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06 AUGUST 2021 AL CIRCLE

NALCO reports 77.26% hike in income for June quarter

EDITED BY : HEENA IQBAL 1MINS READ

National Aluminium Company Limited (NALCO) published results for the quarter ended June 2021. The company’s net profit increased by 981.97% to INR 347.48 crore in the June quarter. Net profit was INR 16.69 crore during the quarter ended June 2020.

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The company reported income of INR 2506.29 crore in the quarter ended June 2021. That was up by 77.26% from INR 1413.92 crore during the quarter ended June 2020, Nalco said in a regulatory filing.

 NALCO is a Navratna CPSE under Ministry of Mines. The company had posted an impressive net turnover and net profit of INR 8,869.29 crore and INR 1,299.56 crore respectively in FY20-21.

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NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. 


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EDITED BY : HEENA IQBAL 1MINS READ

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