Nalco Inks Power Deal with Plant to Fuel New Aluminium Smelting Capacity
India’s National Aluminium Company (Nalco) announced an agreement last week to purchase eighty percent of the power produced by the...
India’s National Aluminium Company (Nalco) expects to return its aluminium business’ bottom line into the black in two years thanks to the captive power source it will soon begin to utilize in the state of Odisha. “With the commencement of coal production...
India’s National Aluminium Company (Nalco) announced an agreement last week to purchase eighty percent of the power produced by the...
India’s National Aluminium Company Limited (NALCO) & Neelachal Ispat Nigam Limited (NINL) executed a Memorandum of Understanding last week regarding...
India’s National Aluminium Company (Nalco) announced late last week that it is planning to boost production in the coming fiscal...
India’s aluminium producers have ramped up the call for a minimum import price (MIP) on the metal as the government’s budget for the next fiscal year continues to be hashed out. Indian producers have faced an increasing onslaught of cheap aluminium from overseas during the past several years, especially from the Mideast and the People’s […]
India’s National Aluminium Company (Nalco) announced earlier this week that it plans to build a new greenfield smelter at Kamakhyanagar in the state of Odisha. The project, which is expected to cost ₹360 billion (US$5.3 billion), will be built in conjunction with NTPC Limited, a power company owned by the Indian government. Plans include building […]
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 […] to take advantage of growing consumption in the domestic market, and […] to […]
India’s aluminium industry is on the rebound after a period of lower demand, according to domestic aluminium firms. Double-digit growth is on the horizon, they say, thanks to significant increases in automotive sales and industrial activity. Domestic aluminium producers also point to an increased public investment in infrastructure, reforms in the country’s power sector, and […]
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 […]
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