Demand for aluminium in India will grow 13-15% in next five years

National Aluminium Company Limited (Nalco), the navratna PSU under the ministry of mines, has come up with impressive results for 2010-11. As per the audited financial results for the year, the company has posted a net profit of R1,069 crore, up 31% over the previous year’s figure of R814.22 crore, and turnover of R5,959 crore, up 18% over the R5,054.73 crore achieved in the previous fiscal. During the year, the company has achieved the highest-ever cast metal production of 443,597 tonne and record sales volumes of 438,952 tonne. Beyond the aluminium sector, the company is now foraying into other metals and unconventional sources of energy as part of its diversification plan. BL Bagra, chairman-cum-managing director, Nalco, spoke to FE’s Dilip Bisoi regarding the company’s plans and prospects.