Nalco bauxite

Nalco Eyeing Merchant Mining Of Overseas Bauxite, Diversification Into Cobalt And Lithium

Nalco Eyeing Merchant Mining Of Overseas Bauxite, Diversification Into Cobalt And Lithium

India’s National Aluminium Company (Nalco) will soon be branching out into merchant mining as part of its broader diversification strategy, as well as possibly obtaining cobalt and lithium assets overseas. In an interview with domestic media, Nalco’s chairman and managing director Dr....

Events

India’s Domestic Aluminium Demand to Outpace GDP: Nalco’s Chand

In an interview with domestic media, the Chairman and Managing Director of India’s National Aluminium Company (NALCO) predicted that the company’s gains in the coming months and years are likely to come from the infrastructure, power transmission, and construction sectors. Dr. Tapan Kumar Chand told the India Times that Nalco is preparing to boost output […]

Nalco Turns In Lower Numbers for First Quarter of FY2017

Although production in the first quarter of the current fiscal year grew by ten percent year-on-year, National Aluminium Company Limited’s (Nalco) bottom line declined by almost one quarter in the same period. The firm reported a net profit between April and June of INR135 crore, down year-on-year from INR174.3 crore. Revenue increased 3.87% year-on-year, to […]

Nalco’s Bottom Line Sound Despite Difficulties in Global Market: Chand

Dr. Tapan Kumar Chand, chief of India’s state-owned aluminium firm National Aluminium Company Limited (Nalco), said his firm is financially sound despite the amount of struggling smelters in the industry. “Nalco has remained profitable all through by successfully handling the market downturn, by maximising bauxite mining and alumina refining, adding new pots and augmenting production, […]

Nalco Wins Mining Lease at Pottangi Bauxite Mines

India’s National Aluminium Company Limited (NALCO), announced today that it has been granted a mining lease for Odisha’s Pottangi Bauxite Mines, which is close in proximity to the firm’s 2.275 million metric ton alumina refinery. The lease, which is issued by Odisha’s Department of Steel & Mines, covers an area of about 4,295 acres for a […]

Nalco Banking on Ten Percent Growth in Bauxite Output This Year

India’s National Aluminium Company Limited (NALCO) is planning to experience 10% growth by the end of the current fiscal year, according to remarks made by Nalco’s Chairman and Managing Director Tapan Kumar “T. K.” Chand last Wednesday. “By end of 2015-16, the production is likely to be at the level of 63 lakh tonnes [6.3 […]