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    HomeNewsBusinessCompaniesExpect net profit to grow by 45% in FY18: NALCO

    Expect net profit to grow by 45% in FY18: NALCO

    In an interview to CNBC-TV18, TK Chand, CMD of National Aluminium Company (NALCO) spoke about the continuous spike in the price of alumina.

    October 03, 2017 / 14:01 IST

    In an interview to CNBC-TV18, TK Chand, CMD of National Aluminium Company (NALCO) spoke about the continuous spike in the price of alumina.

    Chand said the last shipment of alumina was at USD 440 per tonne.

    Talking about capacity, he said alumina capacity is at 2.1 million tonne and sales are around 1.1-1.2 million tonne.

    He said that there has been an increase in input cost in Q2.

    He further said that EBITDA per tonne was at USD 80-90 per tonne in Q1 of FY18, he added.

    He expects net profit to grow by 45 percent in this fiscal.

    There is a short supply of bauxite in the international market due to disruptions in Brazil, he mentioned.

    Watch accompanying video for more details.

    first published: Oct 3, 2017 02:01 pm

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