Page 4 - Nalco

Aluminium park creates demand matching Nalco's rated capacity

To meet the surge in aluminium demand, Nalco is opting for brownfield expansion at its Angul facility

Nalco lines up Rs 200 bn capex over next 5 yrs to ramp up production

With the new smelter, the company targets a turnover of Rs 320 billion by 2032, which would earn it the tag of a Maharatna company

Nalco plans new business model to rake in Rs 9.35 bn of net profit in 3 yrs

Nalco is adding the fifth stream to its existing alumina refinery at Damanjodi (Odisha) at a cost of Rs 5.54 bn, an initiative set to boost the company's net profit by Rs 2.75 bn

Nalco to tap waste-to-wealth model using Chinese tech to boost bottom line

Company hopes to extract 15-20 mn tonnes of iron ore concentrates from its inventory of 60 mn tonnes of red mud

Navratna firm Nalco target 15% rise in FY19 revenue at Rs 93.5 bn

Enters MoU with mines ministry, targets 2.1 mn tonnes alumina output with 100% capacity utilisation & an optimum aluminium production target of 0.41 mn tonnes

Captive coal to cut Nalco's aluminium cost by 25%

Utkal D block to cut the cost of production by $500 per tonne

Nalco making windfall gains from recent spike in global alumina prices

Globally, alumina prices have surged 80 per cent since the US clamped sanctions on major Russian producer Rusal

Nalco rides on London Metal Exchange gains, sees room for more price hikes

Along with aluminium, alumina prices have also gone up, bringing gains for Nalco

Nalco, Canada's Almex to forge JV for Rs 25 bn auto-grade aluminium unit

The project, spread across 50 acres, will come up at the downstream aluminium park at Angul (Odisha) close to Nalco's aluminium smelting unit

Nalco seeks approval for Pottangi bauxite mining lease in Koraput

The Pottangi mines with 75 million tonnes bauxite reserve would feed Nalco's new one-million-tonne refinery planned at Damanjodi

Nalco's alumina exports to halve in 3-4 years, to impact profit margins

Alumina exports by National Aluminium Company (Nalco) are set to halve over the next three to four years as the company looks at higher conversion to aluminium and value added products.Each year, Nalco exports around one million tonne of surplus alumina. Nalco's internal consumption of alumina is poised to go up as the navratna company is going for brownfield expansion of its aluminium smelter at Angul. Nalco is adding 0.6 million tonne capacity at Angul where its current rated capacity is 0.46 million tonne per annum (mtpa)."If our new smelter comes up, it will consume 1.2 million tonne of alumina each year. In that case, Nalco's exports of alumina would reduce by 50 per cent in the next three to four years. Alumina exports, however, will not stop altogether as we are also expanding our alumina refinery capacity", said T K Chand, chairman & managing director at Nalco.Alumina and not aluminium, has been the key driver of Nalco's profitability over the years. Nalco being one of the

Nalco to foray into bauxite mining; eyes Rs 312 bn turnover by 2032

The long-term corporate plan prepared by leading consultancy KPMG envisages Nalco to reach a turnover of Rs 181 bn with profit after tax of Rs 16.93 bn by 2024

Nalco to set up high-end aluminium alloys plant

National Aluminium Company (Nalco) is mulling to set up a high end aluminium products plant by availing technology from foreign suppliers. The project is planned keeping in view the future applications of aluminium metal in bullet trains, aerospace and electric vehicles."The technology for high end aluminium products plants is not available in India. So, we are in talks with potential suppliers in USA and Russia to avail their technologies. If we get the right technology, our proposed plant may come up within the aluminium park at Angul or somewhere closer to the site", said T K Chand, chairman & managing director, Nalco.The aluminium park is being developed jointly by Nalco and state owned Odisha Industrial Infrastructure Development Corporation (Idco). For the downstream park, 240 acres of land has been acquired.Nalco has floated an Expression of Interest (EoI) to select the technology supplier.Use of aluminium as the preferred metal in electric vehicles can cut down on ...

NALCO lines up 3 projects, invests Rs 250 bn

The aluminium major will dedicate three major projects readied at a total cost of about Rs 6.6 bn, to the nation, during its upcoming foundation day

Nalco Q2 net profit surges 94% to Rs 235 crore

Buoyant market, focus on cost reduction drive profitability

GMDC, NALCO drop Rs 5,400 cr alumina refinery project in Kutch

After years of negotiations and feasibility studies, state owned Gujarat Mineral Development Corporation Ltd (GMDC) and central public sector undertaking (PSU) National Aluminium Company Limited (NALCO) have decided to drop the Rs 5400 crore alumina refinery.In its 54th annual report for the year 2016-17, GMDC stated that, citing unviability of the project, NALCO has asked the state PSU to drop the project. A joint venture between GMDC and NALCO with the former having a 26 per cent stake, the alumina refinery was supposed to come up as part of the Rs 15000 crore aluminium park in Kutch being set up by the state government.As per GMDC, the detailed project report (DPR) prepared by NALCO found the 500,000 tonnes per annum (tpa) plant "unviable". "Land required for the project has been allocated by Government and part possession has been taken. Process for obtaining possession of remaining portion of land also is under progress. DPR for 500,000 tonnes per annum (tpa) plant got prepared .

Nalco rolls out new value added product

Commercial production of the alloy was started on July 24, 2017

Nalco Q4 net profit rises 25% to Rs 268 crore

The company had posted standalone profit of Rs 214 crore in the corresponding quarter of FY16

Nalco's revenue pegged at Rs 8,100 crore in FY18

State run aluminium major National Aluminium Company Ltd (Nalco) has signed a memorandum of understanding (MoU) with the Union ministry of mines, setting higher targets in production, productivity, turnover and Capex for 2017-18.As per the pact, the target for revenue from operations has been fixed at Rs 8100 crore (net of excise) which is Rs 700 crore more than the previous year.Nalco has also set 100 per cent targets for production of both bauxite and alumina i.e 6.825 million tonnes and 2.1 million tonnes respectively.Aluminium production target of Nalco is set at 0.44 million tonnes for 2017-18.The MoU was signed between Arun Kumar, secretary, Ministry of Mines and Tapan Kumar Chand, Nalco's chairman & managing director.The targets are an all time high for the company and is expected to push the profitability of Nalco despite increase in expenses on account of enhanced electricity duty, RPO (renewable purchase obligation), employee wage revision and power & fuel oil, the ..

Govt successfully divests 10% in Nalco; raises nearly Rs 1,300 cr

The government has successfully divested 10 per cent stake in National Aluminum Company (Nalco) to mop up nearly Rs 1,300 crore.A total of 193.3 million shares (including the greenshoe option) were put on auction through the offer for sale (OFS) route. The share sale received bids for 255 million shares. On Thursday, 71.22 million shares meant for retail investors were auctioned. The retail demand was three times more than shares on offer. The non-retail portion was subscribed on Wednesday. It got bids for 142.4 million shares as against 96.6 million on offer.The base price for the OFS was set at Rs 67. Most of the bids came around the base price. Retail investors were offered an additional five per cent discount on the base price. Shares of the Nalco on Thursday ended at Rs 67.75.Following the share sale, the government's stake in Nalco will fall from 74.58 per cent to 64.58 per cent.In the non-retail segment, most of the bids come from state owned institutions including Life ...