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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National Aluminium Company Q1 net may rise 14% to INR 182 cr
State-run National Aluminium Company (Nalco), which will declare its first quarter (April-June) earnings on Wednesday, is expected to show a 14 percent growth in profit after tax at INR 182 crore compared to INR 159.7 crore in corresponding quarter of last fiscal on account of company's strategy to...
Nalco's Panchpatmalli mines awarded
The Panchpatmalli bauxite mines of National Aluminium Company (Nalco) has bagged the Sita Ram Rungta Social Awareness Award for 2013-14 instituted by the Federation of Indian Mineral Industries (FIMI). Ansuman Das, chairman-cum-managing director (CMD) of Nalco received the trophy from Narendra...
Nalco a step closer to start its coal mine project-Business
The Odisha government on Wednesday signed a memorandum of understanding (MoU) with the Airports Authority of India (AAI) for developing an airport at Jharsuguda in western Odisha at a cost of Rs 210 crore. Currently, AAI operates an airstrip at Jharsuguda, used by a few chartered aircraft. Odisha...
Panel to decide on aluminium supply to downstream units
The Odisha government has formed a five-member committee to decide the modalities of supply of molten aluminium to the upcoming downstream units in the aluminium park at Angul. The committee would consist of chairman and managing directors of Odisha Industrial Infrastructure Development Corporation...
Nalco exploring coal block in 'friendly' African nations
National Aluminium Company (Nalco) today said it plans to acquire a coal mine in an African country, which shares a friendly bilateral relation with India. “We will like to have a coal mine in an African nation provided it has a better relationship with India,” said Ansuman Das,...
“Slow growth in Mining Sector retarding industrial growth in India,” Anshuman Das, CMD, Nalco
“The significance of mining sector is determined not by the amount of mineral resources it generates in a country but by the amount of catalytic input it gives towards driving the economy of the country,” said Anshuman Das, chairman-cum-managing director of Nalco during the 18Th International...
Doubling bauxite export duty will improve domestic supplies: Finance Minister, India
The doubling of export duty on bauxite, a key input for aluminium making, to 20 per cent will help improve availability of the raw material to the domestic producers. "Export of any raw material from the country should be discouraged and thus, the doubling of export duty on bauxite is a welcome...
The 18th International Conference on Non-Ferrous Minerals and Metals’14 concludes in Nagpur
The 18th International Conference On Non-Ferrous Minerals and Metals’14, organized by Corporate Monitor and JNARDD and supported by Ministry of mines, Govt. of India & IBAAS in association with VNIT and AlCircle.com took place in Radisson Blu Hotel, Nagpur on 11th and 12th july’14. The two day...
India to increase bauxite export taxes to aid aluminum makers
India proposes to raise export duties on bauxite to help local aluminum producers, which are facing a shortage of the raw material because of mining curbs. Finance Minister Arun Jaitley proposed to double export taxes on bauxite to 20 percent in his budget speech to lawmakers in New Delhi today....
Midal Cables gets land for aluminium unit
The state government’s land acquisition agency, Odisha Industrial Infrastructure Development Corporation (Idco) has allotted 12 acres land to Bahrain-based investor Midal Cables at the aluminium downstream park coming up at Angul. The aluminium park is being developed jointly by National Aluminium...
NALCO Reiterates its Commitment to Supply Hot Metal to Angul Aluminium Park
National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Govt. of India, reiterates its commitment to supply hot metal to the proposed Angul Aluminium Park, which is a Joint Venture Between NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO)....
Idco urges Nalco to commit raw material support for aluminium park
After the Centre’s nod to provide Rs 43 crore for the aluminium park coming up at Angul, the Odisha Industrial Infrastructure Development Corporation (Idco) has sought firm commitment from National Aluminium Company (Nalco) to provide raw material support to the downstream units to be located in...
Angul Aluminium Park gets Central nod
The Central Government has sanctioned establishment of an aluminium park at Angul with an estimated cost of `125 crore. The project is expected to attract investment worth `500 crore in the initial phase. Official sources said the apex committee on Modified Industrial Infrastructure Upgradation...
Centre sanctioned Aluminium Park at Odisha's Angul at a cost of around INR 125 crore
The Union Government has sanctioned the State’s much-awaited proposal for establishment of an Aluminium Park at Angul at a cost of around INR 125 crore. The project is expected to attract investment worth INR 500 crore in the initial phase, said an Industries Department official. The apex committee...
Nalco shares weakens after fourth quarter net drops by 30%
Nalco (National Aluminium Company Ltd)’s shares were trading above 2% at Rs.50 after the company had reported a 30% fall in the net profit at Rs.172 cr for March 31 quarter due to low income and increase in the expense. The company had already shown a total profit of Rs.246 cr last year in the same...
NALCO to announce FY14 results on May 28, 2014
A meeting of the Board of Directors of National Aluminium Company Ltd will be held on May 28, 2014, to consider the audited financial results of the Company for the quarter and year ended March 31, 2014 and to consider recommendation of final dividend, if any. Shares of NATIONAL ALUMINIUM CO.LTD....
India's Nalco in talks for JV in Oman, say reports
National Aluminium Company Limited (Nalco), a government of India enterprise, is in talks with six countries, including Oman, for the setting up of smelter units through joint ventures (JV), according to recent reports in the Indian media. According to a news brief posted on Nalco's website, the...
Odisha hopes to settle tax row with Nalco, SAIL soon
The Odisha government and two Central PSUs — National Aluminium Company (Nalco) and Steel Authority of India Ltd (SAIL) today agreed to resolve the dispute over tax arrears thorough mutual discussions in two months. The two Central PSUs had gone to court, challenging the power dues slapped on them...
