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India NALCO tenders to export 7500 T of aluminium ingots
18 OCT 20111MINS

India NALCO tenders to export 7500 T of aluminium ingots

India's state-run National Aluminium Co on Monday issued a tender to export 7,500 tonnes of aluminium ingots, commercial director Ansuman Das said on Monday. The last date for submission of bids is Oct 25. The metal would be shipped in six batches of 1,250 tonnes each from November to April, he...

Nalco's rush to put an end to its smelter troubles
12 OCT 20115MINS

Nalco's rush to put an end to its smelter troubles

The long search of an ideal site for building a new 500,000-tonne smelter by National Aluminium Company (Nalco) is a statement of the many hurdles to be overcome to make good use of available natural resources in Orissa. The point not to be missed here is the experience of a company, 87.15 per cent...

Mining bill won't hurt, will boost business setup: NALCO
10 OCT 20111MINS

Mining bill won't hurt, will boost business setup: NALCO

In an interview to CNBC-TV18, BL Bagra, director finance at NALCO says the new Mines and Minerals (Development and Regulation) MMRD Act is unlikely to hurt much, since the business environment it is likely to create, he says in due course of time will make the company’s business proposition better....

NALCO gets CAPEXIL export award
07 OCT 20111MINS

NALCO gets CAPEXIL export award

Navaratna PSU National Aluminium Company Limited (NALCO) has bagged top export award of CAPEXIL, for its outstanding export performance during 2010-11. During the fiscal 2010-11, NALCO exported 639,855 MT alumina and 98,200 MT aluminium to different countries earning Rs 2,065 crore. The company is...

Expect royalty payout to double due to new mining bill: BL Bagra, NALCO Ltd
07 OCT 20111MINS

Expect royalty payout to double due to new mining bill: BL Bagra, NALCO Ltd

Mr.Bagra,Nalco CMD says in an interview that as far as NALCO is concerned,their annual payment of royalty on the bauxite, which they are mining presently is in the range of Rs 60 crores. However, that was based on the pre-expanded capacity. Now that their second phase of expansion of alumina...

NALCO to attain full aluminum production level by October
07 OCT 20111MINS

NALCO to attain full aluminum production level by October

With coal supply well on the path of recovery, National Aluminum Company Limited announced that it was all set to achieve full production levels by the end of October. Mr BL Bagra CMD of Nalco said that the aluminum major has started rebuilding on production stock as supplies have resumed from...

National Aluminium Company to invest $4 bn in Indonesia
07 OCT 20111MINS

National Aluminium Company to invest $4 bn in Indonesia

India's state-run National Aluminium Co Ltd (NALCO) will invest $4 billion in an aluminium smelter and power plant in Indonesia's East Kalimantan province, Indonesia's trade minister said on Tuesday. The smelter will have annual capacity of 500,000 tonnes, Indonesian Trade Minister Mari Pangestu...

Nalco looks to rope in strategic investors for Indonesian project
01 OCT 20112MINS

Nalco looks to rope in strategic investors for Indonesian project

National Aluminium Company (Nalco), a navratna company under the Union ministry of mines is looking to rope in one or two strategic investors for its proposed aluminium smelter plant in Indonesia. The aluminium major will form a fully owned subsidiary for its Indonesian project and later hive off...

ALUMINA SCENARIO
30 SEPT 20112MINS

ALUMINA SCENARIO

NALCO CMD Shri B.L. Bagra,mentioned the following points about Alumina at the 30th Annual General Meeting, held at Corporate Office on 29th September 2011. The global aluminium industry in 2010 was affected by diverse multifaceted economic, political, structural and fundamental factors that had a...

NALCO targets Rs.25,000 crore turnover by 2020
30 SEPT 20111MINS

NALCO targets Rs.25,000 crore turnover by 2020

Aiming to become an important global player in metal and energy sectors, aluminium major National Aluminium Company Limited (NALCO) is targeting a turnover of Rs. 25,000 crore by 2020 with ambitious diversification and expansion plans involving an investment of Rs. 40,000 crore. “As per its Vision...

NALCO plans to diversify into nuclear power
30 SEPT 20112MINS

NALCO plans to diversify into nuclear power

State-run aluminium major NALCO today said it plans to diversify into nuclear power generation by investing Rs 11,450 crore jointly with Nuclear Power Corporation of India in a project. Addressing at the annual general meeting, NALCO CMD B L Bagra said that the company has identified Kakarapar...

NALCO issues 9000 tonnes aluminium ingots export tender
28 SEPT 20111MINS

NALCO issues 9000 tonnes aluminium ingots export tender

India's state run National Aluminium Company Limited has issued a tender to export 9,000 tonnes of aluminium ingots. Mr Ansuman Das commercial director of Nalco said that the last date for submission of bids is Sept. 28. The metal would be shipped in 6 batches of 1,500 tonnes each from October to...

NALCO losing Rs 1 cr/day due to coal shortage
28 SEPT 20112MINS

NALCO losing Rs 1 cr/day due to coal shortage

State-run aluminium producer NALCO is facing a production loss of about Rs 1 crore per day due to coal shortage, a company official said on Monday. "We are losing about Rs 1 crore per day due to coal shortage ... the production has to be scaled down as there has been very less availability of coal...

Hindalco Industries: Buy
26 SEPT 20111MINS

Hindalco Industries: Buy

The domestic aluminium operations with better margins will be the key driver for both sales and profit growth. Investors with a long-term perspective can consider buying shares in aluminium major, Hindalco Industries, despite upheavals in the global economy and the likely pressure on commodity...

Sixty more pots shut down
26 SEPT 20112MINS

Sixty more pots shut down

Faced with further cut in power supply, the National Aluminium Company (Nalco) has shut down another 60 aluminium making pots at its smelter plant here. With this, a total of 120 pots have now gone out of operation out of 960 pots in the smelter plant. The company had shut down 60 pots two weeks...

India's aluminium sectors seek spot coal
23 SEPT 20111MINS

India's aluminium sectors seek spot coal

Several tenders and enquiries for imported spot thermal coal about to be awarded by Indian end-users are expected to show low prices due to the high levels of stocks at ports, Indian traders said. India has over 12 million tonnes of thermal coal in stockpiles at its dozen or so coal importing...

Infra hurdles & growth needs
20 SEPT 20112MINS

Infra hurdles & growth needs

It is not a day too soon that Prime Minister Manmohan Singh felt the need to involve himself in sorting ministerial differences on implementation of major infrastructure and industry-related projects. With such projects not getting commissioned on schedule, the 12th Plan (2012-17) growth target of...

Nalco employees seek Centre's intervention to end coal crisis
19 SEPT 20112MINS

Nalco employees seek Centre's intervention to end coal crisis

The employees of National Aluminium Company (Nalco), a Navratna PSU under Union Ministry of Mines have urged the Prime Minister to come up with a comprehensive plan to stop the recurrence of crisis in supply of coal to the company. NK Samal, working president of Nalco Employees’ Sangha, affiliated...