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...
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The state-run aluminium maker NALCO today reported a 33.78 per cent decline in its net profit to INR 226.14 crore for the quarter ended September 30. The National Aluminium Company (NALCO), a Navratana CPSE under the administrative control of Ministry of Mines, had clocked a net profit of INR...
Aluminium major National Aluminium Company (Nalco) would soon appoint a transaction advisor to decide the modalities of its proposed foray into merchant mining. "We have decided to foray into merchant mining to tap the huge potential offered by a mineral rich state like Odisha. Nalco is gong to...
Aluminium major Nalco will set up a one million tonnes a year alumina refinery plant in Odisha as part of its expansion plan, union mines secretary Balvinder Kumar said on Monday. The company would set up the plant at Damanjodi in Koraput district with an investment of Rs.5,600 crore, he added. The...
National Aluminium Company Ltd. (Nalco) was earlier reported to have planned to invest US$2.80 billion to build an integrated aluminium roject in either Iran or Oman. In a recent update, the company sources divulged that the proposed 5 lakh tonne-per-year smelter, which will also include a captive...
Indian aluminium major National Aluminium Company (Nalco) has inched closer in its bid to bag the Pottangi bauxite deposits with the Odisha government writing to the Union mines ministry to allocate the mines in favour of the central PSU. "We have already written to the Centre to allocate Pottangi...
Growing application of aluminium in automobile industry has not only increased fuel efficiency but also reduced the vehicular pollution, said Nalco CMD T K Chand. "While the developed countries use on an average 140 kg of aluminium per vehicle, in India it is about 40 kg only. Nevertheless, by 2016...
While setting timelines for establishment of proposed industrial clusters, the Government of Odisha on Thursday, October 15, asked the Industries Department to identify areas along the Kalinganagar-Paradip Express Highway for downstream industries. Chief Secretary GC Pati, who reviewed the progress...
The partial write-back of the provision made for the District Mineral Fund and increase in volumes are expected to save the day for Indian non-ferrous metal companies in the second quarter of this fiscal. However, both ferrous and non-ferrous companies are expected to report a sharp fall in revenue...
National Aluminium Company (Nalco)'s plan to foray into nuclear energy generation has hit a legal roadblock. Though the aluminium major proposed to set up a Rs 12,000 crore nuclear energy plant in joint venture with Nuclear Power Corporation of India Ltd (NPCIL), it is unable to go ahead with the...
Challenging times present businesses with opportunities to introspect and revisit their strategies that help them overcome corporate myopia and think about future in a more sustainable manner. National Aluminium Company Limited (Nalco), in a bid to stay profitable in the long run, is accordingly...
Four days after recommending first renewal of Panchpatmali bauxite reserve in favour of Nalco, Odisha chief minister Naveen Patnaik has approved a proposal to allocate another bauxite mines in favour of the aluminium major, official sources said. With the state government recommending Nalco's name...
India’s primary aluminium output will hit 2.5 million tonnes in fiscal 2015-2016, observed Nalco’s managing director T K Chand. India’s demand for the light metal grew significantly in 2014 due to increasing investment by the central government in power transmission, a trend that is likely to...
Facing the twin onslaught of galloping imports and meltdown in global prices, the domestic aluminium industry on Wednesday made a strong pitch for a safeguard duty breather in its meeting with revenue secretary even as its demand for doubling import duty to 10% remains unanswered. Sources said...
After degrading capacity of its one million tonne alumina refinery at Lanjigarh by 35%, Vedanta is looking at options to source alumina from the domestic market to cut its dependence on high cost alumina imports. To feed its smelting unit at Jharsuguda, Vedanta is in talks with Aditya Birla Group...
Battered by surge in imports from China and West Asia, the domestic aluminium producers under the banner of Aluminium Association of India (AAI) have sought an enabling provision of 15 per cent duty on aluminium imports in the Budget for 2016-17. "We have sought an enabling provision of 15 per cent...
Indian aluminium giant National Aluminium Co Ltd (Nalco) is exploring opportunities in Oman, Iran and Indonesia to set up an aluminium smelter plant with an estimated investment of around US$3bn. The company would finalise the location for the plant after examining factors like availability of low...
Production of primary aluminium is likely to touch 2.4 - 2.5 million tonne (mt) in 2015-16 up from the level of 2.04 mt in 2014 -15, led mainly by improved demand from transport and electrical sectors. "With increasing investment by the central government in power transmission during 2014, India...
Armed with two coal blocks the National Aluminium Company (Nalco) is planning to go for third phase expansion of its refinery at Damanjodi with an investment of nearly INR 5,500 crore. The Navratna PSU is waiting for the state government's consent for allocation of Pottangi mines, company CMD T K...
