Tapan Kumar Chand

Captive Coal Cache to Nudge Nalco’s Aluminium Business Into the Black: CMD Chand

Captive Coal Cache to Nudge Nalco’s Aluminium Business Into the Black: CMD Chand

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...

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Events

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 overseas during the past several years, especially from the Mideast and the People’s […]

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Nalco Partners with NTPC Ltd on New 1 MTPA Aluminium Smelter in Odisha

Nalco Partners with NTPC Ltd on New 1 MTPA Aluminium Smelter in Odisha

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 […]

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Nalco to Meet Rising Demand with Increased Output: CMD Chand

Nalco to Meet Rising Demand with Increased Output: CMD Chand

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 […]

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Indian Aluminium Producers Forecast Double-Digit Demand Growth

Indian Aluminium Producers Forecast Double-Digit Demand Growth

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 […]

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Nalco Declares Forty Percent Dividend for FY 2015-16

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 […]

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