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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India's NALCO sells 30,000 T alumina at $323/T
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina at close to $323 a tonne free-on-board via a tender, a senior company official told Reuters. The alumina, which will be shipped this month, was purchased by a European trader, Nalco's commercial director Ansuman Das...
India's NALCO Raises Aluminum Prices by 1,500 Rupees/T
India's state-run National Aluminum Co Ltd (NALCO) raised prices by 1,500 rupees ($30.5) per tonne for all products, said Ansuman Das, commercial director at the metal producer. It raised prices in tandem with overseas markets, he told Reuters. The basic price of standard aluminum ingots after the...
NALCO to finalise Gujarat refinery in a month
State-run National Aluminium Co Ltd (NALCO) is likely to finalise within a month a deal to set up an alumina refinery in Gujarat, chairman B.L. Bagra said. Gujarat had last year invited bids for a refinery and smelter in the state and committed to supply bauxite, a key raw material, at a...
India’s National Aluminium Co (Nalco) is open to bids for alumina from Vedanta Aluminium, according to Nalco chairman BL Bagra
Bagra was speaking after a senior official from Vedanta Aluminium told Metal Bulletin that Nalco always rejected its bids, even when it believed it was offering the highest price. Vedanta Aluminium, which operates a 500,000-tpy aluminium smelter at Jharsuguda in Orissa, has not been able to source...
India's NALCO issues 30,000 T alumina export tender
Indian state-run National Aluminium Co Ltd has issued a tender for export of 30,000 tonnes of alumina for delivery next month on free-on-board (FOB) basis, a senior company official said on Tuesday. The last date for submission of bids is March 5, said Ansuman Das, director, commercial. NALCO,...
India's investment in aluminium on track as prices set to rise
Rising costs in the aluminium business and sluggish market conditions have crimped the margins of aluminium firms in India. Though three firms in the sector have posted a decline in third quarter earnings, new investments in ramping up production are clearly on track. Aluminium, on the London Metal...
India's NALCO offers $30 discount on aluminium products
India's state-run National Aluminium Co Ltd (NALCO) has offered a discount of 1,500 rupees ($30.45) per tonne on major categories of aluminium products, a company official said on Thursday. The latest move was prompted by changes in London Metal Exchange (LME) rates, said Ansuman Das, commercial...
NALCO to invest Rs 900 cr in nuclear power business by 2012-13
State-owned aluminium major NALCO plans to spend Rs 900 crore by next fiscal on nuclear power ventures, for which it had signed a joint-venture agreement with Nuclear Power Corporation of India Ltd (NPCIL) in November. As per the plan, the investments will be made on unit 3 and 4 of Kakarapar...
Sell National Aluminum Company - Elara Capital
National Aluminium (Nalco) reported its Q3FY12 numbers far below our as well as street estimates. The lower than anticipated performance was a result of lower volume sales, decline in the LMEs and higher wage costs. The revenues for the quarter increased 0.4% YoY but declined 11.4% QoQ on the back...
Minister says no bauxite mining without tribal people’s consent
Tribal Welfare Minister P.Balaraju has said that the Government would take into consideration the feelings of the tribal people living in the agency area of Visakhapatnam district, before allowing mining of bauxite reserves. At a press conference here on Sunday, Mr. Balaraju denied reports that the...
Power Grid Corp in talks with Nalco, RINL for joint ventures
Power transmission utility Power Grid Corp. of India Ltd (PGCIL) is in talks with other state-controlled companies, including National Aluminium Co. Ltd (Nalco) and Rashtriya Ispat Nigam Ltd (RINL), to form joint ventures (JVs) to make conductors and towers. PGCIL is also exploring the possibility...
India's NALCO sells 30,000 tonnes Alumina at $324/T
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina for about $324 a tonne free-on-board via a tender, a senior company official said on Thursday. The alumina to be shipped next month was purchased by a Hong Kong-based trader, Ansuman Das, commercial director at NALCO,...
Nalco share price alert
PINC Research is bearish on National Aluminium Company (NALCO) and has recommended sell rating on the stock with a target of Rs 42 in its February 6, 2012 research report. "NALCO, despite 10% YoY decline in LME aluminium prices to USD2,095/t and 5% YoY fall in aluminium sales volumes, NALCO's...
Nalco to invest Rs300 crore in nuclear project by March
National Aluminium Co Ltd (Nalco) will start investing equity into its joint venture with Nuclear Power Corporation of India Ltd (NPCIL) from the current quarter. Nalco would invest Rs300 crore this quarter in the JV, which was signed in November 2010 to set up nuclear plants in the country. Under...
Rising energy bill may lead to production cut :NALCO
The impact of higher raw material costs and lower aluminium prices resulted in an 80% drop in profit for Nalco. And even though the price of aluminium has improved since the beginning of January, it is still significantly lower than the same period last year. This leaves the country's largest...
National Aluminium Profit Falls More Than Expected on Prices
National Aluminium Co. (NACL), India’s biggest state-owned producer, posted a more-than-expected 80 percent decline in third-quarter profit as prices of the metal fell and energy costs surged. Net income fell to 512.2 million rupees ($10.4 million), or 0.2 rupee a share, in the three months ended...
National Aluminium Co Plans INR23 Bln Capex For Next Fiscal Year
India's state-run National Aluminium Co. Ltd. (532234.BY) has planned a capital expenditure of INR23 billion for the financial year beginning April 1, its chairman said on the ET Now television channel. B.L. Bagra said the major chunk of investment would go to building a nuclear power generation...
Mr. N R Mohanty takes charge as Nalco director
Mr N.R. Mohanty today joined as Nalco Director (Projects & Technical). Mr Mohanty, who was General Manager (Smelter) in National Aluminium Company Ltd (Nalco) at Angul, took charge as Director on superannuation of Mr P.K. Padhi, company sources said. Mr Mohanty has rich and varied experiences of...
