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 raises aluminium prices by Rs 2,000/T
State-run metal producer National Aluminium Co Ltd (NALCO) has raised aluminium prices by Rs 2,000 ($40.8) per tonne across all products, said Ansuman Das, commercial director at the company. The price was revised for the domestic market after prices rose overseas, he told Reuters on Thursday. The...
Aluminium's energy nightmare
The message came loud and clear from Planning Commission deputy chairman Montek Singh Ahluwalia that a power intensive industry like aluminium will do well to be sharply focussed on process improvements to economise on energy consumption per unit of metal smelted. This is because industry should...
Fluctuations in world aluminium capacity
For its size and multi-country production facilities, frequent technology updates and a balance sheet making it a “confident company in a nervous world,” Alcoa of the US is seen as bellwether of the world aluminium industry. Therefore, when Alcoa reported a loss in the final quarter of 2011, the...
India's NALCO sells aluminium at $96/T premium over LME
Indian state-run National Aluminium Co Ltd (NALCO) sold 9,000 tonnes of aluminium ingots at close to $96 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said on Thursday. The metal will be shipped in six batches of 1,500 tonnes...
India's NALCO sells 30,000 T alumina at $318/T
India's state-run National Aluminium Co Ltd (NALCO) sold 30,000 tonnes of alumina for around $318 a tonne free-on-board via a tender, a senior company official said on Tuesday. The alumina to be shipped next month was purchased by a European trader, Ansuman Das, commercial director at NALCO, told...
GMDC board to decide on JV with Nalco for aluminium project
State-owned Gujarat Mineral Development Corporation (GMDC) today said its board will take a decision next month on setting up an alumina plant and aluminium smelter project in joint venture (JV) with the Navratna PSU Nalco. Nalco, a leading aluminium producer, recently had qualified as the sole...
NALCO officers to go on hunger strike
BS reported that the officers’ association of National Aluminium Company have decided to go on hunger strike from January 30 due to lack of response from the company management on issues like salary, perks, leave, house rent and promotions. “Office bearers have expressed to go on hunger strike from...
NALCO to finalise coal supplier for Indonesian project in February
State-run NALCO is set to finalise a deal with a miner by next month for supply of coal to its $ 3.8 billion aluminium-cum-power project in Indonesia. "We are looking at a coal mine basically to provide coal to our power and smelter project there (Indonesia). We need 5 MTPA for 25 years. We have...
Aluminium companies' shares trade firm in a weak market; brokerages bullish on Hindalco, Nalco
Shares of aluminium majors like Nalco and Hindalco are trading firm in a weak market on reports of pick-up in demand for the metal and approvals of various stimulus plans by governments across the globe. The has resulted in a substantial improvement in average global aluminium prices since June...
India's NALCO issues 30,000 Tonnes alumina for export tender
Indian state-run National Aluminium Company (NALCO) has issued a tender for export of 30,000 tonnes of alumina for delivery next month on FOB basis, a senior company official said on Tuesday. The last date for submission of bids is Jan. 17, Ansuman Das, director, commercial, told Reuters. NALCO,...
Nalco hikes prices; auto kit firms to be hit
The National Aluminium Company has increased price of aluminium sold in India by Rs 2,000 effective from January 3 to Rs 137,200 per tonne. A senior company official said the company has rolled back the discount offered in December thus effectively hiking prices by Rs 2,000 per tonne. “We will wait...
Achievement of NALCO in 2011
NALCO signed a MoU with Indian Rare earths ltd a PSU under Department of Atomic Energy, for making value added products from beach sand minerals, which would subsequently be used for making titanium and allied products. The MoU was signed by CMD of NALCO and CMD of IREL in Bhubaneswar, on January...
National Aluminium Company (Rs 52.9): BUY
We recommend a buy in the stock of National Aluminium Company (Nalco) from a short-term perspective. It is evident from the charts of the stock that since encountering resistance at Rs 120 in March 2011, the stock has been on a long-term downtrend. Medium-term trend is also down for the stock....
Odisha: Madhukar Gupta & Ghanshyam Amin Join NALCO board
The Board of National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India, has been strengthened with the appointment of Shri Madhukar Gupta, IAS (retd) and Shri Ghanshyam Hiralal Amin as Independent Directors for a period of three years. Shri Gupta is the...
Sterlite Industries may be asked to buy residual government stake in Balco
The government will soon ask Sterlite Industries to make an offer to buy out its residual 49% stake in Bharat Aluminium Company Ltd, or Balco. Sterlite had acquired 51% stake in the company in a strategic sale by the government in 2001 for Rs 551 crore. "A formal proposal is being sought from...
Nalco may face action of pollution board
National Aluminium Company (Nalco) is likely to face stern action from the State Pollution Control Board (SPCB) if it fails to meet the February-end deadline set by the pollution watchdog for coming out with an alternative ash pond for dumping its fly ash. While the aluminium major had sought time...
Nalco's margins to remain under pressure
Despite rupee fall cushioning the revenue decline and expectations of aluminium prices improving, raw material costs may keep a tab on profitability. The Nalco stock has lost over half its value since March 2011 due to declining aluminium prices on account of the global uncertainty, and weak...
Only 50% of fly ash utilized in 2010-11
Fly ash utilization in the state has left a lot to be desired as only half of the total fly ash generated was utilized in 2010-11. According to information provided by state energy minister Atanu Sabyasachi Nayak in the state assembly, 27 coal-based power plants generated 21.18 million tonnes of...
