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Indian Aluminum Producers hit by electricity subsidy in China and Australia
24 JUL 20122MINS

Indian Aluminum Producers hit by electricity subsidy in China and Australia

Recent distortions in the international aluminum markets, some of them caused by subsidies granted by the Chinese and Australian governments to domestic aluminum smelters, have indirectly had a negative impact on Indian aluminum producers. Industry majors may not have said this openly, but a...

GMDC to invest in Nalco's Gujarat aluminium project
24 JUL 20122MINS

GMDC to invest in Nalco's Gujarat aluminium project

Gujarat Mineral Development Corporation (GMDC) Monday said it has received the state government nod in investing in equity of the proposed alumina plant and aluminium smelter project in collaboration with Nalco. "Gujarat government has given its consent to GMDC for investing in equity of the joint...

SGAT opposes Union tribal minister's plea to stop bauxite mining
24 JUL 20122MINS

SGAT opposes Union tribal minister's plea to stop bauxite mining

The Society of Geoscientists and Allied Technologists (SGAT) has vehemently opposed Union tribal welfare minister V Kishore Chandra Deo’s demand for stoppage of bauxite mining in Eastern Ghats. “We strongly refute observations of the Union tribal welfare minister as these are not based on facts,”...

India's NALCO sells Aluminium at close to $223/T premium
19 JUL 20121MINS

India's NALCO sells Aluminium at close to $223/T premium

India's state-run National Aluminium Co (NALCO) said on Thursday it has sold 12,000 tonnes of Aluminium ingots at close to $223 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis. The metal will be shipped to a European buyer in six batches of 2,000...

Indian Aluminium biggies avoid output cut depite the present global trend
18 JUL 20123MINS

Indian Aluminium biggies avoid output cut depite the present global trend

Despite the benchmark aluminium price on the London Metal Exchange (LME) falling below cost of production, metal producers in India are avoiding output cut at least for the current fiscal amid hope of revival in its price in the second half of the year. This is important in view of the global...

Nalco to build aluminium smelter in Kalimantan,Indonesia
18 JUL 20121MINS

Nalco to build aluminium smelter in Kalimantan,Indonesia

India's National Aluminium Co (Nalco) is one of two companies planning to develop projects worth US$4.76M in Indonesia's second largest province of Kalimantan in Eastern Borneo. The projects in question embrace a railway system, a coal terminal, a steam power plant and and aluminium smelter. Nalco...

Aluminium prices to increase by 10% in 2-3 months- B L Bagra, Nalco
17 JUL 20122MINS

Aluminium prices to increase by 10% in 2-3 months- B L Bagra, Nalco

Aluminium prices may rise by up to 10% in 2-3 months to USD 2,000 per tonne due to subdued supply in the international market, Nalco Chairman B L Bagra said today. "The price of Aluminium should recover from the present level of USD 1,850 a tonne. In the next 2-3 months, it should cross USD 2,000...

Nalco may buy  Indonesia’s Ashan Aluminum
17 JUL 20123MINS

Nalco may buy Indonesia’s Ashan Aluminum

Aluminum producer Nalco is in talks to buy Indonesia’s Ashan Aluminum (Inalum) for up to Rs 8,000 crore in what could be the largest overseas acquisition by a state-owned metal firm. A Japanese consortium holds a 59 per cent stake in Inalum, which owns a 2.1-lakh-tonne plant in the North Sumatra...

Power Grid in talks with SAIL, Nalco & RINL to manufacture transmission equipment
17 JUL 20122MINS

Power Grid in talks with SAIL, Nalco & RINL to manufacture transmission equipment

In a major diversification plan, state-run Power Grid Corporation is in discussions with three companies, including SAIL, for setting up an equal joint venture to manufacture transmission equipment. Power Grid Corporation of India sets up electricity transmission network. "We are in talks with...

Coal, aluminum firms to invest  in East Kutai plants
13 JUL 20123MINS

Coal, aluminum firms to invest in East Kutai plants

Two foreign firms plan to develop projects worth Rp 45 trillion (US$4.76 billion) in East Kalimantan, the province’s top official says. The projects will be funded by Rhas Al Khaima, a United Arab Emirates-based coal mining company, and National Aluminium Co. (Nalco), an Indian-based manufacturer...

NALCO director elected to FIMI Managing Committee
11 JUL 20121MINS

NALCO director elected to FIMI Managing Committee

S S Mahapatra, Director (Production), National Aluminium Company Limited ( NALCO), the country's largest state owned aluminium producer, has been elected as member of the Managing Committee and Vice-Chairman of Standing Committee for Non-Ferrous Mineral Industries of Federation of Indian Mineral...

Nalco plans to venture into power sector
11 JUL 20123MINS

Nalco plans to venture into power sector

National Aluminium Co., India’s largest state-run producer plans to invest $2 billion to generate and sell electricity after a slide in metal prices shrank profit margins to the smallest in at least 12 years. “All our calculations with aluminum have gone wrong,” Chairman B.L. Bagra said in an...

NALCO to establish 100-seat medical college and hospital in Koraput Odissa
09 JUL 20122MINS

NALCO to establish 100-seat medical college and hospital in Koraput Odissa

The blue-chip Navratna public sector unit National Aluminium Company Limited (NALCO) will set up a 100-seat medical college and hospital in the tribal dominated Koraput district in south Odisha. NALCO's refinery and bauxite mining project is located at Damonjodi in the district, one of the most...

Odissa govt urges Nalco to establish medical college
04 JUL 20121MINS

Odissa govt urges Nalco to establish medical college

The state government on Tuesday requested Nalco to establish a medical college in tribal dominated Koraput district. In a letter to Nalco chairman-cum- managing director BL Bagra, health secretary Pradipta Kumar Mahapatra requested the company to come out with a detailed proposal by July 5....

Nalco to continue taking a premium over London Metal Exchange (LME) prices
04 JUL 20122MINS

Nalco to continue taking a premium over London Metal Exchange (LME) prices

State-owned National Aluminium Company (Nalco) expects to continue to rake in a premium over benchmark London Metal Exchange (LME) prices of aluminium by catering to demand from deficit regions. “We have contracted to sell a batch of up to 8,000 tonne of alumunium in Europe till February at a...

NALCO implements e-procurement
03 JUL 20121MINS

NALCO implements e-procurement

National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has joined the league of select companies in successfully implementing e-procurement of materials. The e-procurement application, SAP SRM 5.0, is integrated with other SAP modules. The...

Nalco Provides Assistance to Fire Victims
29 JUN 20121MINS

Nalco Provides Assistance to Fire Victims

As part of its CSR activities, National Aluminium Company Limited (Nalco) has provided assistance to the fire victims of Basoi village under Parjang block, in Dhenkanal district. The Periphery Development Cell of Nalco Corporate Office distributed 1000 GCI Sheets worth Rs. 10 lakh, to the 469...

Orbite signs agreement with India’s Nalco
28 JUN 20122MINS

Orbite signs agreement with India’s Nalco

Orbite Aluminae, Inc. C3Wednesday struck a tentative deal with India's Nalco that will see the gold and precious metals company test its technology on ore and red mud residue. Nalco, or National Aluminium Company Limited, was established in 1981 as a public sector enterprise of the government of...