NALCO's record FY26 sets stage for major aluminium expansion push
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 explores rare earth and valuable material recovery from bauxite residue and fly ash
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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Nalco seeks immediate Pottangi bauxite mine lease
The chairman and managing director of National Aluminium Company (NALCO) P K Chand urged upon Odisha government to grant the lease of Pottangi bauxite mine on an immediate basis. He put emphasis on the fact that the mine was direly needed by the Navaratna PSU in order to expedite its expansion...
Nalco Q1 net declines 40% to INR 163.44 cr
State-run National Aluminium Company (Nalco) reported a 40 percent decline in its net profit at INR 163.44 crore for the quarter ended June 30, 2015. The company had posted a net profit of INR 270.99 crore in the year-ago period. Total income of the aluminium producer fell by 16 percent to INR...
Nalco aims INR 320 cr procurement from MSEs in 2015-16
National Aluminium Company (Nalco), the navratna PSU, has set a target to purchase goods and services worth INR 321.50 crore from the micro and small enterprises (MSEs) in 2015-16. In percentage terms, the sourcing of goods and services from the MSEs is 25 per cent of the total annual procurement...
NALCO puts diversification and expansion plans on fast track
The National Aluminium Co Ltd (NALCO) expressed interest to diversify into nuclear power production. The company is also looking to strengthen its raw material supply chain. It expects Odisha to give it green signal for a new bauxite mine in the next few months that will help it to start work on...
NMDC and Nalco stocks look attractive after a year-long decline
After a sharp fall over the last one year, stocks of state-owned mining companies -NMDC and Nalco -look attractively valued for investors who prefer to buy companies with good dividend yields. Cash on the books of NMDC as on March 31, is almost half of its market cap, while in case of Nalco it is...
NALCO to announce Q1 results on Aug 12, 2015
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on August 12, 2015, to consider and take on record the Un-audited Financial Results of the Company for the quarter ended on June 30, 2015. Shares of NATIONAL ALUMINIUM CO.LTD. was last trading in BSE at INR35.3 as...
NALCO eyeing new oversees market to offset falling aluminium prices
With domestic and global market for metal witnessing sluggishness, National Aluminium Company Limited (NALCO), a Navaratna central public sector unit, is looking at exploring virgin markets for its products on foreign soil, besides attempting to increase its footprint in mining sector. “It is...
Nalco may include mining in its diversification plans
State-run National Aluminium Co is mulling over the idea of exploiting its core competence of mining to offset the fall in prices of aluminum. Nalco's new chairman and managing director, TK Chand, who met Odisha Chief Minister Naveen Patnaik on Monday, is also hoping that the company can soon mine...
RINL director TK CHand to head NALCO
Rashtriya Ispat Nigam Limited director (Commercial) TK Chand is all set to take charge as the new chairman-cum-managing director of National Aluminium Company Limited (NALCO) on July 27. The Department of Personnel in the Union government issued the appointment order to this effect Tuesday evening....
Alcoa & Nalco getting benefits from alumina and not aluminium
US aluminium giant Alcoa is globally seen as the bellwether for the silvery white metal industry. Such is its standing that every quarter it unofficially kicks off the US earnings seasons. Not surprising, therefore, Alcoa deciding two years ago to start switching off high-cost smelters to stanch...
Nalco signs pact with Rio Tinto Alcan
National Aluminium Company Ltd (Nalco), the navratna PSU under the Union mines ministry, has entered into an R&D (research & development) cooperation agreement with Aluminium Pechiney (AP) / Rio Tinto Alcan. The agreement was signed between B K Satpathy, executive director, Nalco and Bernard...
India plans $3 billion aluminum smelter in Iran
India plans a $3 billion aluminum smelter complex in Iran, now that nuclear negotiations between Tehran and the P5+1 countries have concluded, media reports say. The idea was mooted in 2014 but India has been cooling its heels for the removal of sanctions on Iran to go ahead with the plan. India’s...
Non-Ferrous Minerals and Metals Conference projects positive outlook for India despite bearish market situation
The International Conference on Non-Ferrous Minerals and Metals; organized by Corporate Monitor, which has earned its reputation as a forum for the domestic and international Non-Ferrous industry players as well as industry experts, just concluded its 19th session on July 10, 2015 in Bhubaneswar....
Nalco in R&D pact with Rio Tinto Alcan
National Aluminium Company Limited (Nalco), a navratna PSU under the Ministry of Mines, has entered into a co-operation agreement for research & development with Aluminium Pechiney (AP) / Rio Tinto Alcan. The agreement was signed between B K Satpathy, Executive Director (Business Development),...
Nalco may soon get composite licence over Pottangi mines
The decks are slowly clearing for navratna firm National Aluminium Company (Nalco) to obtain a composite licence (prospecting licence cum mining lease) over Pottangi bauxite deposits. "Nalco's case for a composite licence over Pottangi mines is now under scrutiny at the highest level. The state...
Recycling key to sustain Non-Ferrous sector
Non-ferrous metals and minerals sector is facing a grim situation due to falling of stocks in China and economy meltdown in Greece. Amidst this scenario, the domestic market in India has turned fiercely competitive, Chairman and Managing Director, NALCO, NR Mohanty said. Addressing the 19th...
Aluminium industry should get coal blocks to increase production: NALCO
Allocating coal blocks for the aluminium industry is the key to increase the indigenous production of the metal, said the National Aluminium Company (NALCO), a public sector unit. The price of aluminium is controlled by the London Metal Exchange. In India, the production of aluminium is solely...
Nalco inks JV pact with GACL for caustic soda plant
National Aluminium Company Ltd (Nalco), a navratna PSU under the Union mines ministry, has signed a joint venture (JV) cum shareholders’ agreement with Gujarat Alkalies and Chemicals Ltd (GACL) for setting up a caustic soda plant and captive power plant (CPP) at Dahej (Gujarat). The project is...
