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National Aluminium Company Ltd (Nalco) has reported a nine-fold rise in consolidated profit at Rs 935.74 crore for the quarter ended March 31, 2021, helped by a strong operational performance and favourable prices. The company had posted a consolidated profit of Rs 100.51 crore in the year-ago period.
Consolidated income increased to Rs 2,874.47 crore from Rs 2,042.27 crore a year ago.
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“After the peak period of Covid-19 outbreak and with the opening of the markets, we witnessed a significant recovery in the second half of 2020-21,” Nalco chairman and managing director Sridhar Patra said.
“With further easing of restrictions, we are hopeful of a robust growth in the long run with our focus on increasing the production in mining and refining segments and opening up of the new coal blocks, he said.