National Aluminium Company Limited (NALCO) announced that the company has signed a Memorandum of Understanding (MoU) with Numaligarh Refinery Limited (NRL) for long term supply of CP Coke to ensure raw material security.
The MoU was signed on Thursday 24 September 2020. The company will supply Calcined Petroleum Coke (CPC) for a period of 5 years with an annual estimated sale of 40,000 MT.
NALCO recently announced its June quarter results. The company reported net profit of INR 16.63 crore in Q1FY21, a decline of 82.99% from INR 97.78 crore in Q1FY20.
Revenue stood at INR 1,380.63 crore in Q1FY21. That was down by 33.75% from INR2,084.08 crore last year. EBITDA came in at INR 129.07 crore in Q1FY21. This marked a decrease of 39.79% YoY. The company had recorded EBITDA of INR 214.36 crore last year.
Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020” on October 6-7, 2020. For registration, visit www.alcircleevents.com
Responses
