Nalco to bank on new biz model, eyes over Rs 2000 cr net profit by FY 2020

Achievements give motivation and purpose gives objectivity to any organization, the Nalco chairman said

Public sector aluminium producer National Aluminium Company (Nalco) said it is looking at a net profit in upwards of Rs 2000 crore in FY 2020, banking on its new business model.

“With the business model in place, the company doubled its net profit from Rs 669 crore in FY 2016-17 to Rs 1342 crore in FY 2017-18. Now, the company is all set to scale higher on financial front and envisages achieving a net profit of more than Rs 2000 crore by 2020 and Rs 2500 crore in the next three years. Besides, to retain business excellence, the company has consistently