Nalco posts 240 cr profit for Dec quarter

National Aluminum Co Ltd (Nalco) on Friday reported a consolidated profit of Rs 239.71 crore for the quarter ended December 31, 2020. Its consolidated income during OctoberDecember 2020 increased to Rs 2,414.95 crore, compared with Rs 2,136.57 crore in the year-ago period. Sridhar Patra, CMD, NALCO, said, ‘’NALCO has shown overall growth and resilience to script a turnaround af ter the peak period of COVID19 outbreak. The employees and workers delivered, when it mattered under challenging circumstances. The Company is geared up to meet the increase in demand with the gradual opening up of the market and the economy. The Company is also focused on operationalizing the ongoing projects, viz. Utkal-D Coal block, 5 th Stream Alumina Refinery & Caustic Soda JV projects etc., which will substantially bolster the bottomline of the Company.’’