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State-owned Nalco on Wednesday said its consolidated profit rose more than five times to Rs 20,000 in the quarter ended September 2024 due to higher income from operations. 1,045.97 crores. National Aluminum Company Limited (NALCO) said in a stock exchange filing that in the year-ago period, the company posted Rs. 187.35 crores was reported as a consolidated profit.
In the recent July-September period, consolidated income from operations rose to Rs. 4,001.48 crores as against Rs. 3,043.83 crore, the filing said.
The board of the company for the current financial year has fixed Rs. An interim dividend of 4 has been approved.
Nalco is a ‘Navaratna’ company. At present, the central government owns 51.28 percent of the equity capital of NALCO. The company is operating its captive Panchapatmali bauxite mines for a pit head alumina refinery at Damanjodi in Koraput district of Odisha and an aluminum smelter at Angul and a captive power plant.
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