 The National Aluminium Company Limited (NALCO), Navratna PSU under Ministry of Mines, has declared its financial results for 2012-13 fiscal. According to the audited financial results for the year, taken on record by the Board of Directors in a meeting held here, NALCO has posted a net sales turnover of Rs.6809 crore, up 4.75%, over Rs.6500 crore achieved in the previous fiscal. The rise in sales turnover is mostly attributed to higher production and sale of alumina. However, the net profit of the company was Rs.593 crore during the year as compared to Rs.850 crore in last fiscal, due to reduced Aluminium prices in London Metal Exchange and high input costs.
The company has improved performance in production and sales for the year 2012-13. During the year, the company has achieved highest-ever bauxite production of 54.19 lakh tonnes, against the previous best of 50.03 lakh tonnes achieved in 2011-12. Similarly, NALCO’s Alumina Refinery has produced 18.02 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 16.87 lakh tonnes achieved in 2011-12. However, during the year, the metal production of the company was reduced marginally from 4.13 lakh tonnes to 4.03 lakh tonnes, due to planned shutdown of pot shells of the smelter. The net power generation by company’s Captive Power Plant was 6,076 million units. In terms of sales, during the year, the company sold 9.85 lakh tonnes of alumina hydrate, against 8.43 lakh tonnes in 2011-12. Aluminium export by the company also increased to 1.44 lakh tonnes this year from 0.98 lakh tonnes achieved in the last financial year. |