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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