NALCO posts Rs.138 crore profit

NALCO

    National Aluminium Company Limited (NALCO), has posted a Net Profit of Rs.138.23 crore for FY19-20. During the year, the company has achieved net turnover of Rs. 8426 crore, which has been adversely impacted by about Rs.2900 crore due to fall in global metal prices. The export turnover of the company for the fiscal was Rs. 3511 crore.
    However, weathering the sluggishness in the international metal market and falling London Metal Exchange prices, NALCO has continued to remain profitable by successfully handling the market downturn.
    Riding on overall growth in production, improving productivity & sales, the company has been registering profit every fiscal since inception. Nalco CMD Mr. Sridhar Patra, has attributed the success to the teamwork and dedication of the employees.

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