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National Aluminium Company Limited
16 SEPT 20111MINS

National Aluminium Company Limited

National Aluminium Company Limited has informed the Exchange that "Shri G.P. Joshi and Shri S.S. Khurana have been appointed as Part-time Non-official Directors of the Company vide Order F. No.2(2)/2010-Met.l dated 15.09.2011 of Ministry of Mines, Government of India".

Orissa: NALCO employees seek Centre’s intervention to address coal crisis
16 SEPT 20111MINS

Orissa: NALCO employees seek Centre’s intervention to address coal crisis

The employees of National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Govt of India have urged the Centre to come up with a comprehensive plan to stop the recurrence of coal crisis in NALCO. N.K. Samal, the Working President of NALCO Employees’ Sangha (INTUC),...

India's NALCO finalizes 300,000T alumina export deal
15 SEPT 20111MINS

India's NALCO finalizes 300,000T alumina export deal

Indian state-run National Aluminium Co Ltd has finalized a long-term contract for export of 300,000 tonnes of alumina at about 16 percent of the LME aluminium price on an FOB basis, a company official said on Thursday. "The European buyer will receive the alumina in batches between January to...

Nalco resorts to coal import to overcome crisis
15 SEPT 20112MINS

Nalco resorts to coal import to overcome crisis

The Navratna PSU National Aluminium Company Limited (NALCO) has placed order to import two lakh tonnes of coal to tide over the short supply of coal due to heavy rain and floods in Orissa. The imported coal would start arriving after a week, sources said. Nalco is sourcing coal from Mahanadi...

National Aluminium Company Limited shares fall over 11% on output cut
13 SEPT 20111MINS

National Aluminium Company Limited shares fall over 11% on output cut

Shares in India's state-run National Aluminium Co Ltd (NALCO) fell over 11 per cent in early trades after a senior company official said on Saturday that the company had to cut it's daily aluminium output by about 6 per cent due to insufficient power supply. At 9.41 a.m., shares were at 62.55...

NALCO temporarily cuts daily output on power shortage
12 SEPT 20111MINS

NALCO temporarily cuts daily output on power shortage

Insufficient power supply has forced state-run National Aluminium Co Ltd (NALCO) to cut its daily aluminium output by about 6 per cent, a senior company official said on Saturday. The disruption caused by a scarcity of coal however will not affect the company's quarterly or yearly output target...

 NALCO sells aluminium billets at $150/T premium over LME
08 SEPT 20111MINS

NALCO sells aluminium billets at $150/T premium over LME

NALCO, whose tenders serve as a global benchmark, last sold 1,500 tonnes of aluminium billets in July to an Australian firm at $150 per tonne premium over the average LME cash price.

India's NALCO sells aluminium at nearly $102/T premium over LME
08 SEPT 20111MINS

India's NALCO sells aluminium at nearly $102/T premium over LME

Indian state-run National Aluminium Co. Ltd sold 7,500 tonnes of aluminium ingots at nearly $102 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said on Thursday.

NALCO signs 5th long term wage settlement with employees
08 SEPT 20111MINS

NALCO signs 5th long term wage settlement with employees

National Aluminum Company has signed its 5th Long Term Wage Settlement with employees under five of the companies recognized unions. This includes Nalco Mines Mazdoor Sangha, Bauxite Mines; Nalco Mazdoor Sangha, Alumina Refinery, Damanjodi; Nalco Employees Sangha, Smelter Plant, Angul; Nalco Non...

NALCO to complete studies on Indonesia coal mines this month
07 SEPT 20112MINS

NALCO to complete studies on Indonesia coal mines this month

State-run NALCO, which plans to set up a 1,250-MW power project and an aluminium smelter in Indonesia, will complete due diligence on a proposal for sourcing coal for the projects by the end of this month, a senior company official said. "We are in the process of evaluating the reserves of two coal...

Battle for bigger share of the white metal
06 SEPT 20112MINS

Battle for bigger share of the white metal

Aluminium industry officials agree this country’s requirements of the white metal will continue to rise annually at a pace much higher than our growth in gross domestic product (GDP). The government is targeting an annual GDP expansion of nine per cent during the 12th Plan, beginning April 2012. B...

NALCO - Fixes Book Closure for Dividend & AGM
06 SEPT 20111MINS

NALCO - Fixes Book Closure for Dividend & AGM

National Aluminium Company Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from September 20, 2011 to September 22, 2011 (both days inclusive) for the purpose of Payment of Dividend & 30th Annual General Meeting (AGM) of the Company to be...

Nalco’s Iran power project on backburner as lenders wary
05 SEPT 20112MINS

Nalco’s Iran power project on backburner as lenders wary

State-run giant National Aluminium Company (Nalco) has virtually shelved its plans to set up a 3,00,000 tonne smelter and a power plant in Iran due to financial crunch and the reluctance of lenders in providing money due to the country’s “geo-political situation.” The project was announced in 2007...

Nalco Chairman & MD on Metal prices
02 SEPT 20111MINS

Nalco Chairman & MD on Metal prices

"Last two days the metal price is recovering. We feel that next two to three months it will range between $2,300-2,500 per tonne. Yesterday it was $2,400," Bagra told Reuters. The basic price of standard aluminium ingots after the latest revision has been increased to 139,700 rupees per tonne....

India's NALCO issues tender to buy 225,000 T coal
02 SEPT 20111MINS

India's NALCO issues tender to buy 225,000 T coal

India's state-run National Aluminium Company (NALCO) has issued a global tender to buy 225,000 tonnes of non-coking coal, a senior company official said on Friday. The last date for submission of bids is Sept. 12, said the official, who is close to the tendering process but could not be named due...

Nalco gains on buzz of hiking aluminium prices
02 SEPT 20111MINS

Nalco gains on buzz of hiking aluminium prices

National Aluminium Company rose 2.52% to Rs. 65.20 at 10:46 IST on BSE on reports the company has raised aluminium prices by Rs. 2,000 per tonne across all products. State-run aluminium maker National Aluminium Company's (Nalco) net profit surged 32.7% to Rs. 376.84 crore on 34.2% rise in net sales...

Nalco (NLC) Could Fall Through $35.23 Support Level
01 SEPT 20111MINS

Nalco (NLC) Could Fall Through $35.23 Support Level

Nalco (NYSE:NLC) closed Tuesday's meandering trading session at $36.41. In the past year, the stock has hit a 52-week low of $22.32 and 52-week high of $37.34. Nalco (NLC) stock has been showing support around $35.23 and resistance in the $37.15 range. Technical indicators for the stock are...

India's NALCO issues 7,500 T aluminium exports tender-source
01 SEPT 20111MINS

India's NALCO issues 7,500 T aluminium exports tender-source

India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 7,500 tonnes of aluminium ingots, a senior company official said on Tuesday. The last date for submission of bids is Sept. 6, the official, who is familiar with the process but could not be named due to company...