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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (5288)	7/27/1999 9:22:00 AM
From: Mohan Marette	of 12475

National Aluminium Company Q1 net up 22%,sales up 52% Date: 7/27/99 11:11:36 AM Nalco Q1 net profit up 22% to Rs 737.1 mn nalcoindia.com National Aluminium Company Ltd (Nalco) has registered healthy growth of 52% yoy in sales at Rs 4.28 bn and 22% yoy increase in net profits at Rs 737 mn during Q1 FY 2000, on the back of higher production. The improvement in the Q1 is mainly on the back of higher production as the company's smelter problems faced during H1 FY 99 have been resolved. The company has increased prices of aluminium from July onwards and alumina prices have also risen by US$45-50/ ton. The benefit of the price increases will be available during the remaining period of the current fiscal. We expect a further improvement in performance from Q2 onwards.

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