Nalco eyes aggregate increase of Rs 1,100 crore in net profit over 2-3 years

摘要

The state-run aluminium maker Nalco is eyeing an aggregate increase of Rs 1,100 cr in its net profit over the next 2-3 years, which could be made possible from commissioning of a coal mine, raising of refinery capacity & a couple of other such value-accretive expansions. In 18-19, Nalco had clocked a record Rs 1,732-cr net profit. The commissioning of the Utkal D coal block, awarded to it in 2016, will reduce its coal cost at least Rs 2,300 per tonne. The mine will produce around two million tonne of coal a year, resulting in a Rs 560-cr net profit to the company. Nalco buys coal from Coal India. “As of now, average landed cost of coal for the company comes around Rs 4,000 per tonne. The cost from the Utkal D mine will be around Rs 1,700 per tonne. Hence, the expected savings will be around Rs 560 cr a year,” a source in the company said.