National Aluminum Company (NALCO), the country’s third-largest producer of aluminium, has hiked aluminium prices by Rs 4,500 amounting $80.01 per tonne in the domestic market. The prices of standard aluminium ingots now stand at Rs 134,700 per tonne. NALCO revises prices of its products to reflect global prices. It had last increased domestic prices of aluminium by Rs 3,500 on May 09, 2013.
The company’s net profit for the quarter ended March 31, 2013 declined by 12.78% at Rs 246.03 crore as compared to Rs 282.10 crore for the quarter ended March 31, 2012. Its total income has marginally increased by 2.18% to Rs 1986.24 crore for the quarter from Rs 1943.88 crore for the similar quarter of the previous year.
For the year ended March 31, 2013, the company’s net profit decreased by 31.39% at Rs 582.83 crore as compared to Rs 849.50 crore in the previous fiscal. Its total income has increased by 3.83% to Rs 7427.53 crore for the year from Rs 7153.24 crore for the year ended March 31, 2012.
