Nalco posts over three-fold jump in Q3 profit at Rs 831 crore

National Aluminium Company Ltd (Nalco) on Monday said its December quarter consolidated profit surged over three times to Rs 830.67 crore. The company had posted a profit of Rs 239.71 crore for the year-ago period, Nalco said in a filing to BSE.

Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said. The company paid final dividend of Rs 1 per equity share amounting to Rs 183.66 crore for 2020-21. With this, the total amount of dividend payout for 2020-21 is Rs 3.50 per equity share — interim dividend of Rs 2.50 per share and final dividend of Rs 1 per share amounting to Rs 644.27 crore.

National Aluminium Company Limited (NALCO) is a Schedule ‘A’ Navratna CPSE headquartered in Bhubaneswar, Odisha.  It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country.  At present, Government of India holds 51.28% of paid up equity capital.

The Company has been operating its captive Panchpatmali Bauxite Mines for the pit head Alumina refinery at Damanjodi, in the District of Koraput in Odisha and Aluminium Smelter & Captive Power Plant at Angul. 

As a part of green initiative, NALCO has installed 198 MW Wind Power Plants at various locations in India and 800 kWp roof top Solar Power Plants at its premises to join hands for carbon neutrality. From the days of first commercial operation since 1987 the Company has continuously earned profits for last 34 years. Despite the Global COVID-19 pandemic NALCO has posted an impressive net turnover and net profit of Rs.8,869.29 crore and Rs.1,299.56 crore respectively in FY20-21. The Company has a 68.25 lakh tonnes per annum (TPA) Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha.

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