Saturday, 23 February 2019

NALCO plan envisages more than Rs 2,000 cr net profit by 2020



Aluminium major NALCO aims to raise its net profit to more than Rs 2,000 crore by 2020 and Rs 2,500 crore in the next three years using a new business model.

When the global economy was reeling under economic slowdown, with the metal sector being affected the worst, NALCO took a conscious decision of introducing an all-weather business model that focuses on benchmarking and quantification, chairman and managing director, Tapan Kumar Chand said.

"With the business model in place, the company doubled its 
net profit from Rs 669 crore in 2016-17 to Rs 1,342 crore in 2017-18.

 Now the company is all set to scale higher on financial front and envisages achieving a net profit of more than Rs 2,000 crore by 2020 and Rs 2,500 crore in the next three years.

The company has consistently been working on with focus on sustainability through innovation, adoption of new technology, lower production cost and nurturing its human resources 

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