The National Aluminium Company Limited (Nalco) has surpassed several milestones in its journey of business excellence during the Financial Year 2021-22.
Showing robust performance across all its business units, the company has posted its best-ever annual production and sales, registering the highest-ever revenue from operations and the highest-ever net profit (PAT) of Rs 14,181crore and Rs 2,952 crore, respectively. The net profit jumped by 227% over the preceding financial year.
In FY 21-22, the company achieved bauxite production of 75.11 lakh tonnes and produced aluminium at its name plate capacity of 4.60 lakh tonnes for the first time since inception, surpassing all previous records.
Nalco CMD Sridhar Patra said the results were driven by strong operational performance coupled with effective raw material procurement and sales strategy, cost saving measures, supported by positive business outlook, favourable LME price and uptick in global aluminium demand.
