NALCO registers a net profit of Rs 409.06 crore

Bhubaneswar, Apr 29 (UNI) The National Aluminium Company Limited (NALCO), India's largest manufacturer and exporter of alumina and aluminium, has achieved a net profit of Rs 409.06 crore, with a sales turnover of Rs 1533.87 crore in the fourth quarter ended March 2008.

According to the unaudited financial results taken on record in the Board of Directors meeting held in New Delhi today, the net profit was Rs 591.48 crore with a turnover of Rs 1722.97 crore during the fourth quarter of previous year.

The net profit and sales turnover for the financial year 2007-08 worked out to be at Rs 1624.89 crore and Rs 5474.08 crore respectively as against the corresponding figures of Rs 2381.38 crores and Rs 6514.51 crores achieved in the previous year.

The sources said despite NALCO achieving cent percent capacity utilisation of its alumina refinery and smelter plant this year,the company has lost more than Rs.600 crores due to appreciation of rupees.

NALCO's alumina production has gone up to 15,75,500 MT from 14,75,200 MT while the aluminium production rose to 3,59,213 MT from 3,58,734 MT during 2007-2008.

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