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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Odisha CM opposes Centre's decision to sell stakes in Nalco
The Centre's decision to sell 12.15 per cent stakes in National Aluminium Company Limited (NALCO) has caused strong resentment from various quarters. Opposing the decision, chief minister Naveen Patnaik said, "Nalco is doing well. The Navaratna company is making profits. There was no need to...
Uncertainty over commencement of Utkal coal block puts NALCO under pressure
Falling aluminium prices globally and uncertainty over the commencement of the Utkal coal block remain to be the point of contention for the company and will continue to put pressure on the margins in the coming quarters. Aluminium prices have been falling over last six months on account of global...
Government to divest 12.5% in NALCO
According to sources, Government is going to divest 12.5% in NALCO , 9.59% in Hindustan Copper , 10% in Oil India and 5% in Neyveli Lignite , reports CNBC-TV18. National Aluminium Company (NALCO) touched an intraday high of Rs 55.15 and an intraday low of Rs 52.95. At 09:22 hrs the share was...
Nalco pays final dividend to shareholders
Navaratna PSU National Aluminium Company Limited (NALCO) has declared a total dividend of Rs 257.72 crore for 2011-12, which includes Central government's share of Rs 224.60 crore. Centre holds 87.15 per cent shares of NALCO. The remaining shares are held by 55,286 shareholders including banks,...
Ansuman Das, NALCO CMD & Director higlights the impact of the global aluminium price decline on NALCO
In an interview with ET Now, Ansuman Das, CMD & Director (Commercial), NALCO, talks about the impact of the global decline in aluminium prices on NALCO. Edited excerpts from the ET interview: ET Now: How will the global decline in aluminium prices impact NALCO? You have in fact raised prices last...
India's aluminium consumption set to increase
The Indian economy has arrived at a point where a non-ferrous metal such as aluminium will come in for increasingly significant application in many areas, besides electrical and electronics, which now has a preponderant share of 48 per cent of this country’s total use of the white metal against...
Nalco and NMDC stocks unlikely to rise further
Nalco and NMDC have gained 6% and 2% in market value, respectively, after the government announced plans to divest 12% stake in the former and 10% stake in the latter. But the euphoria may well be short-lived as both these stocks are already trading at significant premiums to their private sector...
NALCO share rises 4.6% on stake sale buzz
Shares of state-owned National Aluminium Company (NALCO) gained as much as 4.6% intraday on Friday after the CNBC-TV18 reported that the government is going to sell 12.15% stake in the company. The Department of divestment has invited merchant bankers for the process of follow-on public offer. At...
Governance deficit delays NALCO's expansion projects" CAG
The Comptroller and Auditor General (CAG) of the government says possible "governance deficit" has resulted in delay in NALCO’s Rs 4,091.51 crore second phase capacity expansion project. "Gaps and inadequacies in project formulation and execution points towards a governance deficit in the company...
Govt 's Nalco disinvestment plan faces protests from Odisha's ruling party
Hundreds of workers and leaders of Odisha's ruling Biju Janata Dal (BJD) Monday held a demonstration at Damanjodi in Koraput district against the central government's decision of disinvestment in state-run Nalco, a party leader said. Demanding a rollback of the decision, the activists demonstrated...
India's NALCO signs contract to sell 330,000 T alumina
India's state-run National Aluminium Co Ltd (NALCO) has finalised a long-term contract to export 330,000 tonnes of alumina for shipment in 2013 at 16.07 percent of the LME aluminium price on an FOB basis, the company sources said on Tuesday. The Singapore-based buyer will receive the alumina in...
India's NALCO sells aluminium at $242/T premium
India's state-run National Aluminium Co (NALCO) has sold 3,000 tonnes of aluminium ingots at $242 per tonne premium over 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 Singapore-based buyer in six...
Nalco’s Commercial Director gets additional charge as CMD
The mines ministry on Thursday has given Anshuman Das, commercial director of Nalco, additional charge as chairman and managing director of the state-run company. After taking charge of Nalco, Das said his job will be to prioritize projects. "We will take up a proposed Rs 16,000 crore aluminium...
Nalco Undergoes Significant Management Shift
The mines ministry on Thursday has given Anshuman Das, commercial director of Nalco, additional charge as chairman and managing director of the state-run company. After taking charge of Nalco, Das said his job will be to prioritse projects. "We will take up a proposed Rs 16,000 crore aluminium...
India's NALCO issues 330,000 tonnes alumina export tender
Indian state-run National Aluminium Co (NALCO) has issued a tender for export of 330,000 tonnes of alumina for delivery in 2013, Commercial Director Ansuman Das said on Wednesday. The last date for submission of bids is Sept. 18. The deliveries would be made in batches between January and December...
Indian Steel and aluminium Producers Stake Hopes on Auto Industry (Part Two)
Not only steel manufacturers, but even aluminium producers in India are now vying for a larger piece of the auto market pie, what with vehicles getting increasingly lighter and stricter pollution norms. Hindalco Industries Ltd, the world’s biggest supplier of aluminum to carmakers, may double group...
Indian Aluminum Producers optimistic about 2013
Despite a decline in profits for the first quarter reported by India’s state-run National Aluminum Company Ltd (Nalco), aluminum producers here remain optimistic about the sector. Most of this sentiment is based on the likely positive demand from the automobile and power sectors which are expected...
Despite Production Cutbacks by global smelters, Nalco takes up expansion projects
Continued from Part One. (http://www.alcircle.com/NewsDetails.aspx?center=NC&recId=12612) President of Vedanta Aluminum Ltd, India’s numero uno aluminum producer, Mukesh Kumar, told Reuters that due to the closure of some of the aluminum smelters in the US, the demand had improved marginally....
