Bhubaneswar: NALCO Mahila Samiti's president Preeti Roy Chand has distributed mosquito nets to blind students of Bhima Bhoi School in Bhubaneswar recently. This will ensure the health and safety of the children.
National Aluminium Company Limited (NALCO) is a Navratna PSU under the Ministry of Mines. It was established on January 7, 1981, with its registered office at Bhubaneswar. The Company is a group 'A' CPSE, having integrated and diversified operations in mining, metal and power.
The Company registered a record net profit of Rs 1,732 crore in 2018-19, which is the highest in a decade and sales turnover of Rs 11,386 crore in the financial year 2018-19, which is the highest since inception. The export earnings have been recorded at 4,793 crores, also registering an impressive growth of 18 per cent over 2017-18.
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In matters of profitability, NALCO is ahead of its private sector peers by registering an earnings before interest, taxes, depreciation and amortization (EBIDTA) margin of 28 per cent. Presently, the government of India holds 51.5% equity of NALCO.