Nalco to achieve annual aluminium production target

by Psu Connect
Date: 20-08-24
Ministry of Mines

NALCO reported a substantial 76 percent increase in its first-quarter (APR-JUN FY25) profit, reflecting the impact of higher aluminum prices and reduced costs.

Nalco to achieve annual aluminium production target

The Indian public-sector integrated aluminum company, National Aluminium Company Limited (Nalco), has made significant progress in its production operations for the current fiscal year, achieving 97 percent of its production capacity target as of August 16th.

The company’s GGM (Smelter) and EPO - Executive Director(S&P), S Subrahmanyam NERALLA, confirmed that 940 of the 960 pots at its smelter plant are operational daily, contributing to a total production of 0.17 million tonnes as of August 16, 2024.

Nalco aims to produce 0.46 million tonnes of aluminum this year, matching last year’s output with 960 pots at full capacity dedicated to production.

NALCO reported a substantial 76 percent increase in its first-quarter (APR-JUN FY25) profit, reflecting the impact of higher aluminum prices and reduced costs.

For the quarter ending June 30, the state-owned firm's consolidated profit surged to Rs 588.42 crore (approximately $70 million), up from the previous year's figures. In May 2024, NALCO reported a two-fold increase in its Q4 FY24 net profit, soaring by 101.5 percent year-on-year to Rs 996.7 crore. This compares to a net profit of Rs 495 crore in the same quarter of the previous financial year.