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 simmers down its smelter as LME prices stay low
Sitting on rich resources of bauxite and coal, Odisha is an ideal centre to produce aluminium, the domestic demand for which is to continue to grow at an annual rate of at least eight per cent. Odisha has a share of 1.81 billion tonnes (bt) of the country's bauxite deposits of about 3 bt. The state...
SM Consultants to prepare lay-out of Nalco park
City-based SM Consultants has been engaged to prepare the lay-out plan for the aluminium park at Angul being developed jointly by National Aluminium Company (Nalco) and Odisha Industrial Infrastructure Development Corporation (Idco). A special purpose vehicle called Angul Aluminium Park Pvt Ltd...
NALCO may invest $811 million to boost its alumina refining capacity
National Aluminium Co. (NALCO), India’s biggest state-owned producer, may invest INR 50 billion ($811 million) to boost its alumina refining capacity and revive earnings that are forecast to slide to a three-year low. The company will enhance its annual ability to process alumina by 43 percent to...
Nalco expects global aluminium prices to pick up in Q4
National Aluminium Company (Nalco) whose bottomline took a hit in the April-June quarter of this fiscal due to weak aluminium prices in the global market expects prices to recover in the last quarter as a glut in supply is likely to trigger capacity cut in China and Russia. “In fourth quarter...
National Aluminium Company to pay Rs 322.15 crore as dividend to govt.
Aluminium giant National Aluminium Company Ltd (Nalco) has announced a total dividend payout of 25 per cent, amounting to Rs 322.15 crore for 2012-13, as against 20 per cent paid in the previous year. Announcing this after the Annual General Meeting of the company here, National Aluminium Company...
Nalco to invest INR 33,000 cr for diversification and expansion
Unveiling a new plan for high growth through diversification and expansion, aluminium giant Nalco is set to invest more than INR 33,000 crore in a host of sectors including energy to boost its productivity and profitability. "NALCO is embarking upon an ambitious growth plan involving a massive...
National Aluminium Company Ltd rejects Vedanta's request for alumina
Aluminium major NALCO has rejected a request to sell surplus alumina to bauxite starved Vedanta for its smelter at Jharsuguda, saying it was against the Navaratna PSU's policy to supply it in domestic market. "We are not in a position to provide alumina or bauxite to any other company inside the...
NALCO Q2 profit jumps 37 times on operational performance
National Aluminium Company (NALCO) reported strong numbers with the second quarter (July-September) net profit growing 37.3 times year-on-year to INR 179 crore on operational performance. Strong results were on the back of higher coal linkage in Q2, Ansuman Das, CMD said. He feels strong...
Odisha pollution control Board clears Nalco's bauxite mining project at Panchapatmali
The Consent Committee (CC) of Odisha State Pollution Control Board (OSPCB) cleared 15 major projects. The Odisha Power Generation Corporation (OPGC) and 14 others were granted consent order. The OPGC proposed to develop coal mines of 8 MTPA along with coal washery of same capacity at Manoharpur in...
Coal concerns mar Nalco's prospects
The share price of National Aluminium Company or Nalco has risen almost 40 per cent from its 10-year low of INR 24.10 seen on August 6 to INR 33.7 on the back of a rise in the global aluminium price, which is up only marginally, and a weak rupee that props up realisations. As compared to the...
Orissa bauxite reserves remain unutilized, only one reserve being functional
Orissa sits on one of the largest reserves of bauxite in India —around 2.5 billion tonnes — but its record in developing these mines or allocating them to private parties is abysmal. Of 10 identified big mines with potential reserves of around 1,489 million tonnes (mt), only one mine —...
NALCO stock gets Neutral rating
NALCO stock gets Neutral rating from Angel Broking. NALCO's aluminium segment reported a negative EBIT of INR 79cr for the quarter compared to a loss of INR 19cr in 1QFY2013. Staff costs as a percentage of net sales stood at 20.9 percent, compared to 16.5 percent in 1QFY2013 and other expenses also...
Vedanta seeks Odisha govt's intervention to buy Nalco's surplus alumina
After a failed bid to buy surplus alumina from National Aluminium Company (Nalco) to run its alumina smelting facility at Jharsuguda, Vedanta Aluminium Ltd (VAL) has sought the intervention of the Odisha government on the matter. With its aluminum smelter at risk, VAL wants the state government to...
Utkal-E coal block likely to be operational by December 14: Nalco
State-owned aluminium major Nalco is expecting to operationalise its much delayed Utkal-E captive coal block by December next year. Allocated to the company 9 years back, in August 2004, to meet coal requirements of four of its captive power plant, the block has failed to meet several deadlines for...
Weak rupee encourages alumina exports in India
National Aluminium Co (NALCO), based in Bhubaneswar, India, is planning to raise its alumina output by 19% and its alumina exports by 40% for this fiscal year, in a bid to increase dollar inflow into India’s weakening economy. With the recent decline in the value of the rupee, Asia’s third largest...
GMDC-Nalco aluminium smelter takes a back seat
The aluminium smelter project, part of Gujarat Mineral Development Corporation (GMDC)'s ambitious Rs 15,000-crore aluminium park in Kutch, Gujarat, has been put on back burner as GMDC and its partner National Aluminium Company Ltd (Nalco) are yet to finalise the terms and conditions for it. GMDC...
Nalco union stands in way of Vedanta tie-up
In what would have been a win-win situation, Nalco could have channelled its surplus alumina to Anil Agarwal’s Vedanta Aluminium, which is starved of the input to make aluminium, and in the process improved its earnings as well. But severe resistance from the state-owned company’s employees’ union,...
NALCO signs fuel pact with Mahanadi Coalfield Limited
The National Aluminium Company Limited (Nalco) on Wednesday signed a long-term fuel supply agreement with Mahanadi Coalfield Limited (MCL). As per the deal, MCL would supply 47.16 lakh MT of coal to Nalco's captive power plant (CPP) in Angul and 8,73,324 MT for steam-cum-power generation plant in...
