OREANDA-NEWS. August 24, 2011. National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India and country’s leading producer and exporter of alumina and aluminium, has reported impressive results in the 1st quarter ended June 30. The net profit has jumped by 32% to Rs.377 crore from Rs.284 crore achieved in the corresponding period of previous year.           According to the results taken on record at a meeting of the Board of Directors in New Delhi today, the company has reported a sales turnover of Rs.1851 crore, an increase of 33% compared to Rs.1388 crore achieved in the corresponding quarter of the previous year. According to Shri B.L. Bagra, CMD, NALCO, the impressive results are attributable “to enhanced volumes and better sales realization.” Particularly, considerably higher volume of 1.83 lakh tonnes of alumina exported during the quarter, as compared to 0.99 lakh tonnes in the 1st quarter of previous year, was the main contributor towards rise in sales and profit, Shri Bagra adds.

On production front too, NALCO has put up an impressive performance, says Shri Bagra. While bauxite production during this quarter increased to 11.21 lakh tonnes against 10.67 lakh tonnes in the corresponding quarter of last year, alumina production has gone up to 4 lakh tonnes against 3.88 lakh tonnes during the comparable quarter. Similarly, during the quarter, power generation increased to 1679 million units from 1659 million units. However, aluminium production is slightly less at 1.11 lakh tonnes as against 1.12 lakh tonnes achieved in the 1st quarter of previous fiscal.

As regards metal sales, NALCO sold almost same volume of 1.10 lakh tonnes of aluminium in the 1st quarter as in the corresponding period of previous year.