Panchpatmalli Hills

Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks

Expected Tepid Response Delays Odisha’s Auction Of Bauxite Blocks

Despite residing above over half the country’s total known bauxite reserves, the Odisha government has yet to place a single block up for online auction to date. According to experts, state officials have thus far backed away from auctioning the blocks over...

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 […]

Nalco to Commence Construction at Damanjodi in February

India’s National Aluminium Company (Nalco) expects to begin construction to expand its alumina refinery in Damanjodi next February, according to reports. The expansion will boost the plant’s output by one million tons per annum. The firm’s expansion would see a fifth stream added to the plant, which would raise its total output to 2.275 million […]

Nalco Wins Mining Lease at Pottangi Bauxite Mines

India’s National Aluminium Company Limited (NALCO), announced today that it has been granted a mining lease for Odisha’s Pottangi Bauxite Mines, which is close in proximity to the firm’s 2.275 million metric ton alumina refinery. The lease, which is issued by Odisha’s Department of Steel & Mines, covers an area of about 4,295 acres for a […]