Nalco posts Rs 1,544-cr net profit

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Nalco posts Rs 1,544-cr net profit

Thursday, 25 May 2023 | PNS | BHUBANESWAR

The National Aluminium Company Limited (Nalco) has reported robust performance across all its business units, with best-ever annual production and sales during the Financial Year 2022-23.

According to the financial results taken on record in the Board of Directors meeting on Wednesday, the company posted a net profit of Rs 1,544 crore and a highest-ever revenue from operations pegged at Rs 14,255 crore for the year. 

Nalco CMD Sridhar Patra said the results were driven further by strengthening operational and sales performance and supported by growth across all business units. The focus is now on an early completion of the 5th stream refinery project and development of the Pottangi Bauxite mines and Utkal D & E coal blocks.

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