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National Aluminium Shares Drop After CBI Arrests Chairman
28 FEB 20111MINS

National Aluminium Shares Drop After CBI Arrests Chairman

...National Aluminium Co., India’s second-biggest producer, fell the most in more than two years in Mumbai trading after federal investigators said they arrested the company’s chairman in a bribery investigation...

National Aluminium Shares Drop After CBI Arrests Chairman
28 FEB 20111MINS

National Aluminium Shares Drop After CBI Arrests Chairman

...National Aluminium Co., India’s second-biggest producer, fell the most in more than two years in Mumbai trading after federal investigators said they arrested the company’s chairman in a bribery investigation...

Nalco to miss alumina production target
24 FEB 20111MINS

Nalco to miss alumina production target

...Bhubaneswar, Feb 23 (IANS) The state-owned National Aluminium Company Ltd (Nalco) will miss its target to produce 16.80 lakh tonnes of alumina in the current financial year ending March, a senior company official said Wednesday...

NALCO faces threat of output cut - Report
24 FEB 20111MINS

NALCO faces threat of output cut - Report

...Reuters reported that NALCO of India may have to cut output in 10 days if coal supply disruption continues in eastern Orissa state...

Nalco cuts rates by Rs 1,000 to beat import price
22 FEB 20111MINS

Nalco cuts rates by Rs 1,000 to beat import price

...National Aluminum Company (Nalco) on Tuesday slashed aluminium prices by Rs 1,000 per tonne to around Rs 1,44,000 effective from Wednesday, in line with landed aluminium prices...

NALCO Presents Dividend Cheque to Mines Minister
22 FEB 20111MINS

NALCO Presents Dividend Cheque to Mines Minister

...The Navratna public sector, National Aluminium Company Limited (NALCO) handed over a dividend cheque of Rs. 112.29 crore here today to the Minister of Mines, Shri Dinsha J. Patel on the 87.15% shares (amounting to Rs. 561.50 crore) held by the Government of India. ..

NALCO sells aluminum at USD 107 per tonne premium over LME
21 FEB 20111MINS

NALCO sells aluminum at USD 107 per tonne premium over LME

...Reuters reported that India's National Aluminum Company Limited sold 7,500 tonnes of aluminium ingots at USD 106.51 per tonne premium over the average LME cash price on a cost, insurance and freight basis. The senior official said that the buyer, Switzerland based Alaska Metals will get the...

NALCO floats 7500 tonnes aluminum export tender
14 FEB 20111MINS

NALCO floats 7500 tonnes aluminum export tender

...ET reported that India's state run National Aluminium Company Limited has issued a tender to export 7,500 tonnes of aluminium ingots. The official, who is close to the tendering process, said that the last date for submission of bids is February 15th 2011...

NALCO declares 20pct interim dividend
07 FEB 20111MINS

NALCO declares 20pct interim dividend

... ET reported that Navaratna PSU National Aluminum Company Limited declared an interim dividend of 20%. An official release said that the NALCO board approved the payment at the rate of INR 2 per share on the paid up equity share capital of INR 644.31 crore for the year 2010 to 2011. ....

Nalco shines after raising prices
04 FEB 20111MINS

Nalco shines after raising prices

... National Aluminium Company rose 2.10% at Rs. 416.65 at 12:20 IST on reports the firm has increased the price of aluminium by nearly 5% or Rs. 6,000 a tonne to about Rs. 1.21 lakh a tonne effective 1 February 2011 due to firming up of global prices. ...

Sell NALCO; target of Rs 320: PINC Research
03 FEB 20111MINS

Sell NALCO; target of Rs 320: PINC Research

... “In Q3FY11, Nalco's revenues increased by 2% YoY to Rs 14.4 billion on higher LME aluminium (up 19% YoY to USD2,338/t) even though metal sales declined 12% YoY to 104kt. EBITDA grew 32% YoY to Rs 3.9 billion & OPM expanded 610bps to 27.0%. PAT rose 65% YoY to Rs 2.6 billion aided by lower tax...

Sell Nalco - Motilal Oswal
03 FEB 20111MINS

Sell Nalco - Motilal Oswal

... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...

Sell Nalco - Motilal Oswal
03 FEB 20111MINS

Sell Nalco - Motilal Oswal

... Nalco's 3QFY11 PAT increased 14% QoQ to Rs2.56b, lower than our estimate, due to increased operating costs and lower sales of aluminum and alumina. ... Average 3QFY11 LME aluminum prices rose 12% QoQ to US$2,357 (up 16% YoY). Alumina traded up 11% QoQ at US$353. ...

National Aluminium Company
03 FEB 20111MINS

National Aluminium Company

... The signs of recovery as regards alumina and aluminium prices have also benefited NALCO's performance. During the quarter, the average sales realization from calcined alumina had gone up by 34% to US$ 356 from US$ 266 and the average sales realization from aluminium metal jumped by 18% to US$...

National Aluminium Company
03 FEB 20111MINS

National Aluminium Company

... The signs of recovery as regards alumina and aluminium prices have also benefited NALCO's performance. During the quarter, the average sales realization from calcined alumina had gone up by 34% to US$ 356 from US$ 266 and the average sales realization from aluminium metal jumped by 18% to US$...

NALCO hikes aluminium prices by INR 6000 per tonne
03 FEB 20111MINS

NALCO hikes aluminium prices by INR 6000 per tonne

... National Aluminium Company said that it has increased the price of the metal by nearly 5% or INR 6,000 to around INR 121,000 a tonne in sync with the firming up of the global prices. ....

Nalco profits up 65%
02 FEB 20111MINS

Nalco profits up 65%

... National Aluniminum Company (Nalco) reported a 64.93% increase in net profit at INR2.5bn ($54.5M) for the quarter ended December 31 due to higher sales. ...

India Nalco to complete 525000 mt/year alumina expansion late Feb?
02 FEB 20111MINS

India Nalco to complete 525000 mt/year alumina expansion late Feb?

... India's National Aluminium Company is expecting to complete a 525,000 mt/year expansion of its alumina plant at Koraput in Orissa by late February, with test runs slated for March and output from April, a company source said Tuesday. ...