Nalco aluminium production rises 20.46% in Q1

State-run National Aluminium Company (Nalco) and India`s leading producer and exporter of alumina and aluminium, has registered a 20.46% increase in aluminium production in the first quarter ended June 30, 2009, reports Economic Times. During the quarter, alumina production increased to 400,800 tons from 392,900 tons in corresponding quarter last year. Power generation also increased by 14.35% to 1,607 mega watt (MW) from 1,400 mega watt (MW). On the sales front, Nalco (Q, N,C,F)* achieved total sale of 93.104 MT of aluminium in the said quarter, which was 84.103 MT, in the corresponding period of previous year. It is learnt that despite prevailing sluggish market conditions, Nalco has been able to increase its export of aluminium to 27,995 tons from 12,623 tons in the corresponding quarter. However, sources said that the turnover and profit of the company reduced considerably due to low prices. Shares of the company gained Rs 15.75, or 4.86%, to trade at Rs 340.00. The total volume of shares traded was 277,800 at the BSE (1.00 p.m., Tuesday). source:www.myiris.com