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
NALCO blames heavy rains for damaged Coal stocks
National Aluminium Company (NALCO) has declared its first quarter results. The company’s net profit stands at Rs 223 crore versus Rs 377 crore on year-on-year (YoY) basis. In an interview to CNBC-TV18, BL Bagra, chairman and director-finance at NALCO says, the aluminium segment has been lagging....
Angel Broking is bearish on NALCO
Angel Broking is bearish on National Aluminium Company and has recommended reduce rating on the stock with a target of Rs 48 in its August 17, 2012 research report. "National Aluminium Co Ltd (Nalco)’s profitability in For 1QFY2013, was above our expectations. However, we recommend a Reduce rating...
Mahanadi Coalfields blames Nalco for irregular coal lifting
Mahanadi Coalfields Limited (MCL), which feeds the captive power plant (CPP) of National Aluminium Company (Nalco) here, has blamed the aluminum major for its failure to ensure regular supply of rakes to lift coal and maintain adequate stock during the lean monsoon season. MCL said, it had sent...
Nirmal Bang recommends sell rating for NALCO stocks
Nirmal Bang is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 49 in its August 16, 2012 research report. “National Aluminium Company (NALCO) reported stable 1QFY13 results, with EBITDA being 6% and 3% above our/consensus estimates and...
Nalco cancels coal supply deal for Indonesia power plant
National Aluminium Company Ltd has cancelled the coal linkage plan for its captive power plant in Indonesia. The unit was to power the proposed $4-billion, half a million tonne per annum aluminium smelter in Indonesia’s East Kalimantan province. Nalco recently communicated the decision to Middle...
Nalco puts its Indonesia project on hold
National Aluminium Company (Nalco) has decided to put its proposed smelter-cum-thermal power project in Indonesia on hold. The country's largest state owned aluminium company has been pursuing plans to invest nearly Rs 16,000 crore set up a aluminium smelter in Indonesia. The company had planns to...
Nalco to invest on energy sector
Poised for a big leap in its diversification plan, aluminium giant NALCO is all set to invest around Rs 40,000 crore to make a foray into energy sector besides implementing a host of new projects and expansion works. "The company has taken up several greenfield projects. As part of this drive,...
Nalco shuts down two captive power plant due to coal shortage
Severe coal shortage has forced the authorities of National Alumunium company (Nalco) to shut down two 120 MW units of its captive power plant (CPP), hitting the aluminium output in the process. Nalco’s CPP has 10 units of 120 Mw each. Faced with sharp drop of power generation in its captive power...
Nalco spreads wings to Gujarat
It seems that Narendra Modi’s Gujarat will never be tired of its position as an investment hotspot as the western state, after attracting almost all the major public sector undertakings (PSU), is all set to get aluminium giant Nalco’s projects on it soil soon. The Odisha-based National Aluminium...
Nalco announces Rs.7,500-crore expansion plan
National Aluminium Company (Nalco), on Tuesday, said it was investing Rs.7,500 crore as part of third phase brownfield expansion at its existing facilities in Odisha. Addressing the 31st annual meeting of the company, Nalco Chairman and Managing Director B. L. Bagra said, “Detailed project report...
India's aluminium demand likely to grow 7-8 percent annually- NALCO
Aluminium demand in India, Asia's third largest economy, is likely to grow 7-8 percent annually, a senior official of the country's third largest aluminium maker said on Tuesday. "The major drivers for this growth would be from power transmission, construction and automobile sectors," B L Bagra,...
NALCO's 1st quarter profit expected to fall by 38%
National Aluminium Company (NALCO) is set to declare its results for the quarter ended June 2012 on Tuesday. Analysts on an average expect the profit after tax to fall by 38% year-on-year and 17% quarter-on-quarter to Rs 234.3 crore. Net sales are expected to be flat at Rs 1,740 crore during the...
Grid failure hits NALCO power units in Odisha
Two units of the captive power plant of the state-run National Aluminium Company Ltd (NALCO) in Odisha collapsed on Tuesday due to the failure of Eastern Grid, a company official said. The power plant of the company at Angul, about 161 km from in Bhubaneswar, has eight running units. Six units...
Midal Cables to set up aluminium conductor and rod unit at Angul
Bahrain-based Midal Cables Ltd has submitted a proposal to set up an aluminium conductor and rod manufacturing unit at Angul at an investment of Rs 250-Rs 300 crore. The overseas investor is keen to set up this facility at the aluminium downstream and ancillary products park at Angul to be...
NALCO to announce Q1 results on Aug 14, 2012
A meeting of the Committee of Directors of National Aluminium Company Ltd for consideration of unaudited financial results is scheduled to be held on August 14, 2012 to take on record the Unaudited Financial Results for the quarter ended June 30, 2012. The National Aluminium Company Ltd stock was...
Nalco may lose Rs 300 crore due to 5% idle capacity
State-owned aluminium maker Nalco is likely to take a Rs 300-crore hit on annual revenue as it is forced to keep five per cent of production capacity idle due to lower metal price and shortage of coal. “We kept idle 10 per cent of our total 4.6 lakh smelting capacity due to inadequate coal supply...
Nalco’s Indonesia project faces coal supply issues
National Aluminium Company Ltd (Nalco) has stumbled on a coal linkage hurdle for its proposed 0.5-mpta aluminium smelter project in Indonesia. Nalco, which is banking on local coal supply to run a planned 1,250-MW captive plant to power its smelter, has not been able to wrap up the deal in the past...
Indian Aluminum Producers hit by electricity subsidy in China and Australia (part two)
Continued from Part One. ( http://www.alcircle.com/NewsDetails.aspx?center=NC&recId=12282) For Nalco, one of India’s largest state-run aluminum producers, the recent slide in metal prices pinched its profit margins to the smallest in 12 years. In a PTI interview, its chairman had admitted that all...
