Tuesday, 10 Aug 2010
National Aluminium Company Limited has achieved the highest ever metal production of 0.431 million tonnes in the financial year 2009 to 2010 against the previous best of 0.361 million tonnes achieved in 2008 to 2009 with an increase of 14.4%.

Similarly, the company achieved a record production of 1.592 million tonnes of alumina hydrate with capacity utilization of 101.05% against the previous year level of 1.577 million tonnes. Power generation has also increased to 6295 MU from 5541 MU achieved in the year 2008 to 2009.

It may be mentioned that despite global recession, when many companies around the world were resorting to production cuts, NALCO not only kept its operation at optimal level, but also surged ahead with 2nd phase expansion in order to leverage its advantage of low cost production and anticipated increase in demand for metal in domestic market.

The production performance is considered to be impressive in spite of the severe coal shortage faced not only by NALCO, but also by the industries across the country.

According to the audited financial results for the year 2009 to 2010 taken on record in the Board of Directors Meeting held in New Delhi, the Company has posted a net profit of INR 814.22 crore against the previous year’s figure of INR 1272.27 crore and sales turnover of INR 5310.47 crore against INR 5531.06 crore achieved during the previous year. Although production volume has increased, the lower profit is mainly due to decrease in sales realization because of lower LME prices and higher fuel costs.