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The net profit earned by National Aluminium Company Limited (NALCO), a public sector unit of the Ministry of Mines, during the year 2004-05 is Rs.1,234.84 crore. The company earned a net profit of Rs.737.37 crore during 2003-04 and Rs.520.92 crore in 2002-03.
The company has taken a number of steps to further boost its profit. They are : optimum capacity utilisation of different production units, changing the product mix in favour of value added products in line with market requirement, competitive bidding in purchase of raw materials and services, judicious development of manpower, development of surplus cash, savings on interest and financial charges and proper working capital management.
This information was given by the Minister of State for Coal & Mines, Dr. Dasari Narayana Rao, in a written reply in the Lok Sabha today.
DS/SCH
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