National Aluminium Company

Weak Rupee And Global Alumina Shortages Boost Nalco’s Quarterly Net Profit By 433 Percent

Weak Rupee And Global Alumina Shortages Boost Nalco’s Quarterly Net Profit By 433 Percent

Indian state-owned aluminium smelter National Aluminium Company (Nalco) reported earnings for the April to June quarter earlier this week. A weak rupee coupled with alumina prices on the rebound teamed up to push financial numbers skyward in the period. As 46 percent...

Events

Utkal Coal to Slash 25% from Nalco’s Aluminium Production Costs

Indian state-owned smelter National Aluminium Company Limited (NALCO) expects to beef up its bottom line in an already high-water year thanks to the imminent opening of its captive coal block in Utkal. According to coverage in domestic media, Nalco’s access to the coal reserves is now free of red tape, and the firm expects to […]

Anrak, Balco, and Hindalco Vie For Bauxite Auctioned by Odisha Mining Corporation

Interest in Odisha Mining Corporation’s (OMC) first-ever attempt at auctioning bauxite met with considerable interest from several of India’s major aluminium players last week. The company’s initial foray into a bauxite auction was the online offering of 190 thousand metric tons of bauxite ore harvested from the firm’s captive lease near Kodingamali in Odisha, on […]

Nalco Mulling Move Into Guinea’s Bauxite Trade

Reporting from domestic media indicates that India’s National Aluminium Company Limited (Nalco) is investigating the possibility of gaining a foothold in the significant bauxite ore assets in the West African country of Guinea. Chairman and managing director Tapan Kumar Chand told an Indian newspaper earlier this week that bauxite mining may not be the only […]

Nalco Sets Company Records in Bauxite, Alumina Production in FY2016-17

India’s state-run aluminium smelter National Aluminium Company Limited (Nalco) announced in a report last week that it turned out a record production of 6.825 million metric tons of bauxite in the 2016-2017 fiscal year, up from the prior year’s haul by 7.65 percent. According to the report, the record high was achieved thanks to peak […]

Italian Aluminium Industry Mulling Involvement in India’s Aluminium Park at Angul

During a visit last week to an Indian government seminar, a delegation representing major stakeholders in Italy’s aluminium industry revealed their country’s interest in participating in the planned aluminium downstream park in eastern India. The delegation, led by Italy’s Consul General, was composed of representatives from the Italian Aluminium Association (IAA) and several major aluminium […]