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...
Grow with
AL Circle
India's NALCO sells 30,000 T alumina at $357/T
India's state-run National Aluminium Co Ltd (NALCO) has sold 30,000 tonnes of alumina at about $357 a tonne free on board, company sources said on Saturday. Alumina will be shipped next month to a buyer in Hong Kong. NALCO, whose tenders serve as an international benchmark, last sold the same...
The disinvestment of NALCO to to hit the market after the Budget
The disinvestment of NALCO (The National Aluminium Company), which could fetch Rs 1,400 crore to the exchequer, is likely to hit the market during the first week of March after the Budget to ensure it is not impacted by volatility in the stock-markets. The department of disinvestment (DoD) will...
NALCO gets a neutral rating
Motilal Oswal has maintained neutral rating on NALCO with a target of Rs 42, in its January 31, 2013 research report. “Nalco reported EBITDA of INR1.8b, above our estimate of INR980m, as the impact of mine closure on alumina production was lower-than-expected. Adjusted PAT increased to 132% YoY to...
India’s Nalco penalized by Coal Ministry for failure to develop allotted coal block
India’s National Aluminium Company Limited (Nalco) has been slapped on the wrist by the Coal Ministry, which has directed the company to provide a $3.3-million bank guarantee for failure to develop a coal block allotted eight years ago. An inter-ministerial group (IMG) set up by the Coal Ministry...
NALCO's Q3 net profit jumps over two-fold
Aluminium major National Aluminium Company (NALCO) today reported more than two-fold jump in net profit to INR 118.94 crore for the quarter ended December on the back of improved sales. NALCO had reported a net profit of INR 51.22 crore for the corresponding period in FY'12. The total income of the...
Nalco can gain Rs 250 cr on alumina sale to Vedanta
National Aluminium Company ( Nalco), which has an exportable alumina surplus of nearly one million tonne per annum, stands to gain Rs 250 crore if it agrees to sell the intermediate product to its competitor - Vedanta Aluminium Ltd (VAL). The business deal, though apparently lucrative, is not...
Government begins hunt for Nalco chairman and managing director
The government has flagged off the search for a fulltime chairman and managing director (CMD) for Nalco. The country's largest state-owned aluminium company has been without a regular chief for nearly two years following the suspension of former CMD, A K Srivastava on graft charges in February...
Nalco to set up wind power project in Jaisalmer
The company is setting up its second wind power plant at Ludarva in Jaisalmer district of Rajasthan with a capacity of 47.6 MW. The Rs 283-crore project will be executed through Gamesa Wind Turbines Private Ltd., which involves erection of 56 wind turbines, each of 850 KW rating. The project is...
Nalco yet to consider Vedanta's offer to buy alumina at a premium
After its alumina refinery at Lanjigarh was shut due to lack of bauxite, now operations at Vedanta’s aluminium smelter in Odisha have been hit by shortage of alumina. Time and again, Vedanta Aluminium Limited (VAL) has asked National Aluminium Company Limited ( Nalco), which has surplus alumina, to...
Indian Mine Minister says GoM will take decision on Nalco divestment
Union Minister of Mines Dinsha Patel said that Union Group of Ministers (GoM) will take decision on Nalco divestment. Patel said that the government is yet to take a final call on stake dilution as the Empowered Group of Ministers (EGoM) assigned to take the call has deferred the decision due to...
India's NALCO finalises 270,000 T alumina export contract
India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term export contract for 270,000 tonnes of alumina for deliveries in 2013 at 16.53 percent of the LME aluminium price on a free-on-board (FOB) basis, company sources said on Monday. The Switzerland-based buyer, whose name was...
Nalco Commissioned its First Wind Power Project
National Aluminium Co Ltd (Nalco) in the Month of January 2013 commissioned its first wind power project at Gandikota in Kadapa district of Andhra Pradesh. Nalco which is the Government-owned manufacturer and distributor of aluminum products had invested around 275 crore rupees for the 50-MW...
NALCO gains 4% as govt plans to divest over 12%
State-owned National Aluminium Company (NALCO) gained as much as 4.55 percent to touch an intraday high of Rs 51.65 on Wednesday as media reports suggest that the government is looking to divest a little more than 12 percent in the company in February, depending on the company's financial...
Higher coal price forces Nalco to cut more capacity
Union government-owned aluminium maker -- Nalco -- will be shutting down about 3-4% of its aluminium capacity over the next fortnight due to higher import and e-auction coal prices. BL Bagra, director (finance), Nalco, said that the company had shut 60 pots last year which translated to about 7-8%...
Work on GMDC-Nalco aluminium plant to kick off in April
State-run firms Gujarat Mineral Development Corp Ltd and National Aluminium Co Ltd are expected to begin construction of their Rs 15,000-crore (Rs 150-billion) aluminium plant joint venture in Gujarat's Kutch in four months. The companies have signed a primary agreement to value-add bauxite and...
S C Padhy takes charge as new director (HR) of NALCO
S.C. Padhy assumed office as the new director (HR) at National Aluminium Company Limited (NALCO), one country's largest aluminium companies, on Thursday. Prior to this assignment, Mr Padhy was with Mahanadi Coalfields Limited (MCL) as the director (personnel). A post graduate in Labour and Social...
GMDC-Nalco plant construction by April
The Rs 15,000 crore aluminium plant's joint venture between Gujarat Mineral Development Corporation ( GMDC) and Nalco is progressing at a snail pace due to various issues including red-tape. It is finally expected to begin construction in four month’s time. VS Gadhvi, managing director, GMDC told...
Aluminium makers drop as Alcoa ratings go down
Sterlite Industries (India) (down 1.13% at 118.45), National Aluminium Company (down 0.31% at Rs 48.75), and Hindalco Industries (down 0.04% at Rs 129.30), edged lower. Meanwhile, the BSE Sensex was down 24.71 points or 0.13% at 19,451.29. Shares of Sterlite Industries (India) outperformed the...
