NALCO’s Q4 net profit registers 25.23% growth

Overall, during 2016-17, NALCO posted a net profit of Rs 669 crore, compared to Rs 787 crore registered in 2015-16

GN Bureau | May 31, 2017


#profits   #NALCO   #National Aluminium Company Limited   #Navratna PSU  
National Aluminium Company Limited (NALCO), a Navratna PSU has registered a profit in the 2016-17 fiscal.
 
According to the audited financial results for 2016-17, during the fourth quarter (Q4), NALCO saw a growth of 25.23 percent with a net profit of Rs 268 crore as against Rs 214 crore during the corresponding quarter of the previous fiscal.
 
The figure also represents an 86 percent jump over the net profit of Rs 144 crore reported in the preceding quarter. Overall, during 2016-17, the company has posted a net profit of Rs 669 crore, compared to Rs 787 crore achieved during the previous year.
 
The gross turnover of the company during 2016-17 has been Rs 7,933 crore. The PSU reported significant growth in the last fiscal in the areas of production and sales. The company achieved 7.65 percent growth in bauxite production by recording 100 percent capacity utilisation of 6.825 million tonnes in 16-17 FY, the highest since its inception. 
 

Comments

 

Other News

An ode to the cradle of humankind

The Alphabets of Africa: Poems By Abhay K. Vintage Classics, 280 pages, ₹499.00   Abhay K

Ahmedabad district railway network to be expanded

The Cabinet Committee on Economic Affairs, chaired by prime minister Narendra Modi, on Wednesday approved the Ahmedabad (Sarkhej) – Dholera Semi High-Speed Double Line project of Ministry of Railways with total cost of Rs. 20,667 crore (approx.). It will be Indian Railways 1st semi high-speed project

Indian Ocean more contested than ever: Western Naval Command Chief

The Indian Ocean is becoming increasingly contested and strategically significant as the Indo-Pacific emerges as the defining geopolitical theatre of the 21st century, Vice Admiral Krishna Swaminathan, Flag Officer Commanding-in-Chief of the Western Naval Command, has said.   Spe

Why the judiciary needs much more than four more judges

India has a particular form of governance theatre: the bold declaration that appears to be action but is actually a way of avoiding action. The Union Cabinet on May 5 approved a Bill to increase the sanctioned strength of the Supreme Court from 34 to 38. The decision has been touted as a step toward judici

Wisdom stories that don’t preach but encourage reflection

The Foundation Of A Fulfilling Life: Lessons from Indian Scriptures Deepam Chatterjee Aleph Books, 264 pages, Rs 899  

Citizens of the Bay: Why BIMSTEC matters now

The international order is drifting into a dangerous grey zone as the very powers that built today`s multilateral system begin to chip away at it. The United States has increasingly walked away from global rules and forums when they no longer suit its interests, while China has rushed to fill the vacuum on


Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter