National Aluminium Company Limited (NALCO), the Navratna CPSE under Ministry of Mines, Government of India, has declared its
financial results for 2019-20 fiscal. According to the audited financial results for the year, taken on record by the Board of Directors in a meeting held today, NALCO has posted a Net Profit of Rs.138.23 crore for FY19-20. During the year, the company has achieved net turnover of Rs. 8426 crore, which has been adversely impacted by about Rs.2900 crore due to fall in global metal prices. The export
turnover of the company for the fiscal was Rs. 3511 crore. However, weathering the sluggishness in the international metal market and
falling London Metal Exchange prices, NALCO has continued to remain profitable by successfully handling the market downturn. Riding on overall growth in production, improving productivity & sales, the company has been registering profit every fiscal since inception. Worth mentioning that during the year, the Navratna CPSE has achieved significant growth in production and sales.
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