National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 1st quarter ended June 2013.
According to the reviewed financial results for the 1st quarter of the financial year 2013-14, taken on record in the meeting held in New Delhi today, Nalco has registered a net profit of INR160 crore, which is in line with the target set for the quarter. However, there has been some decline in profit as compared to the corresponding period of last fiscal due to lower international price.
On production front, while bauxite production during this quarter increased to 14.63 lakh tonnes against 11.42 lakh tonnes in the corresponding quarter of last year, alumina production has gone up to 4.82 lakh tonnes against 4.76 lakh tonnes during the comparable quarter of previous fiscal. During the quarter, power generation was at 1,327 million units, against 1,614 million units and aluminium production was 0.85 lakh tonnes as against 1.03 lakh tonnes achieved in the 1st quarter of the previous fiscal.
The total alumina sale during the quarter was at 2.83 lakh tonnes as against 2.53 lakh tonnes in the 1st quarter of the previous fiscal. As regards metal sales, NALCO sold 0.85 lakh tonnes in the 1st quarter as against 1.02 lakh tonnes in the corresponding period of previous year.
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