NALCO ACHIEVES 24160 MT ALUMINIUM PRODUCTION DURING NOVEMBER

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National Aluminium Company Ltd., a public sector unit of the Ministry of Mines achieved production of 24,160 MT Aluminium Cast Metal during November 2003. This exceeds the monthly target of producing 23,150 MT Aluminium Cast Metal. Domestic metal sale at 13,907 MT and total metal sale at 23,903 MT during the month of November 2003 also exceed the monthly target.

Other statistics showing physical and financial performance of the Company during November 2003 are given below: -

Sl No	PRODUCT	UNIT	ANNUAL TARGET	NOVEMBER		CUMULATIVE
				TARGET	ACTUAL	TARGET	ACTUAL
A.	PRODUCTION
1.	Bauxite	MT	4,710,000	440,000	458.327	2,865,000	2,995,425
2.	Calcined Alumina	MT	1,570,000	140,000	142,200*	1,042,000	990,500*
3.	Aluminium Cast Metal	MT	290,000	23,150	24,160	188,300	198,026
B.	SALES
1.	Alumina/Hydrate Sale	MT	990,000	98,000	100,216	651,000	584,998
2.	Aluminium Export	MT	145,000	11,800	9,996	91,900	87,377
3.	Domestic Metal Sale	MT	145,000	11,450	13,907	96,700	106,948
4.	Total Metal Sale	MT	290,000	23,250	23,903**	188,600	194,325**
C.	FINANCE
1.	Gross Sales Turnover	Rs.Cr.	2969.85	252.34		1942.93
2.	Export Earning (total)	Rs.Cr.	1638.76	145.50		1053.17
3.	Gross margin	Rs.Cr.	1181.62	98.60		760.62
4.	Depreciation etc.	Rs.Cr.	489.56	40.80		326.36
5.	Financing Cost	Rs.Cr.	142.01	11.83		94.66
6.	Gross Profit	Rs.Cr.	692.06	57.80		434.26
7.	Net Profit before tax	Rs.Cr.	550.05	45.97		339.60
5.	Net profit after tax	Rs.Cr.	362.60	30.31		222.86

* Excludes hydrate transfer of 751 MT and 173 MT of Hydrate converted in SGA during the month and cumulatively 5791 MT and 695 MT respectively.

** Excludes cumulative transfer of 2128 MT of strip coil upto the month.