Tapan Kumar Chand

Indian Aluminium Firms Increase Push for Minimum Import Price

Indian Aluminium Firms Increase Push for Minimum Import Price

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...

Events

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’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, by maximising bauxite mining and alumina refining, adding new pots and augmenting production, […]

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 Moves Planned Plant to Angul

India’s National Aluminium Company (Nalco) intends to construct its second aluminium smelter and power station within the confines of its existing plant at Angul and not at Sundergarh as originally planned. The firm says building the plant at the new location will cost US$2.1 billion. Nalco says that of the total cost, the 400 thousand […]