NALCO net profit Rs 1,544 crore

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NALCO net profit Rs 1,544 crore

Friday, 22 September 2023 | PNS | BHUBANESWAR

In the 42nd annual general meeting held here on Thursday, the shareholders of National Aluminium Company Limited (NALCO), have approved the annual accounts for 2022-23 with a sales turnover of Rs14,171 crore, net profit of Rs1,544 crore and an export turnover of Rs 4,217 crore.


The shareholders also approved a final dividend of 20% i.e. ₹ 1 per equity share. It may be mentioned that earlier the company had paid dividend of Rs 918.32 crore during FY 22-23.


In FY 2022-23, NALCO achieved highest-ever bauxite excavation and produced 21.23 lakh tonne alumina hydrate against the normative capacity of 21 lakh tonne  which is 101.1 per cent capacity utlisation.


Similarly, on the sales front, the company has also registered the highest-ever metal sale of 4.64 lakh tonne which also includes the highest-ever domestic metal sale .


NALCO CMD Sridhar Patra appreciated the trust of shareholders and unstinted support of NALCO collective for achieving highest ever production and noteworthy revenue figures.

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