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NALCO's fiscal Q1'18 production up YOY for all commodities; profit slides

Indian state-owned company National Aluminium Co. Ltd., or NALCO, registered production gains across its portfolio in the first quarter of its fiscal 2018, despite a downturn in both domestic and overseas markets, according to an Aug. 9 release.

NALCO produced 1.9 million tonnes of bauxite, 526,000 tonnes of alumina hydrate and 100,695 tonnes of aluminum during the period, representing year-over-year increases of 10.4%, 0.4% and 6.6%, respectively.

The company also reported alumina sales of 259,000 tonnes and aluminum sales of 88,752 tonnes.

NALCO's net profit for the three-month period slid to 1.29 billion Indian rupees, down from 1.35 billion rupees the year before.

As of Aug. 9, US$1 was equivalent to 63.86 Indian rupees.