T K Chand

Nalco’s Bottom Line Sound Despite Difficulties in Global Market: Chand

Nalco’s Bottom Line Sound Despite Difficulties in Global Market: Chand

Dr. Tapan Kumar Chand, chief of India’s state-owned aluminium firm National Aluminium Company Limited (Nalco), said his firm is financially sound despite the amount of struggling smelters in the industry. “Nalco has remained profitable all through by successfully handling the market downturn,...

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Events

Nalco Wins Mining Lease at Pottangi Bauxite Mines

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 […]

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Aluminium Development Council Coming Soon: India’s Mines Minister

Aluminium Development Council Coming Soon: India’s Mines Minister

India’s Mines Secretary Balvinder Kumar indicated that an Indian Aluminium Development Council was in the works in remarks made at an aluminium seminar yesterday. Speaking at the Aluminium Association of India’s seminar entitled “Aluminium: The Strategic Metal,” Kumar also commended the industry’s major players for coming together to weather the aluminium industry’s recent stormy past. […]

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Nalco in Talks to Build Aluminium-Lithium Alloy Plant

Nalco in Talks to Build Aluminium-Lithium Alloy Plant

India’s National Aluminium Company (Nalco) and Indian Defence Ministry’s Mishra Dhatu Nigam Ltd (MIDHANI) are in negotiations aimed at establishing an aluminium-lithium alloy plant. The two state-owned entities intend to capitalize upon the myriad of new uses for the alloy in, among other places, the defense sector. Highlighted by its use in Elon Musk’s SpaceX […]

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Nalco to Buy Back 25% of Company Shares from Cash-Strapped Indian Government

Nalco to Buy Back 25% of Company Shares from Cash-Strapped Indian Government

India’s National Aluminium Company Ltd (Nalco) announced on Monday that it will be buying back 25% of its outstanding shares from the Indian government. The country’s Mines Secretary Balvinder Kumar made the announcement after meeting with the company to determine pricing. Begun by the finance ministry earlier this year, the buyback is part of an […]

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Nalco Banking on Ten Percent Growth in Bauxite Output This Year

Nalco Banking on Ten Percent Growth in Bauxite Output This Year

India’s National Aluminium Company Limited (NALCO) is planning to experience 10% growth by the end of the current fiscal year, according to remarks made by Nalco’s Chairman and Managing Director Tapan Kumar “T. K.” Chand last Wednesday. “By end of 2015-16, the production is likely to be at the level of 63 lakh tonnes [6.3 […]

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