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NALCO Q3 net profit jumps over two fold
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Saturday, 02 Feb 2013

National Aluminium Company reported more than two fold jump in net profit to INR 118.94 crore for the quarter ended December on the back of improved sales.

NALCO had reported a net profit of INR 51.22 crore for the corresponding period in FY 2012. The total income of the company increased by 16.67% to INR 1,692.82 crore for the quarter ended December 31 as compared to INR 1,450.85 core a year ago.

NALCO is an integrated aluminium maker with its activities encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.

The government holds 87.15% stake in the company. Shares of the company were trading at INR 50.15 apiece up 7.16% from the previous close on Bombay Stock Exchange.

Source - NDTV


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