Nalco Q4 Net Profit At Rs 3,914 Million

Nalco Q4 Net Profit At Rs 3,914 MillionState-run National Aluminium Company (NALCO) announced that its net profit registered an increase of 4.71 times during the quarter ended March 31, 2010.

During the fourth quarter, the company's profit stood at Rs 3,914.80 million as against 830.20 million in the prior year period.

The total income of the company during the same quarter surged 37.14% to Rs 16917.30 million.

National Aluminium Company (on May 12) announced that it has decided to make an investment of Rs 80 crore to establish a R&D centre in Orissa which will be by 2013.

The company's chairman and managing director A K Srivastava said that Nalco eyes to achieve technological excellence in bauxite and alumina production through the establishment of this centre.

In view of declining global costs of aluminium items, NALCO has slashed the price of its products for the Indian market by Rs 7,000 per tonne.

NALCO is the country's third biggest producer of aluminium. The company, which sells aluminium in India as well as abroad, produced 431,000 tonnes of aluminium in the financial year ended in March.

On Friday, the shares of the company declined 1.27% to end at Rs 405.10 on the Bombay Stock Exchange. The total volume of shares traded stood at 18,778.

The share price has seen a 52-week high of Rs 525.90 and a low of Rs 246 on BSE. (With Inputs from Agencies)