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 to be allowed mining at Panchapatmali
With the 30-year lease of the Panchapatmali bauxite mines allotted to the National Aluminium Company (Nalco) due to expire on November 16 which is likely to force closure of its refinery at Damanjodi, the State Government has decided to allow continuation of the lease of bauxite mines for the...
Nalco disinvestment deferred on valuation concerns; govt plans to sell equity in HAL instead
The government has deferred stake sale in state-run aluminium company Nalco after its poor second-quarter performance raised valuation concerns, but it now plans to sell equity in Hindustan Aeronautics. "Nalco disinvestment will happen next quarter (January-March quarter). It is deferred for now....
Nalco's bauxite mine renewal plan under Naxal threat
Nalco, till date, has mined only one third of the deposit to meet its requirement in the last 30 years The threat of Red rebels has cast a shadow of uncertainty over the renewal of National Aluminium Company's (Nalco) Panchpatmalli bauxite mines even as the company has intensified efforts to obtain...
Govt planning to raise Rs 1,400 cr by selling 12.15% stake in Nalco
The government is planning to raise around Rs 1,400 crore by selling a 12.15% stake in National Aluminum Company Ltd (Nalco) on Friday, as it seeks to urgently revive the stuttering disinvestment programme. Two persons familiar with the process said the government wanted to test the appetite for...
India's NALCO raises aluminium prices by 1,500 rupees/T
India's state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by 1,500 rupees per tonne across all products in the domestic market, company sources said on Friday. The basic price of standard aluminium ingots after the latest revision increased to 136,700 rupees per tonne. NALCO,...
Nalco's Koraput bauxite mine may shut down soon
Public Sector National Aluminium Company seems to be heading for major crisis this month as the 30-year-old mining lease of company’s only bauxite mine in Koraput district is about to expire on November 16 with no signs of the lease getting renewed in the next couple of weeks. The central and north...
Vedanta may buy alumina from Nalco at export price
Vedanta Aluminium Ltd (VAL) whose smelter plant has run into a crisis as a fall-out of raw material crunch crippling its alumina refinery at Lanjigarh, said it is ready to source alumina from National Aluminium Company (Nalco) at export price. “Our smelter operations have been affected because of...
Mines ministry moves note on HZL, Balco residual stake sale
Finance Minister P Chidambaram on Monday said the mines ministry had moved a note for the sale of the government’s residual stake in Hindustan Zinc Ltd (HZL) and Bharat Aluminium (Balco). The matter would go to the Cabinet and the finance ministry would give its views in due course, he said. And,...
NALCO 2nd quarter profit after tax expected to grow by 40 percent
State-run National Aluminium Company's ( NALCO ) profit after tax is expected to grow by 40 percent year-on-year to Rs 195 core in the second quarter of FY13. Net sales are seen going up by 7.7 percent to Rs 1,705 crore from Rs 1,583.7 crore during the same period. Earnings before interest, tax,...
Nalco stops drawing expensive grid power from Odisha
National Aluminium Company Ltd (Nalco) has ceased to draw costlier power from the Odisha grid. It will now rely on captive power. According to Nalco sources, the management took this decision to reduce the cost of power purchased, since it affected profitability in the second quarter ended...
NALCO hits 52-week low post poor results
National Aluminium Company (NALCO) has come out with its Q2FY13 results. The comapny's net profit was down at Rs 4.8 crore versus Rs 139 crore, YoY. Its net sales were up at Rs 1586 crore versus Rs 1584 crore, YoY. The profit was lower due to hike in price of input materials. At 09:28 hrs National...
Refinery closure to hit Vedanta's Jharsuguda aluminium smelter
A day after shutting down its bauxite refining unit at Lanjigarh temporarily citing unavailability of bauxite ore, Vedanta Aluminium Limited (VAL), has said it can hardly run its smelter facility at Jharsuguda for a month in the absence of enough alumina to run the plant. “Amid raw material supply...
Nalco adopts Integrity Pact Programme
In a bid to ensure transparency in corporate governance, National Aluminium Company Limited (NALCO) has adopted the Integrity Pact Programme, company sources said today. Integrity pact would be used in respect of procurement transactions and contracts to make the whole system more transparent. This...
Gujarat Mineral Development Corporation seeks 1,500 acres for its joint venture with Nalco
Taking one more step ahead in setting up alumina and smelter plant project in joint venture with National Aluminium Company (Nalco), state-run mining major Gujarat Mineral Development Corporation (GMDC) has sought around 1,500 acres of land in Mandvi taluka of Kutch district. Aluminium smelting is...
GACL, Nalco JV to set up Rs 700 cr caustic soda project in Gujarat
State-run caustic soda major Gujarat Alkalies and Chemicals Ltd (GACL) has joined hands with National Aluminium Company (Nalco) for setting up 200,000 tonnes per annum (TPA) caustic soda project at Dahej in Gujarat. "The feasibility report for the proposed project is currently on and is likely to...
Low corporate governance in PSUs could hit Indian govt's disinvestment plan
The perception of poor corporate governance in public sector enterprises can be a dampener for the government’s divestment programme. The government is hoping to raise Rs 30,000 crore by share sales in companies such as Steel Authority of India Ltd, Bharat Heavy Electricals Ltd, NMDC Ltd, National...
Nalco gets Odisha govt's nod for new smelter and power plant
National Aluminium Company (Nalco) has got the approval of Odisha's High Level Clearance Authority to set up 0.5 million tonne per annum (mtpa) aluminium smelter and 1,260 MW captive power plant (CPP) at a cost of Rs 16345.89 crore. The smelter cum CPP would come up at Kepse in Sundergarh district....
Nalco employees to protest against disinvestment proposal
More than a dozen employees' union of the National Aluminium Company (Nalco) are planning to organise massive protest rally objecting to the recent decision of the government to dilute 12.15% stake in the state-run enterprise, after their demonstrations in front of various unit offices across...
