Page 3 - Nalco

Aluminium producers likely to see pressure on profits, says NALCO chief

Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.

Nalco announces it paid its highest ever dividend for FY19, stock gains 4%

At the bourses, shares of Nalco have underperfomed market by falling 32 per cent year-to-date (YTD) while the benchmark Nifty50 index has remained flat, down 0.20 per cent.

Nalco, MECL, HCL forge joint venture company to hunt mine assets abroad

The JV company has the mandate for acquisition, exploration & processing of strategic minerals abroad for commercial use and for supplying to meet the domestic requirement

CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17

Nalco FY19 net profit surges 29% to Rs 1,732 crore, best ever in a decade

The striking takeaway from Nalco's physical parameters was aluminium production of 0.44 MT, the best in the last eight years

Nalco to make lithium ion cells after tech transfer deal with Isro

Facility to be set up in Odisha; company's entry into this space could temper imports, valued at $150 million in 2017

Nalco turns lowest cost producer of bauxite, alumina in FY19

Attains best ever bauxite output, export earnings swell to Rs 4792 cr

Nalco declares interim dividend of Rs 4.50 per share for the current fiscal

Shares of the company were trading 4.25 per cent higher at Rs 52.75 apiece on BSE

Nalco reappoints five independent directors on board for one-year tenure

These independent directors were appointed on the board for a period of three years in November 2015

Nalco declares share buyback offer worth Rs 5.05 bn; date of closing Nov 28

Last month, the company said its board has approved a proposal to buy back shares worth Rs 5.04 billion

Nalco's September qr net profit more than doubles to Rs 5.1 billion

The state-owned company attributed the growth to its new business model, which was introduced 18 months ago and helped helped it overcome volatility in alumina and aluminium markets due to US sanction

Nalco eyes net profit from aluminium biz by fiscal end, leans on LME prices

Nalco has turned Ebitda positive in aluminium vertical in first two-quarters of this fiscal; last year it had posted Rs two billion loss

Rising wage costs blunt Nalco's strategic advantages in metal production

The unrestrained hike in wage bills year after year is steadily eroding National Aluminium Company's (Nalco) competitive edge in metal production.A research report by brokerage firm Motilal Oswal shows employee wages now account for more than $500 per tonne in the cost of aluminium production, the highest in the world. Although Nalco's total headcount had subsided two per cent to 6776 at the end of 2017-18, average recurring annual wages per employee still climbed 32 per cent to Rs 2.9 million- the report dubs it as the highest in the Indian metal and mining industry. Wages are eroding the navratna company's strategic advantages despite its attractive valuations, the report commented.Nalco's average cost of metal production moved up by 10 per cent in last fiscal to $2187 (or Rs 140,999) per tonne. Variable costs and wage hikes were the key drivers to the hike in production costs besides input commodity inflation fuelled by rise in alumina and carbon prices. Though Nalco could cut its .

Nalco to scale up downstream portfolio, plans Rs 55.2-bn project

Billed as the largest investment in metal downstream space in Odisha, the project will be funded wholly from Nalco's internal accruals

Nalco declares the highest dividend pay of Rs 11.02 billion for 2017-18

Speaking on the sidelines of the 37th AGM, Tapan Kumar Chand, chairman & managing director, Nalco, attributed the success to team work, strong cost focus and strategic planning

Nalco seeks Russian technology, investments for Angul aluminium park

The response to the Angul park has been unprecedented and it is set to become a major centre in the world for aluminium downstream activities

Weak rupee, firm alumina prices to bolster Nalco's earnings

Rupee devaluation is favouring Nalco as alumina sales contribute 46 per cent to the company's gross turnover

Nalco to invest Rs 1.31 billion on wire rod unit to tap power sector demand

Estimated at Rs 1.31 billion, the planned facility envisages an installed capacity of 40,000 tonnes per annum of alloy grade material

Riding on alumina segment, Nalco Q1 net profit soars 433% to Rs 6.87 bn

Tapan Kumar Chand, chairman & managing director of Nalco, owed the success to teamwork, strong cost focus and strategic planning

Nalco's Capex zooms 283% from Rs 2.82 bn in FY15 to Rs 10.81 bn in FY18

Nalco is adding the fifth stream to its Damanjodi refinery in south Odisha's Koraput district