National Aluminium Company Limited

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

Events

Indian Aluminium Producers Forecast Double-Digit Demand Growth

India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to an increased public investment in infrastructure, reforms in the country’s power sector, and […]

Nalco Senior Execs to Visit Iran Next Month

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 […]

Decision by Indian Government on MIP for Aluminium Expected in Fifteen Days

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 […]

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 […]