Home » Aluminium » NALCO registers net profit of Rs.107crore in 2ndQtr of FY21

NALCO registers net profit of Rs.107crore in 2ndQtr of FY21

Despite the challenging business environment, National Aluminium Company Limited (NALCO) registered a net profit ofRs. 107.45crore in Q2of FY21.During the quarter, the revenue from operations have beenRs. 2375crore, registering 72% growth over Q1 of FY21.In the first quarter of FY21, revenue from operations was Rs 1381 crore.

On half-yearly basis,the Company has registered a net profit of Rs. 124 crore as against Rs.70 crore for the corresponding period of previous year.          On production front, the Company achieved Bauxite production of 17.04 lakh tonnes and Alumina hydrate production of 4.87 lakh tonnes while metal production was 1.06 lakh tonnes during the quarter.

During the quarter, the leading manufacturer and exporter of alumina and aluminium in the country, achieved strong growth in export, registering sales of 58,574metric tonnes(MT) of aluminiumcompared to 16,305 MT in corresponding period last year. The total alumina sales during the 2nd quarter was 285,718MT.

During the H1 FY21, the Company achieved 3-fold jump with export of 93730 MT in Aluminiumcompared to 30561 MT in the corresponding period last year.

Commenting on the performance of the Company, Shri Sridhar Patra, CMD, NALCO said, “The year began with unforeseeable challenges, which has affected the entire world. NALCO collective rose to the challenge and braved all odds to overcome the sluggishness in the market and get the business operations back on track amidst the pandemic. The Company is geared up to take all necessary actions to remain competitive, deliver world-class products to our customers and contribute towards building an Atmanirbhar Bharat.”

 

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Millet Conclave to help boost exports of nutri-cereals

Union Minister for Commerce and Industry Shri Piyush Goyal will be the Chief Guest at ...

Make in Odisha Showcases Odisha’s Best

The Make in Odisha conclave offers a unique opportunity to the investors to test the ...

80% of India’s honey exports is to United States

To harness the export potential of honey in line with Prime Minister Narendra Modi’s vision ...

India’s overall exports (Merchandise and Services) for July 2022 records a positive growth of 11.51 per cent over the same period last year

India’s overall exports (Merchandise and Services combined) in July 2022* are estimated to be USD ...

NALCO BREAKS SEVERAL PAST RECORDS FY 21-22 NET PROFIT ZOOMS 2.27 TIMES TO RS. 2,952 CRORE

 National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, Government of ...

Coal Royalty to Different States During the last Ten Years

The details of royalty given on coal to various States during last 10 years, year ...

Retail Outlets are set up by Public Sector OMCs at identified locations based on field survey and feasibility studies

The Minister of State for Petroleum and Natural Gas, Shri Rameswar Teli in a written ...

NALCO Registers Highest Ever Quarterly Total Turnover and Export Turnover in Q3 of FY22  

National Aluminium Company Limited (NALCO), one of India’s largest integrated manufacturer and exporter of alumina ...

FDI Inflow

During the current financial year 2021-22 (up to November, 2021) Foreign Direct Investment (FDI) inflows ...

• Historic Moment for NALCO – Operationalization of all 960 Pots in Aluminium Smelter

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India, ...

WP2Social Auto Publish Powered By : XYZScripts.com