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

Thackeray orders probe in Nashik Hospital gas leak tragedy

The Maharashtra government has ordered a probe into the tragic incident of oxygen leak at the Zakir Hussain Hospital in Nashik district, in which 24 Covid-19 patients on critical life support have died. Chief Minister, Uddhav Thackeray expressed grief over the tragic incident and announced

"Maharashtra opposition interested in politics, not public welfare”

Refuting any political instability in the state, Jayant Patil, Maharashtra cabinet minister and state president of Nationalist Congress Party (NCP), has said the government is very stable and there are no differences among allies. The senior leader accused the opposition of ‘playing po

In Mumbai, decline seems to have begun

Amid a virulent second wave, as Mumbai scrambles for hospital beds, the civic authorities have said there was no need for panic since 3,685 beds were still available in the city for Covid-19 patients as of Tuesday evening. Also, after a surge there has been a decline with new cases coming down to 7,000-8,0

UP govt hospital goofs up Covid test results

At a time when the country is fighting the virulent second wave of Covid-19 with daily cases upwards of 2,50,000, testing is of critical importance, but government-run labs are not only delaying reports, in one case there was a goof-up and a negative report turned to positive within a day. A

Politicians trade charges as Covid breaks previous records in Maharashtra

A political war erupted between the centre and Maharashtra over supply of essentials including medicines and oxygen as the state struggles to control the raging Covid-19 amidst scarce health infrastructure. Maharashtra has seen a consistent rise in Covid infections and recorded 67,123 new c

Remdesivir procured at high prices to save lives: BMC

Countering the opposition BJP’s allegations of corruption in the procurement of Remdesivir, a critical anti-viral injection often prescribed for Covid-19 patients, the BrihanMumbai municipal corporation (BMC) has clarified that its decision to procure the drug was aimed at saving  lives even if

Masterminds Masterclass with Nikhil Mahadeshwar, Cybersecurity Expert & Co-founder, Skynet Softtech



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter