National Aluminium Company

India’s Nalco Pressured Against Value Addition: Mines Minister

India’s Nalco Pressured Against Value Addition: Mines Minister

The domestic market has been the biggest obstacle facing state-owned National Aluminium Co. Ltd (Nalco) in its effort to transition into greater value addition for its alumina, India’s Union Minister of Energy, Coal, Mines and New and Renewable Energy Piyush Goyal told...

Events

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 […]

Nalco to Increase Aluminium Capacity, Consider Ceasing Alumina Exports

State-owned aluminium major National Aluminium Company Ltd (NALCO) has been asked by the Indian Ministry of Mines to substantially increase smelter capacity in order to insure that the metal is used domestically instead of being exported. “I have asked NALCO to prepare a prospective future plan raise capacity to 20 lakh (2,000,000) tonne from the […]