By Our Correspondent in Bhubaneswar, February 11, 2015 :

Riding high on lower power and fuel cost, the state run Navaratna public sector metal major, National Aluminium Company Limited (NALCO), has notched up a net profit of Rs 354 crore for the 3^rd quarter ended December 2014, up by 170% year-on-year against Rs.131 crore achieved during the corresponding quarter of the previous fiscal.

The net profit for the nine months ended December 2014 work out to Rs.967 crore, against the corresponding figure of Rs.470 crore for the previous fiscal, i.e. up by 106%. The net sales for the nine months ended December 2014 is Rs.5,483 crore as compared to Rs. 4,868 crore in the corresponding period of the last financial year, accompany spokesperson said here.

On the production front, during the first nine months, NALCO produced 14.24 lakh tons of alumina hydrate, as compared to 14.26 lakh tons achieved during the comparable period of the previous fiscal. Metal production was 2.44 lakh tonnes, against 2.38 lakh ton registered during the comparable nine months of the previous fiscal. Power generation was 3,858 million units [MU] against 3,760 MU achieved in the corresponding period of the previous year.