Nalco net sales jumps 22 pc to Rs 59.4 bn
State-owned National Aluminium Company Ltd achieves its highest-ever net sales of Rs 59.40 billion, company officials say.business Updated: Jun 26, 2007 20:06 IST
State-owned National Aluminium Company Ltd (Nalco) has achieved its highest-ever net sales of Rs 59.40 billion, an increase of 22 per cent over last year's Rs 48.88 billion, company officials said on Tuesday.
The company's export earnings also went up by 12 per cent to Rs 25.85 billion from Rs 23.06 billion last year.
Nalco is the country's largest integrated manufacturer and exporter of alumina and aluminium.
The aluminium smelter of the company achieved 104 per cent capacity utilisation during the year. The net margins have increased from 32 per cent to 40 per cent this time, the release said.
Similarly, the company's 960 MW captive power plant, located at Angul near the smelter plant, achieved its highest-ever power generation of 5.9 billion units, the previous best being 5.6 billion units in 2005-06.
First listed as a public sector enterprise in 1981, the company is one of Asia's largest integrated aluminium complexes, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.