Angul

NALCO To Invest ₹30,000 Crore On Expansions At Angul Aluminium Smelter

NALCO To Invest ₹30,000 Crore On Expansions At Angul Aluminium Smelter

India’s National Aluminium Company (NALCO) is planning to invest over ₹30,000 crore (US$17.7 billion) through 2028 on expanding and diversifying the organization. India’s Union minister for coal and mines Pralhad Joshi made the announcement last week at an anniversary event for the...

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Events

Nalco Records 25% Jump in Net Profit in Closing Quarter of FY2016-2017

Nalco Records 25% Jump in Net Profit in Closing Quarter of FY2016-2017

India’s state-owned metals firm National Aluminium Company Limited (NALCO) released financial numbers for the fourth quarter of FY2016-2017 on Saturday. Growth in production, an uptick in productivity, and stronger sales helped the firm turn a profit in the quarter that ended in March. Nalco showed a year-on-year net profit growth in the quarter of 25.23%, […]

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Nalco Inks Power Deal with Plant to Fuel New Aluminium Smelting Capacity

Nalco Inks Power Deal with Plant to Fuel New Aluminium Smelting Capacity

India’s National Aluminium Company (Nalco) announced an agreement last week to purchase eighty percent of the power produced by the plant proposed to be built at Gajamara. The US$2.1 billion coal-fired plant is a joint venture between Nalco and National Thermal Power Corporation Limited (NTPC) and is expected to generate 2,400 Mw. “Nalco will be […]

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Nalco to Meet Rising Demand with Increased Output: CMD Chand

Nalco to Meet Rising Demand with Increased Output: CMD Chand

India’s National Aluminium Company Ltd (Nalco) is planning on taking advantage of increasing domestic consumption and recovering aluminium prices by increasing output by 3.5%. So says its chairman Tapan Kumar Chand in interviews this week. “Nalco is ramping up this production […] to take advantage of growing consumption in the domestic market, and […] to […]

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Nalco Moves Planned Plant to Angul

Nalco Moves Planned Plant to Angul

India’s National Aluminium Company (Nalco) intends to construct its second aluminium smelter and power station within the confines of its existing plant at Angul and not at Sundergarh as originally planned. The firm says building the plant at the new location will cost US$2.1 billion. Nalco says that of the total cost, the 400 thousand […]

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