NALCO's PAT zooms 2.7 times to Rs2,952 crore; logs revenue of Rs14,181 crore

26 May 2022 , 12:53 PM

National Aluminium Company Limited (NALCO) has announced that the company surpassed several milestones in its journey of business excellence during the financial year ended March 31, 2022.

The company has logged revenue of Rs14,181 crore during FY22.

NALCO’s PAT for the financial year ended March 31, 2022, jumped 227% on a year-on-year basis to Rs2,952 crore driven by market dynamics.

The company stated in its press release that it achieved bauxite production of 75.11 lakh tonnes from its Captive Bauxite Mines. While it produced aluminium at its nameplate capacity of 4.60 lakh tonnes for the first time since inception, breaking off all previous records.

The company credits strong operational performance coupled with effective raw material and sales strategy for the company’s robust results.

At around 1.00 PM, NALCO was trading at Rs93.35 down by Rs0.3 or 0.32% from its previous closing of Rs93.65 on the BSE. The scrip touched an intraday high and low of Rs95.85 and Rs90.20 respectively.