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

Manmohan Singh favours ‘time-tested measures’ for economy

The much hyped ‘double engine’ model of governance on which the BJP is seeking votes has utterly failed, and Mumbai and Maharashtra have had to face some of the worst effects of economic slowdown, former prime minister Manmohan Singh has said. A lot of problems facing Maharashtra

“If the oppn is weak you can’t blame the govt for that”

A three-term Rajya Sabha member, Sanjay Raut is the Shiv Sena spokesperson and its voice in parliament. He is also the executive editor of Marathi newspaper Samana, started by Shiv Sena founder Bal Thackeray. Raut spoke with Geetanjali Minhas on his party’s seat-sharing agreement

Ashish Shelar of BJP says, “We are very confident of victory”

Ashish Shelar, 47, was the president of the Mumbai city unit of the BJP, before he became the minister of school education, sports and youth welfare in the Maharashta government this year. He has represented the Vandre West constituency in the state assembly and seeking re-election. In a chat with

Nobel for economics goes to `global fight against poverty`

The Nobel Prize in economics for 2019 goes to Abhijit Banerjee, Esther Duflo and Michael Kremer "for their experimental approach to alleviating global poverty." The prize, known as “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”, was announc

Modi-Xi script a new chapter in bilateral relations

Prime minister Narendra Modi has accepted president Xi Jinping’s invitation to visit China in 2020 for their third informal summit after Wuhan and Mamallapuram, indicating both sides’ realization of the importance of the mechanism which gives the two leaders of the Asian giants an opportunity t

Dharma as the original Idea of India

Dharma: Hinduism and Religions in India By Chaturvedi Badrinath Edited by Tulsi Badrinath Penguin, 194+ xiii pages, Rs 499 How to live: That is the most fundamental question of human existence.



Archives

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter