nalco

Indian Aluminium Producers Seek Relaxation of Duties on Caustic Soda

Indian Aluminium Producers Seek Relaxation of Duties on Caustic Soda

Several Indian aluminium manufacturers, including Vedanta Ltd, Hindalco Industries Ltd, and National Aluminium Co. Ltd (Nalco) have petitioned their government to exempt domestic alumina producers from the anti-dumping duties on caustic soda. Known formally as sodium hydroxide (NaOH) and informally in some...

Events

Nalco Declares Forty Percent Dividend for FY 2015-16

India’s state-owned aluminium firm National Aluminium Company (NALCO) declared a forty percent dividend at the firm’s 35th annual General Meeting in Bhubaneswar. This represent the biggest dividend declared by the firm since its capital restructuring in the spring of 2011. Managing director Dr. Tapan Kumar Chand congratulated the stakeholders on allocation of Odisha’s Pottangi Bauxite […]

Indian Government Asks Nalco to Rethink Iran Plant

The Indian government has directed the state-owned aluminium firm National Aluminium Co Ltd (NALCO) to reconsider plans to build a US$2 billion smelter in Iran. In May Nalco announced that it signed a Memorandum of Understanding with Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) to investigate the feasibility of establishing a joint […]

Government Tells Nalco to Reconsider Foreign Expansion Plans

India’s Mines Secretary said recently that National Aluminium Company should concentrate upon building more smelters domestically in order to take advantage of cheap and readily available power instead of pursuing overseas expansion projects. “We have asked Nalco to concentrate on making aluminum domestically, rather than exporting alumina,” Mines Secretary Balvinder Kumar said in a recent […]

Nalco to Increase Aluminium Capacity, Consider Ceasing Alumina Exports

State-owned aluminium major National Aluminium Company Ltd (NALCO) has been asked by the Indian Ministry of Mines to substantially increase smelter capacity in order to insure that the metal is used domestically instead of being exported. “I have asked NALCO to prepare a prospective future plan raise capacity to 20 lakh (2,000,000) tonne from the […]

Indian Government Considering Enacting Minimum Import Price on Aluminium

The Indian government is mulling placing a minimum import price upon aluminium in order to slow the surge of cheap aluminium flooding the country’s market. India’s Revenue Department in the Ministry of Finance is considering such action after executives from Vedanta, Nalco, Hindalco and Balco met with Finance Minister Arun Jaitley last week and pitched […]