The National Aluminium Company limited (Nalco), on Monday declared its financial results for 2012-13 fiscal.
According to the audited financial results for the year, taken on record by the Board of Directors at a meeting in New Delhi, the Navratna PSU has posted a net sales turnover of Rs 6,809 crore, up 4.75 per cent over Rs 6,500 crore in the previous fiscal. The rise in sales turnover is mostly attributed to higher production and sale of alumina.
However, the net profit of the company was Rs 593 crore during the year as compared to Rs 850 crore in the last fiscal due to reduced aluminium prices in the london Metal Exchange and high input costs.
The company reported improved performance in terms of production and sales for 2012-13. It achieved the highest-ever bauxite production of 54.19 lakh tonnes against the previous best of 50.03 lakh tonnes in 2011-12. Similarly, the Nalco’s refinery produced 18.02 lakh tonnes of alumina hydrate, which is an all-time high against the previous best of 16.87 lakh tonnes achieved in 2011-12.
However, the metal production was reduced marginally from 4.13 lakh tonnes to 4.03 lakh tonnes due to the planned shutdown of pot shells of the smelter. The net power generation by company’s power plant was 6,076 million units.