On Wednesday, National Aluminium Company Ltd. (Nalco) reported a consolidated profit of Rs 107.27 crore for the quarter ended on 30 September, 2020. The company in a BSE filing had posted a loss of Rs 28.25 crore for the same quarter a year-ago.
During the September quarter, Nalco’s income declined to Rs 2,399.05 crore from Rs 2,420.11 crore in the previous year quarter. It has registered 58,574 metric tonne (MT) of aluminium sales as on September 30, against a sale of 16,305 MT in the year-ago period.
Sridhar Patra, CMD, NALCO in a statement said, “The year began with unforeseeable challenges, which has affected the entire world. NALCO collective rose to the challenge and braved all odds to overcome the sluggishness in the market and get the business operations back on track amidst the pandemic.” The company has geared up for taking all the necessary actions to remain competitive among its rivals and to deliver world-class products to customers and contribute towards building an Atmanirbhar Bharat, he added.
India’s leading manufacturer and exporter of alumina and aluminium in the first half of the current fiscal has achieved a 3-fold growth in export of 9,3730 MT aluminium, as compared to 3,0561 MT in the same period previous fiscal.