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NALCO expects 20% volume growth in alumina in FY14
Edited by : AL CIRCLE
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National aluminium company expects around 20 percent volume growth in FY14. During the year gone by, the firm's alumina refinery produced 1.802 million tonnes of alumina hydrate, which is an all-time high, against the previous best of 16.87 lakh tonne achieved in preceding year.
According to Ansuman Das, CMD, Nalco, the firm is expecting 20 percent volume growth in alumina segment in current year.
Nalco reported better than expected performance in the fourth quarter while its sales grew by 4.6 percent YoY to USD 329.73 million against street estimate of around USD 296.496 million. Its aluminium segment reported a positive EBIT of USD 10.60 million, compared to an EBIT loss of USD 1.07 million YoY which led to improvement in the performance.
According to Ansuman Das, CMD, Nalco, the firm is expecting 20 percent volume growth in alumina segment in current year.
Nalco reported better than expected performance in the fourth quarter while its sales grew by 4.6 percent YoY to USD 329.73 million against street estimate of around USD 296.496 million. Its aluminium segment reported a positive EBIT of USD 10.60 million, compared to an EBIT loss of USD 1.07 million YoY which led to improvement in the performance.
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