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Nalco sees FY11 profit up 23%

India's state-run National Aluminium Co (NALCO) said it sees profit for the fiscal year ending March rising 23% to Rs 1005 crore (USD 223 million), with sales rising to Rs 5777 crore.

March 08, 2011 / 11:16 PM IST
 
 
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India's state-run National Aluminium Co (NALCO) said it sees profit for the fiscal year ending March rising 23% to Rs 1005 crore (USD 223 million), with sales rising to Rs 5777 crore.


The country's third-largest producer of aluminium had reported net profit of Rs 8140 crore, on revenue of Rs 51.8 billion, for the fiscal year 2009/10.


NALCO's net profit in 2011/12 starting April will go up to Rs 1098 crore rupees, on net sales of 64.95 billion, the company said in an investor presentation.

Last month, the company said its production target will fall about 100,000 tonnes short of 1.68 million tonnes of alumina in the fiscal year to March, due to delays in refinery expansion.

first published: Mar 8, 2011 06:19 pm

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