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NALCO Breaks Several Past Records with Robust Performance in Physical and Financial Parameters

  • FY 2021-22: NALCO Breaks Several Past Records with Robust Performance in Physical and Financial Parameters
  • Highest-ever sales turnover of Rs 14,181crore and Highest ever Profit After Tax of Rs. 2,952 crore
  • Achieves Highest-ever bauxite production of 75,11,075 MT and Highest-ever Aluminium cast metal production of 4,60,000 tonnes

Bhubaneswar, 23/09/2022: In the 41st Annual General Meeting held on 22nd, September, the shareholders of Navratna CPSE National Aluminium Company Limited (NALCO), have approved the Annual Accounts for 2021-22 with a sales turnover of Rs 14,181crore, and highest ever Profit after Tax of Rs. 2,952 crore. Final dividend of 30% i.e. Rs.1.50 per equity share, recommended by the Board, was also approved. The interim dividend declared and paid and the final dividend approved today, totaling 130% of paid-up equity share capital is the highest ever since inception.

In FY 2021-22, NALCO reported the highest-ever Aluminium cast metal production of 4,60,000 tonnes by operationalizing all its 960 pots at its Smelter Plant, resulting in 100% capacity utilisation for the first time since inception. Similarly, the Mines & Refinery Complex at Damanjodi has reported the Highest-ever bauxite production, registering a benchmark volume of 75,11,075 MT.

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Addressing the shareholders through the virtual platform on this occasion, Shri Sridhar Patra, CMD, NALCO, said that FY 2021-22 was a historic year in the journey of business excellence of NALCO. Apart from higher benchmarks in physical and financial performances, the company has achieved unprecedented milestones, breaking several past records since its inception of the Company.

“The spectacular results are a testimony to the extraordinary attitude demonstrated by NALCO collective in the face of pandemic-induced adversity. Despite inflation in various input costs, coal crisis, and uncertainty in LME prices,  the Company has been able to maintain the status of being the lowest cost producer of Bauxite and Alumina in the World”, he said.

Highlighting the ongoing future plans of the company, Shri Patra said that the company is hopeful for the operationalization of Utkal-D Coal Block in FY 2022-23 which will help ease out the coal crisis, which the company is facing at present and provide energy security to the high-power intensive Smelter plant. Shri Patra also informed regarding the commissioning of and operationalizing of the Caustic Soda plant under Joint Venture mode with M/s. Gujarat Alkalies and Chemicals Ltd. “The first consignment of Caustic Soda has been received at Alumina Refinery and the operationalisation of Caustic Soda plant will further strengthen the much-needed raw material securitization of a prime raw material for our Refinery, said Shri Patra.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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