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Nalco's net profit Rs 849 cr in 2011-12

Press Trust of India / Bhubaneswar 22 May 12 | 12:40 PM

State-owned aluminium major Nalco's net profit plunged by 21% to Rs 849.50 crore in 2011-12 from Rs 1,069.30 crore achieved during the previous year, mainly due to rising cost of fuel and input materials.

The 'Navaratna' PSU, however, achieved sales turnover of Rs 6,500.27 crore during the year, up 9% over Rs 5,958.98 crore registered in the previous fiscal, company sources said here today.

The results would have been still better but for the impact of rising fuel cost and increase in price of input materials, they said.

The rise in sales turn-over is mostly attributed to better market realisations, in addition to higher production and sale of alumina.

The company has reported improved performance in terms of production and sales for 2011-12. During the year, the company has achieved the highest-ever bauxite production of 50.03 lakh tonnes, against the previous best of 48.79 lakh tonnes achieved in 2009-10, they said.

Similarly, Nalco's Alumina Refinery has produced 16.87 lakh tonnes of alumina hydrate, which is an all-time high, against the previous best of 15.92 lakh tonnes achieved in 2009-10, sources said.

However, during the year, metal production of Nalco slumped marginally from 4.44 lakh tonnes to 4.13 lakh tonnes. Net power generation by company's Captive Power Plant was 6.200 million units in 2011-12. The reduced power generation has been attributed to coal constraints.

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