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-GMDC unsure of aluminium project size in Gujarat
After many delays, GMDC’s ambitious $2.75 billion aluminium park in Kutch, Gujarat seems to be stuck in another pit. Its partner Nalco doesn’t seem too keen on the aluminium smelter. GMDC wants to set up a 1 million tonne alumina refinery and a half a million tonne aluminium smelter for a total of...
Nalco targets 10% higher sales turnover in financial year 2014
National Aluminium Company Limited has signed an MoU with the Ministry of Mines, on production and financial targets for the 2013-14 financial year. As per the MoU signed today in New Delhi, the company's sales turnover target has been fixed at $1.43 billion, which is about 10% higher than that of...
Chinese lethargy in smelter capacity use hits world aluminium
Nalco Chairman Ansuman Das is spot on when he says the grave Euro zone concerns refusing to go away and the sustained world overproduction, caused particularly on account of China, are standing in the way of the white metal crossing and staying above $2,000 a tonne. Premiums for the current quarter...
Nalco confirms investment in 1 million mt/year Gujarat alumina refinery
India's Nalco Monday confirmed it plans to invest in a 1 million mt/year alumina refinery in the state of Gujarat that is scheduled for completion in 2017. The project was officially announced last August by then Nalco chairman and managing director B.L. Bagra at the company's AGM. Bagra did not...
PESB recommends Ansuman Das for Nalco top job
The Public Enterprises Selection Board has recommended Ansuman Das as the next chairman and managing director of National Aluminum Company. The move, which comes days after the government's 10% offer for sale in Nalco, is likely to pave the way for appointment of a full-time CMD, ending months of...
India raises $116 million from aluminium stake sale
India raised $116 million by selling shares in state-run National Aluminium Co Ltd on Friday, taking the government closer to its fundraising target to reduce the budget deficit. The single-day NALCO auction received bids for a total of 156.94 million shares, at a weighted average price of 40.05...
National Aluminium Sinks on 4-Year Low Sale Price
National Aluminium Co. , India’s second-largest maker of the lightweight metal, plunged the most in more than a year after the government said it would sell shares today at a price last seen four years ago. The shares of the state-controlled company declined as much as 8 percent to 40.55 INR and...
Nalco down 6% in early trade ahead of offer for sale
Shares of state-run Nalco on Thursday tumbled nearly six per cent in early trade, ahead of its share sale programme where the government will sell up to 10 per cent stake in the aluminium major. After making a weak opening, shares of the company further lost 5.61 per cent to Rs 43.7 on the BSE in...
Indian Ministers to sell stake in National Aluminium on friday
A panel of Indian ministers gave the government the go-ahead to sell a part of its stake in state-run National Aluminium Co. Ltd. through a public offering Friday, Disinvestment Secretary Ravi Mathur said. The federal cabinet had already approved a 12.15% stake sale in the aluminum producer....
Nalco sells 30,000 tonnes of alumina at $345 per tonne to a Dubai trader
India's state-run National Aluminium Co Ltd has sold 30,000 tonnes of alumina at $345 per tonne free on board to a Dubai-based trader, two company sources said on Tuesday. Alumina will be shipped this month, the sources involved in tendering process, who wished not to be identified, told Reuters....
EGoM to decide on Nalco stake sale floor price
An inter-ministerial panel is likely to decide tomorrow the floor price for 12.5 per cent stake sale in Nalco, which can fetch around Rs 1,400 crore to the exchequer at current rates. The Empowered Group of Ministers (EGoM) on disinvestment, headed by Finance Minister P Chidambaram, is scheduled to...
Weakening prospects of aluminium increases pressure on non-ferrous metal producers
Companies such as Sterlite Industries and Hindalco are expected to face pressure in coming months as the prospects for industrial commodities such as aluminium are weakening. Recent major events such as indication of lower bond by the US Fed, slowdown in China’s consumption and higher inventories...
India's Nalco sells 10,000 mt aluminum at LME plus $203/mt
India's Nalco awarded Thursday a sell tender for 10,000 mt of aluminum ingot, at $203/mt plus LME cash CIF Singapore to Swiss trader Euromin SA, a company source said Friday. The product is to be delivered to Singapore between March and June, in four 2,500-mt lots. The closing date for offers was...
India's Nalco issues 30000 t alumina export tender
Indian state-run National Aluminium Co Ltd (Nalco) had issued a tender to export 30000 t of alumina for delivery this month on free-on-board (FOB) basis, two company sources said on Friday. The last date for submission of bids was March 6, said the officials, who did not want to be named as they...
NALCO Leads Indian Aluminum Price Increases
A few days ago, the state-owned National Aluminum Co. Ltd. (NALCO) increased prices of all its products, including ingots and billets, by about US $92 (Rs 5,000) a ton. This was to bring the prices in line with international rates after the metal had gained on the LME. NALCO is Asia’s largest...
India's NALCO sells aluminium at $203/T premium
India's state-run National Aluminium Co (NALCO) sold 10,000 tonnes of aluminium ingots at $203 per tonne premium to the average LME cash price on a cost, insurance and freight (CIF) basis, two company sources said on Thursday. The metal will be shipped to the Switzerland-based buyer in four batches...
India’s FM proposes 10% export duty on bauxite in 2013 Budget
2013 Union Budget of India has proposed to levy 10 per cent export duty on bauxite, a raw material for making aluminium. The FM's proposal to impose a 10% export duty on bauxite on an ad valorem basis is likely to discourage exports of an important raw material for aluminium industry. It will thus...
Nalco hikes aluminium prices by Rs 5,000 per tonne
State-owned National Aluminium Company Ltd (Nalco) has increased prices of all its products by Rs 5,000 per tonne, a senior company official said on Sunday. "We have increased the price of all our aluminium products by Rs 5,000 after aluminium gained in the London metal exchange," the official...
