National Aluminium Company

Nalco to Meet Rising Demand with Increased Output: CMD Chand

Nalco to Meet Rising Demand with Increased Output: CMD Chand

India’s National Aluminium Company Ltd (Nalco) is planning on taking advantage of increasing domestic consumption and recovering aluminium prices by increasing output by 3.5%. So says its chairman Tapan Kumar Chand in interviews this week. “Nalco is ramping up this production […]...

Events

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 […]

Government Tells Nalco to Reconsider Foreign Expansion Plans

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 […]