NALCO posts net profit of Rs 235 crore in Q2

The operating profit of second quarter has gone up by 102 percent over 2017-18 Q1

GN Bureau | November 13, 2017


#PSU   #NALCO   #profit  

 Ministry of mines’ enterprise, National Aluminium Company Limited (NALCO), has achieved net profit of Rs 235 crore, registering 82 percent growth in the second quarter ended September 2017 of the current fiscal. 

The operating profit of second quarter 2017-18 has raised 102 percent over first quarter of the current fiscal.
 
The net sales in the second quarter was Rs 2,420 crore compared to Rs 1,695 crore in the corresponding quarter of the last financial year.
“The market harvesting in alumina segment and focus on cost reduction have helped us improve our profitability. When the global metal market was in the slump cycle, NALCO maintained its resilience and faced the international downturn with courage by ramping up production,” said NALCO, CMD, Tapan Kumar Chand.
 
The net profit and gross sales turnover for the half year ended September 2017 and it works out to Rs 364 crore and Rs 4,179 crore, respectively.
During the period, bauxite mining was at 37.06 lakh tonnes, while alumina hydrate production was 10.35 lakh tonnes.
 

Comments

 

Other News

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

MDR on UPI: Can sustainability come without weakening the network?

The extraordinary transaction volumes and value (₹29.82 Lakh crore in August 2026 alone) of the Unified Payments Interface (UPI) have made it not only an Indian success story, but a global one. In 2024, UPI accounted for nearly 49% of the world’s real-time payment transaction volume, with more th

The Xi-Trump summit: The unending rivalry

Diplomacy is akin to an art, wherein the summitry, conflict resolution and negotiations form apt constituents of the entire context of deal making and “playing for keeps” in the international arena. The Xi-Trump summit in Washington last week, in which the American president broke all conside

“Indians, yet treated like outsiders”

Moving to Delhi-NCR for education can be an exciting experience for students from Northeast India. It gives us a chance to meet new people, experience a different culture and become more independent. But living away from home also comes with challenges that people who have not experienced them may not al

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter