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 expects its alumina output to rise by 1 million tonne in next 4.5 years
Nalco expects its alumina output to rise by 1 million tonne in next 4.5 years, of which 21.8 lakh tonne can be obtained in FY16, NR Mohanty, CMD, Nalco told CNBC-TV18. Nalco made a record profit of Rs 1322 crore last year but now the market is crashing due to Chinese dump entering the aluminum...
India's Nalco gets access to Pottangi reserves for refinery project
After over two decades of waiting, India's largest integrated aluminium producer National Aluminium Company Limited (Nalco) will commence mining operations at the Pottangi project, in the eastern province of Odisha, where bauxite reserves have been estimated at 70-million tonnes. According to a...
NALCO plans 3.5 lakh tonne aluminium output this fiscal
State run aluminium major, the National Aluminium Company Ltd (NALCO) has set a target to produce 3.5 lakh tonne of aluminium in the current financial year as per the MoU signed with the Ministry of Mines. The navaratna firm also aims to produce 21.50 lakh of alumina during the reporting period....
Nalco to invest INR 5,540 crore in 1 million tonne alumina refinery
The board of National Aluminium Company (Nalco) has approved a significant capacity expansion plan to set up a one million tonne alumina refinery at Damanjodi, Koraput, Odisha at a proposed investment of INR 5,540 crore. Nalco already has a captive bauxite deposit at Pottangi in the state, which...
Nalco Q4 net more than doubles at INR 355 crore
State-run National Aluminium Company (Nalco) on Saturday reported a more than doubling of its net profit of INR354.87 crore for the fourth quarter ended March on the back of an exceptional gain as against INR172.45 crore in the same quarter a year ago. New Delhi, May 30 (IANS) State-run National...
BJD opposes divestment of National Aluminum Company
Government's plan to divest 10 per cent of its stake in navratna firm National Aluminum Company (NALCO) was today opposed in the Rajya Sabha by the BJD which said profit-making firms should not be sold. Raising the issue during Zero Hour, Dilip Kumar Tirkey (BJD) said Nalco was a profit-making PSU...
N R Mohanty assumes additional charge as CMD of NALCO
N R Mohanty, Director (Projects & Technical) at National Aluminium Company Ltd (NALCO) has been given additional charge as Chairman-cum-Managing Director of the navaratna PSU. The additional charge was given to Mohanty following the superannuation of Ansuman Das, a company statement said here...
National Aluminium Company declares 25% interim dividend for FY15
National Aluminium Company Limited (Nalco), a navratna PSU under the ministry of mines, has declared an interim dividend of 25%, or INR1.25 per share of INR 5 each, amounting to INR 322.16 crore for the financial year 2014-15, on the paid-up equity share capital of INR1288.62 crore. On Monday, the...
Consider Utkal E coal block for Nalco: Parliamentary committee to government
A Parliamentary committee today asked the government to consider allocation of Utkal--E coal block in Odisha to aluminium major Nalco as "it is crucial for the company's expansion plans". "The committee feels that allocation of Utkal-E coal block for Nalco is very crucial for the company in...
Orissa Chief Minister opposes Nalco disinvestment move
Chief Minister Naveen Patnaik has opposed the central government's plan to offload 10 per cent stake in navratna firm National Aluminium Company (Nalco). "Nalco is a very profit making PSU. I don't think disinvestment should happen there," Patnaik said in his reaction to the Centre's proposal to...
Prime Minister seeks intervention from Odisha CM to grant the Pottangi bauxite mine
Nalco’s deteriorating condition has caught the attention of India’s Prime Minister, Mr. Narendra Modi, who has sent a letter to the Chief Minister of Odisha, urging him to intervene to improve the company’s situation. Difficulty of viable bauxite procurement has been one of the biggest complaints...
Nalco owes highest mining dues to the government: CAG report
The Comptroller and Auditor General of India has accused the Odisha state government of being too lax in their collection of revenue using modes like VAT, Entry Tax, Excise Duty and Mining Receipts causing an estimated loss of INR 4,713.63 crore for FY 2013-14. The mining dues alone are said to...
NALCO inks MoU with ministry for higher production & financial targets
National Aluminium Company Limited (NALCO) has signed an MoU with the Ministry of Mines, Govt. of India regarding financial and non-financial targets for the FY 2015-16. The MoU was signed between Dr. Anup K Pujari, IAS, Secretary, Ministry of Mines and Shri Ansuman Das, CMD, NALCO, in the presence...
Nalco achieves record gross turnover
National Aluminium Company Ltd (Nalco) has achieved its highest ever gross turnover of INR 7774 crore (provisional) in 2014-15 against INR 7024 crore in 2013-14 and previous best of INR 7247 crore in 2012-13. Export earning has been INR 3307 crore in 2014-15 against INR 3719 crore earned last year....
Angul Aluminium Park receives 11 proposals from downstream units post approval
As soon as the Angul aluminium park received a go-ahead by the government, it has generated interest in the downstream aluminium industry inviting 11 proposals from establishments who are interested in setting up downstream units in the park. The proposed aluminium hub is a joint venture between...
Nalco declares dividend at INR 322.15 crore
Public sector aluminium firm National Aluminium Co. Ltd (Nalco) has declared an interim dividend of INR 322.15 crore for the current fiscal on the paid up equity share capital of INR1,288.62 crore. The dividend of 25%—INR.1.25 per share of INR 5 each—was approved in the meeting of Nalco’s board of...
NALCO Board to consider Interim Dividend for FY 2014-15
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on March 12, 2015, to consider declaration of interim dividend for the Financial Year 2014-15. March 19, 2015 has been fixed as the Record Date for the purpose of Payment of Interim Dividend. Shares of NATIONAL...
Angul aluminium park gets the final nod from the Indian Union government
The long awaited Angul aluminium park, a joint venture between Odisha Industrial Infrastructure Development Corporation (Idco) and National Aluminium Company Ltd (Nalco) finally gets a nod of approval from the Union Government. A special purpose vehicle (SPV) named Angul Aluminium Park Private Ltd...
