NALCO registers 9 fold increase in Net Profit for FY 2020-21

National Aluminium Company Limited (NALCO), the Navratna CPSE, under the Ministry of Mines, GOI and India’s largest integrated manufacturer and exporter of alumina and aluminium, has reported results for the Financial Year 2020-21. According to the audited financial results, taken on record in the Board of Directors meeting held today at Bhubaneswar, NALCO has posted an impressive
net turnover and net profit of Rs.8869.29 crore and Rs.1299.56 crore respectively in FY20-21 compared to Rs.8425.75 crore and Rs.138.23 crore achieved during the previous year. The net profit of the company for the financial year 2020-21 has jumped by 840% over last financial year. The results were driven by strong operational performance by units, with effective sales strategy, cost saving
measures, supported by favourable LME price. During the year 2020-21, NALCO has achieved the highest ever production of
bauxite at 73.65 lakh tonnes. Similarly, the Company also achieved the highest- ever export of 1.92 lakh tonnes of Aluminium metal in 2020-21, surpassing the decade old record of 1.46 lakh tonnes achieved in 2009-10. Further, the Company also achieved production of 20.85 lakh tonnes of alumina hydrate and 4.18 lakh tonnes of Aluminium metal.