National Aluminium Company Ltd (NALCO) has reported its highest-ever operational and financial performance for FY2025-26 as the state-run aluminium producer moves ahead with major expansion projects and a broader push into critical minerals and resource security. National Aluminium Company Ltd...
NALCO is advancing pilot projects in Odisha to turn industrial residues into valuable resources, including rare earth elements, alumina, iron and titanium, strengthening India's push for critical mineral recovery and a circular economy. National Aluminium Company Limited (NALCO) is expanding its...
Grow with
AL Circle
The Government of India yesterday proposed to raise the Basic Customs Duty (BCD) on aluminium products by 2.5 per cent, a move that will help curb influx of cheap aluminium imports. Basic Customs Duty is being increased for aluminium products from 7.5 per cent to 10 per cent, Finance Minister Arun...
Shares of Vedanta Ltd. and National Aluminium Company gained on Monday after Finance Minister Arun Jaitley increased imports duty on aluminium to 7.5 per cent from 5 per cent effective April 1, in a bid to save the industry from imports that have captured more than half the domestic market....
Dr. Tapan Kumar Chand, CMD of Navratna CPSE National Aluminium Company Limited (Nalco) has been unanimously elected as the President of Aluminium Association of India (AAI) in its National Governing Council Meeting, held in Bhubaneswar yesterday. AAI is the apex body representing the entire...
In a bid to protect domestic firms, a Parliamentary Committee has suggested the government to raise import duty on aluminium and raised "serious concern" on "adverse impact" of cheaper imports on the profitability of state-run Nalco . The Committee on Public Enterprises, chaired by Shanta Kumar,...
Grid Conductors Ltd, a 100 per cent subsidiary of Power Grid Corporation of India Ltd (PGCIL), has proposed to establish an aluminium and aluminium alloy conductor unit in Odisha, committing an investment of INR 127.35 crore. The aluminium conductor unit would come up at the aluminium downstream...
Fletcher Building Limited announces it has reached agreement to create a 50-50 joint venture between its Fletcher Aluminium windows and doors business and NALCO. The new business will be jointly owned by Fletcher Building and NALCO, with each having an equal shareholding. Fletcher Aluminium and...
It may be early yet, but there seems to be signs of revival in big ticket investment in Odisha's aluminium sector. If recent announcements are anything to go by, the state, home to more than half of India's bauxite reserves, is poised to attract investment worth well over INR 30,000 crore in the...
Odisha-based Navratna PSE Nalco has announced investment of INR 20,550 crore for expansion of its alumina refinery at Damanjodi and setting up an aluminium park at Angul in the state. "Since the entire value chain of Nalco, starting from bauxite mining to aluminium making is based in Odisha, our...
The National Aluminium Company Limited (Nalco) has achieved a net profit of INR 133 crore in the third quarter that ended on December 2015 despite global slowdown in the aluminium sector, a release issued by the Navratna company on Friday stated. The aluminium major has achieved a net profit of INR...
Platts Australian alumina daily assessment closed the week at $209/mt FOB, up 50 cents on the day as the global market gravitated toward a more balanced or tighter position than a few months ago due to margins-led global refining cuts. The Australian assessment rose $1/mt on the week. Low freight...
National Aluminium Company Ltd posted a net profit of INR 1334.90 mn for the quarter ended December 31, 2015 as compared to INR 3544.70 mn for the quarter ended December 31, 2014. Total Income has decreased from INR 20576.10 mn for the quarter ended December 31, 2014 to INR 17592.80 million for the...
National Aluminium Company (Nalco) Chairman and Managing Director Tapan Kumar Chand in his book ‘Aluminium: the strategic metal’ has called for extensive use of the light metal for building smart cities in India. Mr. Chand recently presented a copy of his newly published book to Prime Minister...
During the recent visit of the Prime Minister to the Temple City of Bhubaneswar, Shri Tapan Kumar Chand, CMD, NALCO extended him warm welcome on behalf of all the industries in Bhubaneswar and NALCO, the Navratna company, at Raj Bhavan, Bhubaneswar. He also presented a book “Aluminium : The...
Government of India has provided relief to the domestic steel manufacturers hit by cheap imports and the global slowdown in commodity price by imposing a minimum import price ranging from $341 to $752 a tonne on 173 steel products. But, the global slowdown has left the aluminium industry still...
In view of the slump in the world aluminium market, the National Aluminium Company (Nalco) has developed an all-weather business model to maintain profitability. "Given the tough going in the market, Nalco, a leading foreign exchange earner for the country amongst the central public sector...
The ministry of mines in India has proposed a hike in import duty on aluminium to 7.5% from 5% now, and a correction of the inverted duty structure in the industry, in its pre-Budget communication to the finance ministry. If the proposals are implemented, domestic aluminium makers such as Hindalco,...
Upbeat about a rise in aluminium consumption in India, Navaratna PSU Nalco is all set to invest INR 30,000 crore in various projects in the next five years. “Nalco plans to invest to the tune of INR 30,000 crore in the next five years,” Nalco’s CMD Tapan Kumar Chand said in his Republic Day...
National Aluminium Company (Nalco) chairman and managing director TK Chand on Tuesday said that the company’s profitability would remain depressed during the current fiscal despite achievement of higher production. Chand said that the company is set to close the fiscal 2015-16 with a bauxite...
