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 urges Odisha based units to exploit Nalco metal
National Aluminium Company Ltd today advised Odisha based ancillary industries to take advantage of the Nalco metal as it will benefit them with lesser transportation cost, VAT credit and timely delivery. This was stated by Nalco's CMD B L Bagra while addressing a meeting of the Plant Level...
Nalco invites business players for industrial park
Nalco has invited entrepreneurs and manufacturers to set up downstream and upstream units at its proposed aluminium park. The park will come up adjacent to its Nalco Smelter Plant at Angul with an aim to increase metal consumption within the state and get benefits for all micro, small and medium...
Angel Broking recommends reduce rating for NALCO
Angel Broking is bearish on National Aluminium Company (NALCO) and has recommended reduce rating on the stock with a target of Rs 54 in its May 21, 2012 research report. “For 4QFY2012, National Aluminium’s (Nalco) profitability was significantly above our expectations; however, we recommend Reduce...
NALCO raises aluminium prices by Rs 4,000 per tonne
India's state-run National Aluminium Co Ltd (NALCO) on Friday said it has raised aluminium prices by Rs 4,000 per tonne across all products in the domestic market. The basic price of standard aluminium ingots after the latest revision increased to Rs 142,700 per tonne, Ansuman Das, commercial...
Nirmal Bang recommends sell rating on 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 May 22, 2012 research report. “National Aluminium Company (NALCO) reported very strong 4QFY12 results, with its EBITDA being 53%/59% above our/street estimates and...
Nalco’s performance suffering due to irregular coal supply
Public sector company National Aluminium Company Ltd (Nalco) reported a lower net profit last year mainly due to the problems it faced in coal supplies. After an analysts conference call, the predominant view of many analysts is that the bearish trend would continue into the current year, too. For...
Aluminium business will continue to be a drag for Nalco
Nalco’s stock has seen high volatility during FY12, trading between 52-week high of Rs 94 (June 2, 2011) and 52-week low of Rs 48 (November 24). While international aluminium prices have been under pressure due to the global crisis, lack of backward integration (coal) added to the woes. Coal...
Nalco to pay 2% final dividend
The National Aluminium Co's board of directors late on Monday recommended a final dividend of Rs 0.10 per share on the revised equity share capital (2 per cent on face value of Rs 5 each) in addition to interim dividend of Rs 0 90 per share, already paid. The public sector company during the...
Nalco reports 21% plunge in net profit in 2011-12
State-owned aluminium major Nalco's net profit plunged by 21% to Rs 849.50 crore in 2011-12 from Rs 1,069.30 crore achieved during the previous year, mainly due to rising cost of fuel and input materials. The 'Navaratna' PSU, however, achieved sales turnover of Rs 6,500.27 crore during the year, up...
NALCO issues 10,000 tonnes aluminium export tender
Indian state-run metals maker National Aluminium Co Ltd has issued a tender to export 10,000 tonnes of aluminium ingots. The last date for submission of bids is May 28, the company said in a posting on its website late on Monday. NALCO, whose tenders serve as a global benchmark, last week sold...
Aluminium prices to hover between $2100-2300/t in FY13: Nalco
State-owned National Aluminium Company (Nalco) has a "comfortable" coal inventory at an average of 18-19 days and should be able to manage the upcoming monsoon season, BL Bagra, CMD and Director (Finance) told CNBC-TV18. Monsoon is typically a slack period for metal companies in general. The PSU...
Nalco reports 7.59 per cent decline in net profit in fourth quarter
State-owned Nalco today reported a decline of 7.59 per cent in net profit at Rs 282.10 crore for the quarter ended March 31, 2012, largely due to higher fuel costs and lower realisations on aluminium sales. The Bhubaneswar-based aluminium major had reported a net profit of Rs 305.26 crore during...
NALCO expects to report 120 crore profit after tax
State-owned NALCO (National Aluminium Company) is expected to report a profit after tax of Rs 120 crore for the fourth quarter of FY12, down 61% as compared to Rs 305.3 crore in a year ago period, according to CNBC-TV18 poll. Net sales are seen going down 6% at Rs 1,674.5 crore from Rs 1,787.5...
NALCO sells aluminium at a premium over the average LME cash price
India's state-run National Aluminium Co on Thursday said it has sold 12,000 tonnes of aluminium ingots at nearly $162 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis to a European trader. The metal would be shipped to the buyer in eight batches of...
State urges Hindalco to promote downstream units
The Odisha government has urged A V Birla controlled Hindalco Industries to promote downstream industries in aluminium sector for employment generation in the state instead of confining itself to aluminium making. “We have asked Hindalco Industries to explore opportunities for promoting downstream...
NALCO plans new alumina projects in the 12th Five Year Plan
Mr Dinsha J Patel minister of mines (Independent Charge) of India informed that major projects proposed to be undertaken in the 12th Five Year Plan by NALCO are 1. Alumina refinery in Andhra Pradesh 2. Aluminium smelter and power plant at Sundargarh, Odisha 3. Alumina refinery in Gujarat 4. Wind...
NALCO sells 12,000 tonnes of aluminium ingots at $160 per ton
India's state-run National Aluminium Co Ltd has sold 12,000 tonnes of aluminium ingots at $160 per ton, a premium over the average LME cash price on a CIF basis, a senior company official said on Thursday. The metal would be shipped to the London-based buyer in six batches of 2,000 tonnes each from...
Odisha agrees to reserve Pottangi mines for Nalco on condition
The state government has agreed to reserve Pottangi bauxite deposit in Koraput district in favour of National Aluminum Company (Nalco) provided the company fulfills certain conditions. “The state government is willing in principle for reservation of Pottangi bauxite deposit area of Koraput district...
