Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
With a net profit of ₹488 crore for the quarter that ended in December 2023, National Aluminium Company Limited (NALCO), a Navratna PSU under the ministry of mines, recorded an enormous 137% spike in net profit over the previous quarter's ₹206 crore. In the financial results reviewed and recorded by the Board in Bhubaneswar, NALCO's net profit for the nine-month period ended December 2023 stood at ₹1,044 crore, compared to ₹1,023 crore during the same period last year.
The company's total income for the third quarter of FY24 was noted at ₹3,398 crore, marking a slight increase from ₹3,358 crore in Q3 of FY23. Highlighting its operational achievements, NALCO reported the highest ever cumulative metal production of 345,086 metric tonnes and a record cumulative metal sale of 349,419 metric tonnes for the first nine months of the current fiscal year.
Further, the company has declared a second interim dividend of ₹2 per share for the financial year 2023-24, underscoring its robust financial health and commitment to rewarding its shareholders amidst a period of significant growth.
Also Read : SAIL-Bhilai to build Chhattisgarh's first 15-MW floating solar project HAL reveals a dividend as Q3 net profit grows 8.6% to ₹1,253.5 cr
Jindal Steel has announced a major expansion of its structural steel manufacturing capabilities at i...
Large Corporate 29-Dec-2025
Maharashtra Deputy Chief Minister Devendra Fadnavis announced that Gadchiroli district will be devel...
Construction 16-Oct-2025
Stainless Steel Production Rises 5% Globally in Q2 Global stainless steel production rose by 5% in...
China 30-Aug-2025
India is likely to sign today a multi-billion dollar deal to extend import of 7.5 million tonne of L...
Oil & Gas 06-Feb-2024
In December, tin plate imports to the US increased by 14%, according to a report from steelorbis.com...
USA 07-Feb-2024
German stakeholders are set to agree a deal on a much-anticipated roadmap for building of several ne...
Europe 23-Jan-2024