Nalco: Nalco posts file forged metallic manufacturing at 4.63 lakh metric tonne in FY24

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what is DMA (Direct Market Access)in the Indian share market?

What is DMA?

DMA, or Direct Market Access, is a service offered by stockbrokers that allows traders to place orders directly on the stock exchange’s order book. It eliminates the need for intermediaries, such as market makers or brokers, and provides traders with direct access to the market. This means that orders are executed faster and at potentially better prices.

How Does DMA Work in the Indian Share Market?

In the Indian share market, DMA is facilitated through the use of technology and trading platforms provided by stockbrokers. Traders can access the market through these platforms, which connect them directly to the stock exchange.

Benefits of DMA in the Indian Share Market

1. Speed and Efficiency: DMA enables faster order execution as orders are placed directly on the exchange’s order book. This can be particularly advantageous in volatile market conditions where every second counts.

Conclusion

DMA, or Direct Market Access, is a powerful tool that allows traders to directly access the stock exchange’s order book. In the Indian share market, DMA offers numerous benefits, including speed, transparency, control, lower costs, and access to real-time market data. By utilizing DMA, traders can enhance their trading experience and potentially improve their trading outcomes.

State-owned NALCO has made a file manufacturing of forged metallic at 4,63,428 metric tonne in the course of the monetary 12 months 2023-24. The corporate has additionally made its highest-ever metallic gross sales of 4,70,108 metric tonne in the course of the fiscal ended March 31, it stated in an announcement on Tuesday. The excavation of bauxite reached a file excessive of seven,600,230 metric tonne in the course of the monetary 12 months 2023-24, NALCO stated. In keeping with the corporate, it has surpassed all earlier information since its inception. NALCO CMD Sridhar Patra stated, “Major milestones have been achieved by the company by way of backward integration and securitisation of raw materials and energy in the past four years on account of the dedication and hard work of the employees and cooperation received from various stakeholders.” The corporate’s alumina refinery has produced 21,24,000 metric tonne of alumina hydrate, whereas the captive energy plant generated a gross 7,193.62 million models of energy in the course of the 12 months. In FY 23-24, the entity additionally developed and operationalised Utkal D coal block and produced 2 million tonne of coal, which is the peak-rated capability of the mine. Below the Ministry of mines, Nationwide Aluminium Firm Ltd (NALCO) is the nation’s main producer and exporter of alumina and aluminium.

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