Federal Auditors Take Nalco To Task For Weak Performance And Lost Financial Opportunities
India’s state-owned aluminium producer National Aluminium Company Ltd was taken to task last week by the national auditor for failing...
nalco
Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks
Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over...
Nalco To Find Haven In Value-Added Products As Aluminium Prices Level Off
Thanks in part to rising production costs and shrinking prices at the LME, Indian aluminium manufacturers are working towards increasing...
Nalco Appeals Order To Allow Vedanta To Purchase Alumina To India’s Supreme Court
India’s state-run aluminium producer National Aluminium Company Limited (Nalco) has appealed an order by the Odisha High Court ordering it...
Events
Vedanta Files Suit Against Nalco To Tap Into Exported Alumina Stream
Staring the prospect of a winnowing feedstock supply square in the eye, India metals miner Vedanta has turned to the courts to compel state-owned National Aluminium Company (Nalco) to sell to them a portion of the alumina they currently send overseas. In a motion at the Odisha High Court earlier this week, Vedanta sought to […]
Jharsuguda Locals Appeal To Chand To Open Alumina Bidding To Vedanta
In a bid to aid Vedanta Ltd. in its search for raw materials, a contingent of local citizens sent a letter last week to National Aluminium Company Limited’s (Nalco) Chairman and Managing Director Dr. Tapan Kumar Chand appealing to him to open the bidding for 30 thousand metric tons of metallurgical-grade alumina to the firm. […]
Nalco On Track For Record Financial Numbers In FY 2018-19: CMD Chand
India’s state-owned aluminium smelter National Aluminium Company (NALCO) plans to reap a record high net profit of over ₹1,600 crore and revenues of ₹12,000 crore in the course of the current fiscal year. Such were the goals expressed by the firm’s top officer over the weekend. Speaking at Republic Day celebrations on Saturday, Nalco’s Chairman […]
Spike In Imported Aluminium Pushes India’s Exports Of Ingot Up By 21 Percent During April Through September
A tidal wave of low-cost aluminium imports squeezed out a 21-percent jump in aluminium exports by Indian producers in the first half of the fiscal year (April through September), but the saturated market blunted sales growth to only 2 percent on the year. In the opening half of FY 2019, exports of aluminium ingot totaled […]
Weak Rupee And Global Alumina Shortages Boost Nalco’s Quarterly Net Profit By 433 Percent
Indian state-owned aluminium smelter National Aluminium Company (Nalco) reported earnings for the April to June quarter earlier this week. A weak rupee coupled with alumina prices on the rebound teamed up to push financial numbers skyward in the period. As 46 percent of the firm’s sales are of alumina (a yearly total of approximately 1.3 […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
