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 gets 'Reduce' rating from ICICI Securities
ICICI Securities has maintained 'Reduce' on National Aluminium Company (NALCO) with target price of Rs 27 as against current market price (CMP) of Rs 26 in its report. Commenting on the investment rationale, ICICI Securities said, ''National Aluminium Company (NALCO) reported lower than expected...
NALCO to raise alumina exports amid rupee plunge
National Aluminium Co Ltd plans to raise its alumina exports by 40 per cent to 1.4 million tonnes this fiscal year, its production chief said, helping the country increase its dollar inflow amid a plunge in the rupee. Asia's third-largest economy is looking to boost exports and lower imports of...
IIFL recommends buy on NALCO post Q1 FY14 results
IIFL has maintained its buy recommendation on National Aluminium Company post the latter's Q1 FY14 results. It has a target of INR 32, an upside of 24.3% from its current market price of INR 26 per share. Analysing the numbers, the brokerage said, "Q1 FY14 results were below our estimate due to a...
NALCO registered a net profit of INR 160 crore in 1st quarter
National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines, Govt. of India, has announced the results for the 1st quarter ended June 2013. According to the reviewed financial results for the 1st quarter of the financial year 2013-14, taken on record in the meeting held in New...
NALCO Q1 profit may fall 19% at Rs 180 cr
Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the metal sector. The brokerage house expects NALCO to report a 26.7 percent degrowth quarter-on-quarter (fall of 19.1 percent year-on-year) in net profit at Rs 180.4 crore. Revenues are expected to decrease by 17.7...
Ansuman Das takes over as full-time CMD of Nalco
Ansuman Das, who was holding the additional charge of chairman-cum-managing director (CMD) of National Aluminium Company Limited (Nalco), took over as full-time CMD of the company on Friday. Das graduated in mechanical engineering from REC, Rourkela (now NIT) in 1976, and did his MBA from...
Nalco dithers over alumina supply to Lanjigarh refinery
Anticipating trouble from its workers union, the management of the state-owned Aluminium producer NALCO is deliberating whether it should supply a 'trial' amount of alumina to Vedanta Resources' refinery in Lanjigarh, Odisha. NALCO had obtained an advance from its private sector rival for the trial...
Nalco cuts price; Hindalco, Balco likely to follow suit
National Aluminium Company (Nalco) has cut aluminium prices by around INR 4,000 per tonne for the month of July in line with London Metal Exchange (LME) prices to be effective from July 1. Other aluminium producers such as Hindalco and Balco usually follow the price trend set by the state-owned...
Research firm expects US economy to uplift metal prices
Research firm Nirmal Bang expects industrial metals prices to take support from improving economic conditions in the US. Though, the deteriorating manufacturing conditions in China are likely to keep a check on the upside. Industrial metals prices fell to its lowest level in 20 months, hit by...
India’s NALCO sells aluminium at $226 per ton premium
India’s state-controlled National Aluminium Co Ltd (NALCO) has sold 6,000 tons of aluminium ingots at $226 per ton premium to the average LME cash price on a cost, insurance and freight (CIF) basis, company officials said on Thursday. The metal will be shipped to a South Korean buyer in six batches...
Nalco to boost alumina production capacity
India’s National Aluminum Company Limited (Nalco) and the country’s third-largest producer of aluminum, may soon be getting access to a new 65-million-ton bauxite reserve to expand its alumina refinery from 2.1 million tons a year to 3.1 million tons a year by 2016. A draft of a detailed project...
Nalco commissions part of its second wind energy project
State-owned aluminium maker Nalco has commissioned a part of its INR 283 crore wind power project in Rajasthan, taking its total green energy capacity to 65 MW. “The company has set up its second wind power plant at Ludarva in Jaisalmer, Rajasthan, with a capacity of 47.6 MW. A part of the project...
Nalco secures new bauxite mine for brownfield expansion
Nalco would be securing access to a new 65-million ton bauxite reserve to expand its alumina refinery from 2.1 million tons a year to 3.1 million tons a year, by 2016. According to a company official, the bauxite reserves at Pottangi, in the East Indian province of Orissa where the country’s...
Land acquisition for aluminium park gains momentum
Land acquisition for the aluminium park near Angul being developed jointly by National Aluminium Company (Nalco) and Odisha Industrial Infrastructure Development Corporation (Idco) has gained momentum. Out of 200 acres of land needed for the park, 132 acres has been acquired. The park, located...
Nalco commissions INR 283 crore wind power project in Jaisalmer
National Aluminium Company Limited (Nalco), a Navratna PSU, has set up its 2nd wind power plant at Ludarva in Jaisalmer district of Rajasthan with a capacity of 47.6 MW. The move is part of Nalco's plan to diversify into other metals and the energy sector. One part of the project has been...
Nalco to add 1 MTPA capacity at Odisha alumina plant by 2016
Nalco will add an additional one million tons per annum (MTPA) capacity by 2016 to its existing 2.1 MTPA alumina refinery in Odisha for about INR 4,570 crore, a senior company official said. A draft of detailed project report (DPR) for the expansion of the alumina refinery has been prepared and it...
Nalco’s short-term outlook remains weak
Government-owned Nalco saw its stock price hitting a 52-week low of INR 32.50 on Thursday, almost half the INR 63.50 on July 4 last year. While the weak outlook for base metals has been responsible, lack of backward integration of coal and the Offer for Sale by the government in March have also...
Ducon completes eight installations in the alumina handling systems
Ducon Technologies announced that in past 5 years the Company has built up extensive and diversified experience in the Alumina handling systems. Ducon has executed eight alumina and crushed bath projects for major aluminum producers of India. Most of these projects have been turnkey in scope and in...
