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Nalco eyes mineral properties in Namibia19-NOV-09
With an aim to diversify into other minerals and metals, the country's leading aluminium maker Nalco is considering buying coal, copper and uranium mines in Namibia.
Nalco shelves South Africa project; puts Iran project on hold16-NOV-09
In a twin decision on its global operations involving about Rs 27,000-crore investment, the state-owned aluminium major Nalco has shelved its proposed project in South Africa, and has put on hold the one in Iran.
Governor orders pollution test of Nalco ash pond water14-NOV-09
Governor M C Bhandare has asked Angul district authorities to test the water released from the ash pond of National Aluminium Company (Nalco) at Angul by Monday next to find out whether it contains any hazardous polluting material.
Drivers' strike hits coal supply07-NOV-09
The transport drivers’ strike in the Talcher coalfield under the Mahanadi Coalfield Ltd (MCL) has severely hit dispatch of coal to power plants of NTPC and National Aluminium Company (Nalco) in the area among others.
MTNL, Tata Tele, Nalco & Ashok Leyland Q2 result31-OCT-09
Falling revenues from both mobile as well as fixed line subscribers have forced state-run telecom major Mahanagar Telephone Nigam (MTNL), which operates in Delhi and Mumbai, to post a steep 77.5 per cent fall in net profit to Rs 20.5 crore for the second quarter ending September 30, against Rs 91.5 crore in the same quarter last year. In the same period, the total income was Rs 972 crore against Rs 1,231 crore in the same quarter last year, a 21 per cent decline.
OERC fixes price of surplus CGP power31-OCT-09
The Orissa Electricity Regulatory Commission (OERC) has fixed the sale price of the surplus power generated by the Captive Generation Plants (CGPs) in the state.
Nalco's Q2 net erodes 64% at Rs 159 cr30-OCT-09
The state-run aluminium major National Aluminium Company (Nalco) has posted 64 per cent erosion in net profit at 159.49 crore in the second quarter ending September 30, 2009 as compared to Rs 444.46 crore in the corresponding quarter last year.
Srivastava takes over as Nalco CMD02-OCT-09
Abhay Kumar Srivastava, the chairman and managing director of Cement Corporation of India (CCIL) today took over as CMD of navratna public sector unit, National Aluminium Company Ltd (Nalco).
Nalco to invest Rs 25,000 crore21-SEP-09
Aluminium giant Nalco will invest over Rs 25,000 crore to launch new projects and undertake major expansion despite decline in profit due to the global recession.
Nalco to foray into energy sector21-SEP-09
National Aluminium Company (Nalco), a leading producer of aluminium in the country, intends to enter the energy sector as an independent power producer.
Nalco to invest Rs 25,000 cr despite profit drop20-SEP-09
Allaying apprehension about its disinvestment, aluminium giant National Aluminium Company (Nalco) is all set to invest over Rs 25,000 crore to launch new projects and undertake major expansion despite decline in profit due to global recession.
Nalco granted bauxite mining lease in Andhra19-SEP-09
The Centre has approved the proposal for grant of mining lease (ML) to the state-owned National Aluminium Company Limited (Nalco) over Gudem and Katamraju Konda bauxite blocks in Andhra Pradesh. The AP government had earlier sent its recommendations in favour of the company to the Centre for the same property. The two deposits are estimated to have 85 million tonne of bauxite.
Nalco eyes Rs 10,000 cr in five years18-SEP-09
National Aluminium Company (Nalco) aims to scale up its annual business turnover from Rs 6000 crore at present to Rs 10,000 crore in the next five years despite the prevailing recession in the global economy.
Nalco gains 2% on NPCIL order16-SEP-09
The stock touched a high of Rs 350- up 2.6%. It finally ended up 2% at Rs 348. Around 93,684 shares were traded on the BSE today.
Nalco in talks with NPCIL for Rs 12,000cr nuclear power plant16-SEP-09
National Aluminium Company (Nalco) is in talks with Nuclear Power Corporation of India Limited (NPCIL) to jointly set up a Rs 12,000 crore nuclear power plant in south Orissa's Ganjam district.
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