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Only 50% of fly ash utilized in 2010-11
21 DEC 20112MINS

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...

Nalco to buy 25% in MEC Coal by March
19 DEC 20112MINS

Nalco to buy 25% in MEC Coal by March

India’s largest public sector aluminium producer National Aluminium Company is in the process of acquiring around 25 per cent stake in MEC Coal by March 2012 for an undisclosed sum. A member of the company’s board of directors told Financial Chronicle Nalco has already shortlisted MEC Coal for...

India's NALCO offers $38/T discount across products
19 DEC 20111MINS

India's NALCO offers $38/T discount across products

India's state-run National Aluminium Co or NALCO has offered a discount of 2,000 rupees ($37.9) per tonne across all products in the domestic market. It raised prices by 2,500 rupees a tonne early this month. The move was prompted by changes in London Metal Exchange (LME) rates, Ansuman Das,...

Nalco Smelter bags National Energy Conservation Award
18 DEC 20111MINS

Nalco Smelter bags National Energy Conservation Award

Smelter Plant of Navaratna PSU National Aluminium Company Limited (NALCO) has bagged the prestigious National Energy Conservation Award for 2011. NALCO?s smelter received the award for its contribution in energy conservation, primarily in reduction of DC energy and HFO consumption in Potlines and...

Centre asked to take up Nalco lease issue with Odisha
18 DEC 20113MINS

Centre asked to take up Nalco lease issue with Odisha

A parliamentary panel has expressed displeasure over delays in Nalco's expansion plans mainly due to failure to get leases for bauxite and coal mining in Odisha, and has asked the Mines Ministry to take up the matter at the highest level with the state government. Investment to tune of Rs 6,500...

Odisha-based PSU Nalco Smelter bags National Energy Conservation Award
15 DEC 20111MINS

Odisha-based PSU Nalco Smelter bags National Energy Conservation Award

The Smelter Plant of National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has bagged the prestigious National Energy Conservation Award for the year 2011. Shri B.L. Bagra, Chairman-cum-Managing Director, NALCO, received the award from Shri Sushil...

Aluminium sector bottoming out; Buy Hindalco, Nalco: IIFL
15 DEC 20113MINS

Aluminium sector bottoming out; Buy Hindalco, Nalco: IIFL

IIFL has come out with its report on aluminium sector. The research firm recommends investors to buy Hindalco & NALCO . Depreciating rupee to cushion impact of lower commodity prices: Aluminium prices have tumbled from its highs hit earlier in the year (29% from peak) on worries about the strength...

Alumina volumes to surge in FY13E
15 DEC 20111MINS

Alumina volumes to surge in FY13E

NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...

Alumina volumes to surge in FY13E
15 DEC 20111MINS

Alumina volumes to surge in FY13E

NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...

Alumina volumes to surge in FY13E
15 DEC 20111MINS

Alumina volumes to surge in FY13E

NALCO commissioned a 0.52mtpa alumina refinery in Q2 FY12, raising its alumina capacity to 2.1mtpa. The company produced ~30,000-40,000 tons of alumina during Q2 FY12, which is expected to increase to 0.12million tons in H2 FY12. We expect alumina production to increase from 1.6 million tons in...

Nalco yet to make headway on Orissa expansion
09 DEC 20112MINS

Nalco yet to make headway on Orissa expansion

Nalco awaits allotment of land and water from the Orissa government. State-owned National Aluminium Company Limited (Nalco) is still awaiting allotment of land and water by the Orissa government for its proposed 0.5-million tonne aluminium smelter plant involving an estimated investment of Rs...

Aluminium majors expect LME prices to move up
07 DEC 20113MINS

Aluminium majors expect LME prices to move up

Indian aluminium majors are hopeful that the price of the metal on the London Metal Exchange (LME) may rise in the coming weeks as Euro zone leaders gear up to align their positions on centralised control of the euro zone budgets to fire-fight the debt crisis. After being on a steady decline for...

Gujarat to decide on Nalco-GMDC partnership in 2 months
30 NOV 20112MINS

Gujarat to decide on Nalco-GMDC partnership in 2 months

The Gujarat Government is likely to take a call in the next two months on whether GMDC should form a joint venture with Nalco or sign a long-term non-plant grade bauxite supply agreement with the Navratna behemoth for the proposed manufacturing facility in Kutch district. “The expressions of...

Nalco to dump fly ash in abandoned quarries
30 NOV 20112MINS

Nalco to dump fly ash in abandoned quarries

National Aluminium Company which has come under attack from the State Pollution Control Board (SPCB) for recurring incidents of ash pond slippage has proposed to dump its fly ash in abandoned stone quarries. As a long-term measure for efficient management of fly ash disposal, the aluminium major is...

NALCO battling crisis on Bauxite,refinery fronts
29 NOV 20111MINS

NALCO battling crisis on Bauxite,refinery fronts

Citing impediments on the way of the firm's progress,Mines Minister Dinsha Patel said Utkal E block with 67.4 million tonnes reserves alloted by the Coal Ministry in 2004 could not be developed so far for want of land acquisition by state government. Also, investment to tune of Rs 6,500 crore for...

NALCO expects 3-fold rise in exports; to revamp Vizag facility
27 NOV 20112MINS

NALCO expects 3-fold rise in exports; to revamp Vizag facility

Expecting a three-fold increase in alumina exports to about 3 million tonne per annum (MTPA) in the next three years, state-run NALCO is set to revamp its port handling facility at Visakhapatnam. "We expect alumina exports to attain a peak of 2.7 MTPA by 2014-15 and will soon revamp the existing...

OSPCB fumes overs frequent Nalco ash pond leaks
24 NOV 20111MINS

OSPCB fumes overs frequent Nalco ash pond leaks

Orissa State Pollution Control Board (OSPCB) has warned National Aluminum Company (Nalco) over the frequent leakage polluted water from the ash pond of the company’s captive power plant at Angul. The pollution watchdog cautioned that it would stern action against the company if it fails to manage...

Nalco regulates power to plant
23 NOV 20111MINS

Nalco regulates power to plant

With the strike of contractual workers entering the sixth day on Monday, the Nalco management began regulating power supply to the operating aluminium-producing pots in the smelter plant since evening. The power regulation will impact aluminium production. “We managed the two plants for six days...