Continuing its soaring performance, the National Aluminium Company Limited (Nalco) has registered a 29%-growth in net profit in 2018-19, which stood at Rs 1,732 crore over the previous year’s Rs 1,342.19 crore.
The company recorded net sales turnover of Rs 11,386 crore registering a growth of 21% over the last year. Export earning stood at Rs 4,792.71 crore, which is a growth of 18% over last year.
With 100%-capacity utilisation, the 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. The company’s alumina refinery has produced highest-ever 21.53 lakh MT of alumina hydrate and set a new record. The Steam and Power Plant (SPP) of Alumina Refinery achieved the highest-ever net power generation. Further, the smelter achieved highest cast metal production of 4.40 lakh MT in last eight years. The smelter has produced highest-ever wire rod, billet, green anode, rodded anode, T-Ingot since inception. Wind power generation of 363 MU is also highest ever since inception. In short, year 2018-19 has been a year of new records in production since inception.
In matters of profitability, the Nalco is way ahead of its private sector peers by registering EBIDTA margin of 28%t. Industry analysts attribute the Nalco’s splendid performance to the implementation of its New Business Model since 2016.
