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

Fighting Covid-19, India has realized its collective strength: PM

In the face of the Covid-19 pandemic, people of India have realized their collective strength, prime minister Narendra Modi said in a short video message Friday morning. He also urged people to light lamps Sunday night as a gesture of this collectivity. “Today marks nine days of the na

COVID-19 demobilisation: Lessons for public governance

Demobilization, like its predecessor – demonetization, is another decision gone bad in implementation.  In both instances a careful public administrative action through its governance systems could have saved the magnitude of impact particularly on the most vulnerable sections of the society. Th

Don’t fear Corona, fight it

In a bid to break the “chain of transmission” of the deadly Covid-19, India, a country with more than 1.3 billion population, observed a voluntary ‘Janata Curfew’ on March 22. This has been followed by a 21-day, nationwide lockdown from March 24. Prime minister Narendra Modi also re

Sci-Tech Empowered Committee set up for COVID-19

To take speedy decisions on research and development for Sars-Cov-2 virus and COVID-19, the government has constituted a Science and Technology Empowered Committee. The committee, set up on March 29 and chaired by Niti Aayog member, professor Vinod Paul and professor K Vijay Raghavan, princi

Covid-19 and real estate: This could be last straw that broke camel’s back

Covid-19 may turn out to be the last straw that broke the camel’s back so far as the real estate sector is concerned. It broke out at a time when pundits were estimating the GDP to be hovering around 2.5% with unprecedent levels of unemployment. This itself was a good indicator that the real estate s

India ramps efforts as COVID-19 cases rise

As COVID -19 cases continue to rise amid a 21-day lockdown, the centre and the states are proactively taking measures to provide aid to the underprivileged and the needy during this unprecedented situation.         By Sunday morning, India had registered 27



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter