National Aluminium Company Limited

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...

Despite Tough Aluminium Market, Nalco’s Financial and Production Numbers Up in the Last Quarter

India’s state-owned National Aluminium Company (Nalco) released results for the third quarter of the current fiscal year last week. The country’s top manufacturer and exporter of alumina and aluminium turned in positive results in the face of a still-struggling global commodities market. Nalco’s net profit for the quarter ending in December was INR144 crore, better […]

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 […]

Nalco Plans to Increase Capacity in Next Fiscal Year

India’s National Aluminium Company (Nalco) announced late last week that it is planning to boost production in the coming fiscal year. According to statements reported upon by the domestic media, Nalco’s Chairman and Managing Director Tapan Kumar Chand will boost Nalco’s overall production to over 7.3 million metric tons (73 lakh tons). Nalco’s current capacity […]

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, […]