Nalco

Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC

Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.

Resolve coal supply crisis to NALCO in 24 hrs: Odisha HC

The Orissa High Court directed three Union secretaries and the Chairman of the Railway Board to resolve the crisis of coal supply to National Aluminum Company's smelter plant

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

CPI's Raja writes to PM, requests roll back of decision to privatise NALCO

CPI general secretary D Raja has written to Prime Minister Narendra Modi requesting him to roll back the government's decision to privatise aluminium major NALCO.

Nalco posts over three-fold jump in December quarter profit at Rs 831 cr

National Aluminium Company Ltd (Nalco) on Monday said its December quarter consolidated profit surged over three times to Rs 830.67 crore. The company had posted a profit of Rs 239.71 crore for the year-ago period, Nalco said in a filing to BSE. Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said. The company paid final dividend of Rs 1 per equity share amounting to Rs 183.66 crore for 2020-21. With this, the total amount of dividend payout for 2020-21 is Rs 3.50 per equity share -- interim dividend of Rs 2.50 per share and final dividend of Rs 1 per share amounting to Rs 644.27 crore.

Hope for Hindalco, Nalco investors as aluminium demand may outstrip supply

Though volatile, most analysts don't expect prices to decline further

Nalco reports seven-fold jump in profit to Rs 747.80 crore in Q2

Nalco on Friday reported the almost seven-fold rise in consolidated profit at Rs 747.80 crore for the quarter ended September 30

Decade-high Aluminium price can spark up to 25% rally in these metal stocks

The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume

Govt says Nalco playing key role in empowering micro and small enterprises

The Centre on Monday said state-owned Nalco has been playing a key role in empowering micro and small enterprises by providing modern and innovative platform NAMASYA

State-owned Nalco's first quarter profit soars to Rs 348 crore

The company had reported a consolidated profit of Rs 16.69 crore in the year-ago period.

Runaya in talks with Hindalco, NALCO for setting up dross recycling plants

Runaya, founded by brothers Naivedya and Annanya Agarwal, is a start-up led by the next-gen of Vedanta Group

Nalco posts extraordinary Q4 results on back of global boom in aluminium

Higher aluminium prices led to 855% rise in net profit in FY21

Odisha government grants mining lease of Utkal-E coal block to NALCO

The Department of Steel and Mines of Odisha government granted the mining lease of Utkal-E coal block to National Aluminium Company Limited (NALCO) through a notification issued on April 12

National Aluminium Co gets mining lease for Utkal-E coal block in Odisha

National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 hectare, the company said in a filing to BSE. The initial capacity of the block is 2 million tonnes per year with a total mineable reserve of approximately 70 million tonne. Nalco has already executed the mining lease for Utkal-D coal block in March 2021. With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the company will be 175 million tonnes, which will be pivotal in meeting the coal requirement of its captive power plant at Angul, Odisha. Sridhar Patra, CMD of the company said the NALCO team is very optimistic on starting the mining operation from Utkal-D coal block in this financial year. "With the grant of ...

Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%

Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher

Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore

Revenue grew by 14 per cent to Rs 2,378.79 crore against Rs 2,088.35 crore in the same period

State-owned NALCO to buy back Rs 749-crore shares, says DIPAM secy

State-owned NALCO will buy back Rs 749 crore worth of shares, DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

BHEL secures Rs 450 cr order for steam and power plant from NALCO

BHEL said it has bagged an order worth Rs 450 crore for a steam and power plant from National Aluminium Corporation Limited

Nalco to invest Rs 30,000 crore on expansion by 2027-28: Pralhad Joshi

Union minister Pralhad Joshi on Thursday said state-run National Aluminium Company Ltd (NALCO) will invest around Rs 30,000 crore for its ambitious expansion and diversification projects in the next six to seven years, which will help achieve the Centre's goal of 'Atmanirbhar Bharat'. Addressing the 41st foundation day function of the Navaratna PSU here, the coal and mines minister said the growth plans of the company are in line with the country's objective to become self-sufficient in production of the metal. "NALCO has made ambitious business growth plans for which the company will be investing around Rs 30,000 crore in the next six to seven years (by 2027-28)," the minister said. He said Rs 22,000 crore will be spent on the expansion of the company's aluminium smelter unit and construction of a 1400-MW feeder captive power plant (CPP) in Angul. Over Rs 7,000 crore will be used for the fifth stream refinery, development of Pottangi bauxite mine and Utkal D & E ...