Advertisement

HindustanTimes Thu,25 Dec 2014

Nalco's net profit in Q3 at Rs. 119, up by 113% from previous fiscal

Priya Ranjan Sahu, Hindustan Times  Bhubaneswar, January 30, 2013
First Published: 19:27 IST(30/1/2013) | Last Updated: 19:30 IST(30/1/2013)

National Aluminium Company Limited (Nalco), a Navratna public sector unit of Union ministry of mines has registered a net profit of Rs. 119 crore in the third quarter ending December 2012 – up 133% against Rs. 51 crore achieved during the corresponding quarter of the previous fiscal, a company official said on Wednesday.

Advertisement

The net sale also rose to Rs. 1670 crore, against Rs. 1430 crore registered during the corresponding quarter of the previous fiscal. 

“The net profit and net sales for the nine months ended December 2012 work out to Rs. 347 crore and Rs. 4974 crore respectively, against the corresponding figures of Rs. 567 crore and Rs. 4747 crore of the previous fiscal,” Nalco assistant general manager Santosh Mohanti said.

On the production front, during the first nine months, Nalco produced 12.70 lakh tonnes of alumina hydrate, as against 11.77 lakh tonnes achieved during the comparable period of the previous fiscal. However, metal production was slightly less at 3.05 lakh tonnes as planned, against 3.09 lakh tonnes registered during the comparable nine months of the previous fiscal.


Advertisement
more from Business

Ajay Singh-led group to invest $217 mn in SpiceJet

A consortium of investors led by SpiceJet co-founder Ajay Singh is likely to invest $217 million (Rs 1,378 crore) to pick a substantial stake in the embattled airline, sources told HT.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved