Bhubaneswar : 28.07.04: Nalco has achieved an excellent result for the 1st quarter ended June 2004. According to the unaudited financial results for the first 3-month period of the financial year 2004-05, taken on record in the Board of Directors meeting held in Bhubaneswar, on July 28, the Company achieved a net profit of Rs. 219.03 crore. It is a quantum jump of 85% from Rs. 118.33 crore reported in the corresponding period of 2003-04. Similarly, the sales turnover increased to Rs.891.35 crore from Rs.664.88 crore in the same period of previous year, registering a jump of 34%.
Nalco also achieved substantial growth in production of alumina and aluminium during the first quarter of the current fiscal. Alumina production increased to 374,100 tonnes from 369,100 tonnes, while aluminium production rose to 73,454 tonnes from 72,847 tonnes in the corresponding period of previous year.. During the quarter under review, the Company also successfully commissioned its 8th Unit of Captive Power Plant, taking the plant capacity to 920 MW. |
