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
Indian companies getting high premiums despite low aluminum price
Vedanta Resources said it has sold 3,000 tonnes of aluminium ingots at a premium of $220 a tonne over the London Metal Exchange (LME) price in the Asian market. India's state-run National Aluminium Company (Nalco) has also sold 8,000 tonnes of aluminium ingots at a premium of $202.80 per tonne...
NALCO sells aluminium at $203 per tonne premium
India's state-run National Aluminium Co (NALCO) on Monday said it has sold 8,000 tonnes of aluminium ingots at close to $203 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 eight batches of 1,000 tonnes...
Nalco offers discount of 2,500 rupees ($44.26) per tonne across all products
Aluminium major Nalco is under tremendous market pressure due to dropping aluminium prices in the London Metal Exchange (LME) and higher production costs. to boost sales and to cope with the continuous losses, India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 2,500...
NALCO issues tender to export 8,000 tonnes of aluminium
The state-run National Aluminium Co. Ltd.(NALCO) has issued a tender to export 8,000 tonnes of aluminium ingots, Commercial Director Ansuman Das said on Tuesday. The last date for submission of bids is June 22. The metal will be shipped in eight batches of 1,000 tonnes each from July to Feb, Das...
NALCO bags Performance Excellence Award
Navaratna PSU National Aluminium Company Limited (NALCO) has bagged the prestigious Performance Excellence Award for 2010-11. The award, instituted by Indian Institute of Industrial Engineering (IIIE), Mumbai, was presented at a function in Udaipur over the week-end, company sources said on Monday....
Aluminium producers pitch for raising import duty on aluminium
A deteriorating demand outlook, suppressed market sentiment in Europe and consumption decline in China has led the domestic aluminium industry to demand for upping the import duty on aluminium to 7.5 per cent and imposition 2 per cent customs duty on aluminium scrap to insulate themselves from...
Govt starts 10% stake sale process in NALCO
The government has initiated the process of 10 per cent stake sale in National Aluminium Company Ltd (NALCO) which may fetch the exchequer an estimated Rs 12,000 crore. “Disinvestment Department has moved a cabinet note for 10 per cent stake sale in NALCO. It will come up before the CCEA soon,” a...
Nalco workers protest sale of alumina to Vedanta Aluminium
Politics over alumina sales to Anil Agarwal-owned Vedanta Aluminium (VAL) has deprived the blue-chip PSU National Aluminium Company(Nalco) an additional profit of at least Rs 200 crore per annum. With the Congress-backed workers' union up in arms against any deal with VAL, Nalco authorities are...
Barclays 'not upbeat' on Indian aluminium sector
Barclays Capital initiates coverage of India's aluminium sector, saying they are "not upbeat" about the fundamentals in the sector because of "spiraling" energy costs and "project execution challenges." However, Barclays says find valuations of Hindalco Industries "attractive" and initiates the...
Nalco plans to hike stake in nuclear power venture
National Aluminium Company Ltd (Nalco) plans to increase its stake in the nuclear power joint venture with Nuclear Power Corporation of India (NPCIL). Nalco currently holds 26 per cent in the joint venture — NPCIL Nalco Nuclear Power Co Ltd. Nalco is slated to have 49 per cent. The joint venture...
Nalco wants its Indonesia project at port site
The National Aluminum Company Limited (Nalco), which is proposing to set up a smelter and captive power plant in Indonesia with an investment of Rs 16,500 crore, is yet to select a location for its aluminium complex. "The Indian public sector major aluminium company is looking for a suitable site...
Nalco Foundation for a noble cause
Nalco Foundation, the CSR arm of National Aluminium Company Limited is playing its part of Corporate Social Responsibility in Odisha. The company has signed MoUs with Kalinga Institute of Social Sciences (KISS), Koraput Development Foundation (KDF) and Bikash Vidyalaya, for full sponsoring...
Nalco likely to gain access to Orissa bauxite reserves
After waiting some 20 years, India’s largest integrated aluminium refiner, the National Aluminium Company Limited (Nalco), was likely to gain access to the 75-million tons of bauxite reserve at Pattangi, in Orissa. In a communication with the company, the government of Orissa indicated that it had...
Aluminium Biggies in India Hit by Dropping Aluminium Price
Aluminium manufacturing companies like Nalco, Balco and Hindalco’s margins are likely to remain under pressure in the short-term due to declining prices of aluminium in the London Metal Exchange (LME) and higher input costs. “We are offering discount of around Rs 2,500 on domestic published...
NALCO gets nod for Rs 12,000-crore investment in Gujrat
Gujarat government, last week, Okayed the Rs 12,000-crore investment plan by National Aluminium Company in Gujarat to set up an alumina and smelter plant. The approval has cleared the way for Nalco and state-owned Gujarat Mineral Development Corporation to set up a joint venture, a senior official...
NALCO is charging premium Aluminum Price to cope with losses
In the last couple of months, NALCO has been charging a more than $150 per ton premium on its export tenders. Bagra felt that prices would swing between the $2,100 and $2,300 mark until the end of 2012. Reuters had reported on May 11 that NALCO had sold 12,000 metric tons of aluminum ingots at a...
Nalco bags Dun & Bradstreet Award
KOLKATA: National Aluminium Company Limited (Nalco), a navratna PSU under the union ministry of mines, has bagged Dun & Bradstreet's Best PSU Award - 2012 in Non-Ferrous Metal Category. B L Bagra, Nalco's chairman and managing director received the award from Dr. M. Veerappa Moily, union minister...
Odisha to promote MSME and export oriented projects
Encouraged over its record growth in the export performance, the Odisha government has today decided to set up specific projects which will boost both the export and micro small and medium enterprises (MSMEs). This was decided at a meeting chaired by Chief Secretary B K Patnaik here. "We will...
