Expect margin at 21% this fiscal from 18% in previous, says NALCO

NALCO has posted a mixed bag this quarter. While the alumina business has done very well, it is the aluminium business which has disappointed.

TK Chand, CMD of the company, said, “This quarter we have planned for 10 shipments. Out of that, 6 shipments have already been done and four shipments will be done in the coming month and till now we have got an average of $535 per tonne because in April we got the average of $616 per tonne, which come down to $533 per tonne in May. We expect that it will be further moderated but it will remain somewhere around $500 per tonne.”