Tag: chemicals business
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NALCO reports 76% profit surge in Q1FY’25 driven by lower costs, higher aluminium prices
India’s National Aluminium Company (NALCO) reported a remarkable 76% increase in profit for the first quarter, driven by reduced costs and higher aluminium prices. The state-owned enterprise posted a consolidated profit of INR 5.88 billion (approximately $70 million) for the three months ending 30 June. During this period, global base metal prices, including aluminium, surged…