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

PM flags off India’s first semi high-speed train

Indian Railways entered a new era as prime minister Narendra Modi on Friday flagged off the country’s first semi high-speed train, Vande Bharat Express, from the New Delhi railway station. The new train is also seen as a success story of the NDA government’s ‘Make in India’

Estonia eyes on more e-Residents from India to open startups

Riho Kruuv, Ambassador of the Republic of Estonia talks to Vishwas Dass on key issues like the importance of e-Residency programme of the Government of Estonia and why Estonia is becoming a preferred investment destination for Indian startups and budding entrepreneurs. The Ambassador says Estonia offer

Happily working away!

There’s no dearth of self-help books. They come in a multitude of single-topic and hybrid varieties: habit change, management, habit change in management, spirituality, spirituality in management...you get the drift. Happiness at Work: Mindfulness, Analysis, and Well-Being, by R Anand, adds to the li

Budget and Modi’s ‘neo middle class’ strategy for elections

Those who have gained the most from the latest budget are the ones who are going to have the most crucial impact on the Lok Sabha election results. Who are they? They are hiding in plain sight. They have come to work in metros and cities, probably in recent years. They crowd inter-state bus terminals to ta

Gandhi’s essence

For a novice reader, MK Gandhi presents a formidable challenge. The starting point is usually the autobiography, with its well-known anecdotes which most of us

Missing: The woman farmer

Land rights structurally escape women. This is a fundamental issue in understanding why women’s work as farmers is largely invisible. However, the large-scale migration of men towards pursuing other non-farm employment opportunities due to the worsening agrarian crisis has pushed more women into this

Current Issue

Current Issue

Video

CM Nitish’s convoy attacked in Buxar

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter