Nalco eyes net profit from aluminium biz by fiscal end, leans on LME prices

Nalco has turned Ebitda positive in aluminium vertical in first two-quarters of this fiscal; last year it had posted Rs two billion loss

National Aluminium Company (Nalco) is clawing towards profitability in aluminium business. Historically, alumina sales have been propelling the company's profits, with 46 per cent share in gross turnover and contributing nearly 80 per cent to its Ebitda (earnings before interest, taxes, depreciation and amortisation).

“We expect to turn profits from aluminium segment by the end of this fiscal if the current market trends continue. Assuming an average LME (London Metal Exchange) of $2,100 per tonne, including premium and no significant cost-push factor, we should be able to make profits. Already, Nalco has turned Ebitda positive in aluminium vertical in the