Continuing its soaring performance, National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India, has once again proved its mettle by registering high in terms of both physical and financial performances.
According to the audited financial results for 2018-19, taken on record by the Board of Directors in a meeting held on Thursday in New Delhi, during the FY 2018-19, NALCO has registered a net profit of Rs 1732 crore, a growth of 29%, i.e. Rs 390 crore over last year’s net profit of Rs 1342.19 crore. In 4th quarter the Company has earned a net profit of Rs 233 crore. During the year, the Net sales turnover for the year is Rs 11,386 crore registering a growth of 21% over last year. Export earning of Rs 4792.71 crore also registering a growth of 18 % over last year.
With 100% capacity utilization, NALCO’s Panchpatmali Mines has achieved Bauxite excavation of 74.14 lakh MT, which is highest ever since inception. Bauxite transportation has gone up to 72.31 lakh MT, which is also highest ever since inception.
