On Wednesday, state-owned Nalco said that because of increased operating income, its consolidated profit increased more than fivefold to Rs 1,045.97 crore for the quarter that ended in September 2024.
During the previous year, National Aluminium Company Ltd. (Nalco) reported a consolidated profit of Rs 187.35 crore, according to a stock exchange filing.
The latest July-September period’s consolidated revenue from operations increased to Rs 4,001.48 crore from Rs 3,043.83 crore during the same time last year, according to the filing.
An interim dividend of Rs 4 per share has been approved by the board of the firm for the current fiscal year.
Nalco is a ‘Navratna’ company. Presently, 51.28 per cent of Nalco’s equity capital is owned by the federal government. The business has been running its own captive Panchpatmali Bauxite Mines for the pit head alumina refinery in Damanjodi, in the Koraput District of Odisha, as well as an aluminium smelter and captive power plant in Angul.
