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 jumps after strong Q2 results
National Aluminium Company rose 7.25% to INR 62.90 at 9:23 IST on BSE after net profit jumped 90.61% to INR 341.52 crore on 16.28% rise in total income to INR 2164.13 crore in Q2 September 2014 over Q2 September 2013. The result was announced after market houINR on Wednesday, 12 November 2014....
Nalco Q2 profit may jump 62% to Rs 290 cr on strong EBITDA
National Aluminium Company (Nalco) is expected to report a whopping 62 percent growth in profit at Rs 290 crore for July-September quarter led by company's strategy to minimise expensive coal imports. Profit in the year-ago period was Rs 179.2 crore. Revenue is seen going up by 7 percent to Rs...
NALCO to announce Q2 results on Nov 12, 2014
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on November 12, 2014, to take on record the Unaudited Financial Results of the Company for the quarter ended September 30, 2014 (Q2). Shares of NATIONAL ALUMINIUM CO.LTD. was last trading in BSE at INR58.95 as...
Lack of clear pricing policy deterring investors from investing in Angul Aluminium Park
There is uncertainty revolving around investors willing to contribute towards Angul Aluminium Park (AAP) due to the lack of a clear pricing policy. This park is meant to be the first of its kind venture in the subcontinent where there will be infrastructure support and facilities to directly...
Nalco chief: PESB recommends T K Chand's name
The Public Enterprises Selection Board (PESB) has recommended RINL Director T K Chand's name for appointment as Chairman and Managing Director of aluminium maker Nalco. Chand would succeed Anshuman Das as the head of Odisha-based aluminium maker Nalco, if the government approves his name after...
IDCO seeks pricing details from NALCO on metal supply
Odisha Industrial Infrastructure Development Corporation (IDCO) has asked the National Aluminium Company (NALCO) to declare pricing details of the metals supplied to the industrial units at an aluminium park at Angul, Business Standard reported. In a letter to NALCO, Vishal Dev, CMD, IDCO, said...
GMDC acquires 100 hectares of land for alumina plant in Kutch
Mining major Gujarat Mineral Development Corporation (GMDC) has acquired land in excess of 100 hectares for the first phase of an alumina plant and aluminium smelter plant, which would be set up in joint venture with Navratna Public Sector Unit (PSU) National Aluminium Company Limited (NALCO) at...
Tomar looking to bring industrialization to Madhya Pradesh
The union minister of steel and mines, Narendra Singh Tomar, has promised to set up aluminium refinery and steel plant in Madhya Pradesh to give a push to the industrialization of the state. He also aims to conduct geo chemical and physical survey of minerals to take a positive step towards mining....
Indian aluminium maker announces 100 MW wind energy project days after its coal mine is cancelled
Indian government-owned companies seem to have embarked on a hyperdrive to implement renewable energy projects. The aggressive capacity addition plans are reportedly backed by the central government, which aims to boost the existing renewable energy policies. Just last month, Coal India Limited,...
Nalco to invest Rs 660 cr on 100 MW wind power plant
National Aluminium Company (Nalco), the navratna public sector undertaking under ministry of mines, plans to set up a 100 Mw wind power project with an investment of Rs 660 crore. “The project will be set up shortly at a suitable location in India”, Ansuman Das, chairman cum managing director (CMD)...
Nalco to file review petition in SC over quashing of coal blocks
Stung by the recent Supreme Court (SC) order, which quashed allocation of 214 coal blocks across the country, National Aluminium Company (Nalco) said it is mulling to file a review petition in the apex court to reconsider its case for Utkal-E, a coal block awarded to the aluminium major that now...
Nalco announces INR 387 crore dividend and further expansions
On September 27, the CMD of Nalco, Ansuman Das announced a dividend of INR 387 crore for the 2013-14 fiscal. The announcement was made in a press meet after the 33rd Annual General Body meet. Das explained that the aluminium market was picking up globally due to global cutbacks and the positive...
Nalco jumps on bargain hunting
National Aluminium Company rose 6.94% to INR 64.75 at 11:50 IST on BSE on bargain hunting after the stock fell 8.47% in the preceding three trading sessions to INR 60.55 on 16 September 2014, from a recent high of INR 66.15 on 11 September 2014. Meanwhile, the BSE Sensex was up 98.47 points, or...
NALCO to open a new stockyard at Vadodara
The Public Sector Undertaking (PSU) company of NALCO, National Aluminium Company added a new stockyard in Gujrat’s Vadodara, making it the 10th stockyard in India. Ansuman Das, the company’s Chairman and Managing Director inaugurated the stockyard. According to a company release, Gujrat’s new...
See aluminium price hold above USD 2400/tonne: Nalco
Answering a query put by CNBC-TV18’s guest editor Abhay Laijawala, MD & Head of Research, Deutsche Equities India on whether alumna prices on the LME are expected to move up in line with aluminium prices, Ansuman Das, chairman and managing director of Nalco said alumina prices may not move up as...
Nalco invests INR 294 crore on the MSEs
A sum of INR 294 crore has been invested by the Nalco in favour of the micro and small enterprise (MSE) units in 2013-14. The Chairman and Managing Director of Nalco, Ansuman Das said during the 19th level Advisory Committee meet on Monday, both aluminium major and Micro Small and Medium...
National Aluminium Company's net profit up 69.68 percent
National Aluminium Company reported an increase of 69.68 percent in it's net profit for the first quarter of current fiscal at INR 270.99 crore. The company had posted a net profit of INR 159.70 crore for the quarter ended June 30, 2013. According to the company, its total income in the quarter...
Nalco looking at Oman and Iran for $3bn smelter due to coal shortage in India
Domestic coal shortages are prompting India’s National Aluminium Co (Nalco) to plan construction of a US$3bn smelter complex abroad, possibly in Oman or Iran, underscoring the task Prime Minister Narendra Modi faces to boost energy output. Indonesia, Vietnam, Malaysia and UAE are other potential...
