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NALCO issues 270,000 tonnes alumina export tender
20 DEC 20121MINS

NALCO issues 270,000 tonnes alumina export tender

Indian state-run National Aluminium Co (NALCO) has issued an LME-linked one-year tender for export of 270,000 tonnes of alumina for delivery in 2013, company sources said on Thursday. The last date for submission of bids is Jan 4. The deliveries would be made in batches between January and December...

NALCO resumes operations at bauxite mine
18 DEC 20121MINS

NALCO resumes operations at bauxite mine

State-run National Aluminium Co (NALCO) resumed operations at its bauxite mine in eastern India after getting a temporary one-year permit, nearly a month after it was shut, a senior company official said on Tuesday. The operation at Panchpatmali mine in the Koraput district of Odisha, which has a...

Nalco shares gain on aluminium price hike buzz
17 DEC 20122MINS

Nalco shares gain on aluminium price hike buzz

On BSE, 60,242 shares were traded in the counter as against an average daily volume of 71,374 shares in the past one quarter. The stock hit a high of Rs 48.15 and a low of Rs 47.15 so far during the day. The stock had hit a 52-week high of Rs 68.45 on 16 February 2012. The stock had hit a 52-week...

National Aluminium Co hikes aluminium prices by Rs 2,000/tonne
17 DEC 20121MINS

National Aluminium Co hikes aluminium prices by Rs 2,000/tonne

India's third-largest aluminium producer National Aluminium Co Ltd (Nalco) has hiked aluminium prices by Rs 2,000 a tonne for all products in the domestic market, with effect from December 14, the Reuters reported Saturday, citing company sources. The basic cost of standard aluminium ingots after...

Govt terminates services of A K Srivastava as Nalco chairman
17 DEC 20121MINS

Govt terminates services of A K Srivastava as Nalco chairman

The government has terminated the services of state-owned Nalco’s suspended Chairman and Managing Director, A K Srivastava with effect from December 11, the company today said. “The President of India has terminated the services of Abhay Kumar Srivastava as chairman-cum-managing director (under...

SC clears hurdle in reopening Nalco's bauxite mine
11 DEC 20122MINS

SC clears hurdle in reopening Nalco's bauxite mine

The National Aluminium Company ( Nalco) has heaved a sigh of relief with Supreme Court condoning the delay in submission of its forest diversion proposal for renewal of bauxite mine lease. With this, the hurdles in the path of the company in obtaining a temporary working permit (TWP) to operate its...

Nalco may call off Indonesian aluminium project
10 DEC 20123MINS

Nalco may call off Indonesian aluminium project

State-owned National Aluminium Company (Nalco) may call off its proposed Rs 16,000 crore aluminium smelter and captive power plant project in the island nation of Indonesia if they manage to get clearances and coal linkages for a similar project in Odisha. The proposed project in Indonesia is stuck...

Nalco awaits Ministry nod to resume bauxite mining in Odisha
05 DEC 20121MINS

Nalco awaits Ministry nod to resume bauxite mining in Odisha

National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is still awaiting a temporary approval from the Union Ministry of Forests and Environment (MoEF) for resumption of operations at its bauxite mine in Odisha. Operations at its Panchpatmali in Koraput district was stopped...

NALCO raises aluminium prices
02 DEC 20121MINS

NALCO raises aluminium prices

The state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 4,500 rupees per tonne for all products in the domestic market, effective December 1, company sources said on Sunday. The basic price of standard aluminium ingots after the latest increase is 143,700 rupees per tonne,...

Nalco yet to resume operations at Odisha mine
02 DEC 20122MINS

Nalco yet to resume operations at Odisha mine

National Aluminium Ltd, the Bhubaneswar-based integrated PSU aluminium maker, is yet to resume operations at its bauxite mine at Panchpatmali in Koraput district of Odisha. Mine operations stopped on November 17 in the absence of mine lease renewal. A temporary work permit for a year also eluded...

FAC may decide on forest clearance for Nalco mine by next week
29 NOV 20123MINS

FAC may decide on forest clearance for Nalco mine by next week

The Forest Advisory Committee (FAC), an expert panel of Union ministry of environment & forests (MoEF), is expected to take a call by next week on granting fresh forest clearance to the Panchpatmalli bauxite mines of National Aluminium Company (Nalco) to enable the company secure temporary work...

Nalco’s bauxite mining gets temporary relief
27 NOV 20121MINS

Nalco’s bauxite mining gets temporary relief

The Forest Advisory Committee (FAC) of the Ministry of Environment and Forests granted temporary working permit to National Aluminium Company for operating the central and north block of Panchpatmaili mines in Koraput districts where bauxite mining was suspended on November 17 after the 30-year-old...

No financial aid by Nalco to private universities: Mines Minister
26 NOV 20122MINS

No financial aid by Nalco to private universities: Mines Minister

State-owned aluminium producer Nalco has funded many educational institutions as part of its corporate social responsibility but no financial assistance has been given to any private university, the government said today. "Financial assistance from Peripheral Development Fund has been provided by...

India's NALCO sells aluminium at $225/T premium
26 NOV 20121MINS

India's NALCO sells aluminium at $225/T premium

India's state-run National Aluminium Co (NALCO) has sold 12,000 tonnes of aluminium ingots at $225 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis, company sources said on Friday. The metal will be shipped to the Hong Kong based buyer in six batches of...

NALCO hopes to resume bauxite mining in Odisha by Dec first week
21 NOV 20122MINS

NALCO hopes to resume bauxite mining in Odisha by Dec first week

Hopeful of getting the Temporary Working Permit (TWP) to operate its bauxite mines at Panchpatmali in Odisha's Koraput district, Nalco today said the 'Navratna' company would certainly meet all commitments in terms of supply of alumina to refinery and export orders. "We have stocked sufficient...

NALCO finalises 300,000 T alumina export contract: sources
19 NOV 20121MINS

NALCO finalises 300,000 T alumina export contract: sources

India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term export contract for 300,000 tonnes of alumina for deliveries in 2013 at 16.56 percent of the LME aluminium price on a free on board (FOB) basis, company sources said on Saturday. The Hong Kong- based buyer, whose name was...

Nalco's bauxite mining comes to a halt at Panchpatmali
19 NOV 20123MINS

Nalco's bauxite mining comes to a halt at Panchpatmali

National Aluminium Company (Nalco) has stopped production at its Panchpatmali North-Central block bauxite mines after its lease deed for the area expired on Saturday. The company, which is awaiting renewal of the lease, said it is expecting a temporary working permit to operate the mine by...

Indian aluminium firms led by Hindalco to add capacity
15 NOV 20123MINS

Indian aluminium firms led by Hindalco to add capacity

With aluminium prices on the London Metal Exchange (LME) hitting closer to $1,900 (Rs 1 lakh) per tonne in the last quarter, nearly 30 per cent of global capacities are making cash losses. Yet India, led by Hindalco Industries Ltd, will add capacities next year. Indian aluminium companies have an...