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...
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...
The domestic market has been the biggest obstacle facing state-owned National Aluminium Co. Ltd (Nalco) in its effort to transition...
Several Indian aluminium manufacturers, including Vedanta Ltd, Hindalco Industries Ltd, and National Aluminium Co. Ltd (Nalco) have petitioned their government...
India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth...
India’s state-owned firm National Aluminium Co. Ltd (Nalco) is sending a study group comprised of senior executives to Iran next month. The group is tasked with examining the feasibility of building and operating an aluminium smelter and powering it with a gas-fired power plant. An ease in sanctions on Iran and an increased emphasis on […]
The Indian government has again taken up the subject of a minimum import price (MIP) on aluminium, and, according to an official cited in the domestic press, a final decision is expected within the next fifteen days. India’s Mines Secretary Balvinder Kumar said that his ministry is looking into the proposition of an MIP on […]
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 […]
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 […]
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 […]
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 ...
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