Dikhyaa Mohanty 
NALCO (State-owned National Aluminum Co Ltd) reported an amalgamated profit of Rupees 239.71 crore for the quarter ended 31st December 2020.
According to the official report, NALCO announced a combined profit worth 239.71 crores but the company also posted a consolidated loss of Rs 33.90 crore in the corresponding quarter of the previous financial year.
As per the NALCO official release that the net profit has increased by 123 percent over the previous quarter of the current fiscal which was approximately Rupees 107 crore.
The official release further informed that during October-December 2020, the regulatory filling the consolidated income increased to Rupees 2,419.95 crore as compared with Rupees 2,136.57 crore in the year-ago period. Even after the peak period of the Coronavirus pandemic, NALCO showed significant overall growth and resilience to script a turnaround.
Sridhar Patra, Nalco Chairman, and Managing Director said that under the challenging circumstances the employees and workers delivered when it matters the most. The company achieved strong growth in the third quarter of the current fiscal under the production front. And the export also registered very impressive growth.
He further stated that NALCO has shown overall growth and resilience to script a turnaround after the peak period of the COVID19 outbreak. 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, 5th Stream Alumina Refinery & Caustic Soda JV projects, etc., which will substantially bolster the bottom line of the Company.
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