nalco

Nalco Signs Memorandum of Understanding with Government Targeting Higher Output and Capex Totals

Nalco Signs Memorandum of Understanding with Government Targeting Higher Output and Capex Totals

India’s Navratna CPSE National Aluminium Company Limited (Nalco) and the Ministry of Mines announced the signing of a Memorandum of Understanding setting forth higher output targets for the current fiscal year. Under the memorandum, Nalco’s targeted revenue (less exise duty) has been...

Events

Nalco to Buy Back 25% of Company Shares from Cash-Strapped Indian Government

India’s National Aluminium Company Ltd (Nalco) announced on Monday that it will be buying back 25% of its outstanding shares from the Indian government. The country’s Mines Secretary Balvinder Kumar made the announcement after meeting with the company to determine pricing. Begun by the finance ministry earlier this year, the buyback is part of an […]