The National Aluminium Company limited (Nalco) has posted a net profit of Rs1,322 in the 2014-15 fiscal, an increase of 106 per cent over the preceding year.
According to the audited financial results for the year, the export turnover of the company for the fiscal was Rs3307 crore. The Board of Directors has also recommended final dividend at a rate of 10 per cent (Rs0.50 per equity share of Rs5 each) amounting to Rs128.86 crore. Earlier, the Nalco had declared an interim dividend of 25 pre cent (Rs1.25 per share of Rs5 each), amounting to Rs322.16 crore for the financial year 2014-15, on the paid-up equity share capital of Rs1288.62 crore.
During the year, the company has achieved highest ever gross turnover of Rs7,771 crore in 2014-15 against Rs7024 crore in 2013-14.
In terms of production, the aluminium smelter of the company achieved cast metal production of 3.27 lakh MT against 3.16 lakh MT achieved last year and achieved alumina hydrate production of 18.51 lakh MT against 19.25 lakh MT last year.
The captive power plant of the company achieved a net power generation of 5,131 million unit against 4,989 million unit in the last fiscal.
Regarding the capacity expansion, investment decision has been taken to set up a 1 million tonne alumina refinery at Damanjodi in Koraput district at a proposed investment of Rs5,540 crore based on Pottangi mine deposit.