The company has achieved highest-ever sale of Alumina / Hydrate of 13.43 lakh tonnes against 9.85 lakh achieved in previous year. Total metal sale was 3.20 lakh tonnes against 4.03 lakh tonnes in 2012-13 fiscal.