Page 6 - Nalco

Nalco aims to cut aluminium output cost by 9%

Firm plans to bring in new energy-efficient technology, ramp up metal output through brownfield expansion

Nalco aims to cut aluminium output cost by 9%

Company to adopt energy-efficient technology, ramping up metal output through brownfield expansion

Nalco to start work on expanding Damanjodi refinery in February 2017

Expansion set to cost the company Rs 5,600 crore; it will help add fifth stream to the refinery

Nalco relocates second smelter to Angul, focuses on cost cut

The second smelter and power complex is expected to cost Rs 14,000 crore

Nalco's revenue pegged at Rs 7,100 crore in FY17

State-run aluminium firm has entered into a MoU with the mines ministry

National Aluminium gains on bagging Pottangi bauxite mines

The stock was up 4% at Rs 50.10 on the BSE in otherwise subdued market.

Nalco bags Pottangi mines

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

Nalco Q4 net profit down 41%

State-run National Aluminium Co Ltd (Nalco) today reported 41.4 per cent decline in standalone net profit to Rs 207.94 crore during the fourth quarter ended March 31, 2015-16. The Bhubaneswar-based firm had posted net profit of Rs 354.87 crore in the year-ago period. Nalco said in a BSE filing that its total income was up 4 per cent to Rs 1,874.36 crore in the January-March quarter of last fiscal, as against Rs 1,801.25 crore in the same period of 2014-15. The 'Navaratna' PSU's standalone net profit dipped 44.6 per cent to Rs 731.01 crore for the entire 2015-16, from Rs 1,321.85 crore in the previous fiscal. Total income for the full financial year ended March 31 also slipped 7.6 per cent to Rs 6,816 crore, from Rs 7,382.81 crore in 2014-15. The company said its Board has recommended payment of final dividend of Rs 75 paise per share (15 per cent on face value of Rs 5 each) on the equity share capital. This is in addition to interim dividend of Rs 1.25 per share (25 per cent on .

Nalco pulls out of JV with NPCIL for nuclear power plant in Gujarat

As per the joint venture agreement Nalco would have 26% stake in the new entity, NPCIL-Nalco Power Company

Nalco Q4 net falls 41% at Rs 208 crore

The Odisha-headquartered Nalco said in a stock exchange filing that its total income was up 4% at Rs 1,874.36 crore during the quarter in question

Nalco to buyback 25% shares

The government holds 80.93 per cent stake in this company

NALCO to explore building smelter in Iran

As New Delhi tries to boost trade ties with Tehran after the lifting of sanctions

Nalco up nearly 3% on share buy-back plans

At NSE, shares of the company rose by 2.46% to close at Rs 41.55

Nalco turns world's cheapest alumina producer

Firm's production cost has fallen to $190 a tonne compared to global benchmark of $220-230 a tonne

Nalco to go for toll-smelting of aluminium in Iran

The arrangement is a precursor to the company's proposal to set up greenfield smelter at Chabahar

Nalco declares Rs 322 crore interim dividend

In FY15, the company had declared a total dividend of Rs 451.02 crore.

Nalco gains as board to consider buyback of shares

The board will meet on April 22 to consider buyback of fully paid-up equity shares

Nalco, Iranian co to form task force for smelter plant

Task force will consist of senior project executives of Nalco, Iranian Aluminium Company and officials from Iran's industries ministry

Nalco share buyback delayed to 2016-17

Govt will miss its divestment target in the 2015/16, for the sixth year in a row due to weak commodity prices

Nalco to invest Rs 900 crore in Kakrapar Atomic Power plant

Nalco expects India to double its aluminium consumption to five million tonnes in the next four years