National Aluminium Company Ltd (Nalco) has reported a nine-fold rise in consolidated profit at Rs 935.74 crore for the quarter ended March 31, 2021, helped by a strong operational performance and favourable prices. The company had posted a consolidated profit of Rs 100.51 crore in the year-ago period.
Consolidated income increased to Rs 2,874.47 crore from Rs 2,042.27 crore a year ago.
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“After the peak period of Covid-19 outbreak and with the opening of the markets, we witnessed a significant recovery in the second half of 2020-21,” Nalco chairman and managing director Sridhar Patra said.
“With further easing of restrictions, we are hopeful of a robust growth in the long run with our focus on increasing the production in mining and refining segments and opening up of the new coal blocks, he said.
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NALCO extends supports to COVID facilities in Odisha
State-run National Aluminium Company Limited (NALCO) is now supporting the 70-bedded COVID centre at Saheed Laxman Naik Medical College at Koraput to make it fully operational. Similarly, the company is supporting a 66-bedded COVID healthcare facility at ESI Hospital, Banarpal, Angul.
The company will be bearing the cost of the total operation and maintenance of Angul facility. Angul and Koraput districts are where the companyâs operating units are located and it is supporting the communities in those regions. Furthermore, NALCO is supporting the supply of oxygen by providing diesel generator (DG) sets to the Odisha government. So that there is an uninterrupted power supply in oxygen units.