nalco

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...

Events

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 […]

Indian Aluminium Firms Increase Push for Minimum Import Price

India’s aluminium producers have ramped up the call for a minimum import price (MIP) on the metal as the government’s budget for the next fiscal year continues to be hashed out. Indian producers have faced an increasing onslaught of cheap aluminium from overseas during the past several years, especially from the Mideast and the People’s […]

Nalco Considering Sale of Alumina to Vedanta

India’s National Aluminium Company (Nalco) may finally be given the green light to sell alumina to private-sector rival Vedanta plc, as the Indian government has requested the state-owned firm to look into sales of the aluminium precursor to the London-based miner. Both Nalco and Vedanta operate refineries and smelters in the eastern state of Odisha, […]

Nalco Partners with NTPC Ltd on New 1 MTPA Aluminium Smelter in Odisha

India’s National Aluminium Company (Nalco) announced earlier this week that it plans to build a new greenfield smelter at Kamakhyanagar in the state of Odisha. The project, which is expected to cost ₹360 billion (US$5.3 billion), will be built in conjunction with NTPC Limited, a power company owned by the Indian government. Plans include building […]

India’s Nalco Pressured Against Value Addition: Mines Minister

The domestic market has been the biggest obstacle facing state-owned National Aluminium Co. Ltd (Nalco) in its effort to transition into greater value addition for its alumina, India’s Union Minister of Energy, Coal, Mines and New and Renewable Energy Piyush Goyal told an audience on Friday. According to Goyal, the Central PSU exports most of […]