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Nalco
State-owned Nalco is transitioning its power-intensive smelting operations to renewable energy sources, and plans to set up 200-300 MW of green power capacity backed by battery storage to ensure a reliable supply and significantly cut overall carbon emissions. Nalco, which currently relies 100 per cent on coal-based captive power plants that account for 80 per cent of its carbon emissions, plans to ramp up its efforts to produce green aluminium, its Chairman-cum-Managing Director (CMD) Brijendra Pratap Singh said. The smelting process, which constitutes 35-40 per cent of production costs, draws power from in-house coal plants at Rs 3-3.5 per unit, while green power rates hover at Rs 4.5-5 per unit, he said. In a bid to address this, National Aluminium Company Ltd (Nalco) is pursuing power purchase agreements (PPAs), developing its own green power plants, and appointing a consultant to devise strategies for securing green energy at minimal cost with round-the-clock availability, he .
State-owned Nalco is open to venturing into mining of rare earth elements (REEs) with its bid advisor conducting due diligence on domestic auctions for REEs, magnesium and chromite blocks, its CMD Brijendra Pratap Singh Monday said. The move signals National Aluminium Company Ltd's (Nalco) diversification strategy beyond bauxite and alumina, targeting high-value critical minerals essential for electronics, defence, renewables and electric vehicles. REEs are important for magnets in wind turbines, EV motors and missile guidance systems. India, heavily import-dependent with negligible domestic output, views REE self-reliance as key to Atmanirbhar Bharat and reducing China's 80 per cent global dominance amid US-China trade tensions. In an interview to PTI here, the Chairman-cum-Managing Director (CMD) said the bid advisor will assess mine viability, optimal acquisition premiums and participation in upcoming auctions. "The bid advisor will assess if we should participate in domestic .
State-owned National Aluminium Company Ltd (Nalco) is aiming to start its Pottangi bauxite mines in Odisha by June next year as the company plans to ramp up its mining capacity supporting its goal of expanding its integrated aluminium business. Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines. "...our target is June next year we will be starting the mines," NALCO CMD Brijendra Pratap Singh said. The company is set to enhance its alumina production capacity at its Damanjodi refinery in Koraput district, Odisha. Nalco operates a 2.275 million tonnes per annum (MTPA) alumina refinery at the site and is undertaking the installation of a 5th stream that will add an additional 1 MTPA capacity. To support this expansion, the Odisha government has granted Nalco a mining lease for the Pottangi Bauxite Deposit in Koraput district. The lease covers an area of 697.979 hectares and is valid for 50 years, ensuring steady raw material suppl
State-owned National Aluminium Company Ltd (Nalco) on Friday reported a 36.7 per cent rise in consolidated profit to Rs 1,429.94 crore in the quarter ended September 30, 2025. The company had posted a consolidated profit of Rs 1,045.97 crore in the year-ago period. The consolidated revenue from operations during the July-September period rose to Rs 4,292.34 crore against Rs 4,001.48 crore in the year-ago period. Nalco has lined up an investment of Rs 30,000 crore to set up a new aluminium smelter and a coal-based power plant over the next five years. Of this, Rs 18,000 crore has been earmarked for the smelter and Rs 12,000 crore will be spent on the thermal power plant. Nalco also plans to be a Maharatna firm in another five years. Nalco, a 'Navratna' company, is one of the country's largest bauxite, alumina, aluminium and power complex. Currently, the government owns 51.28 per cent stake in the PSU.
A parliamentary panel has criticised state-owned Nalco for spending less than 50 per cent of the targeted capex of Rs 2,000 crore in the first 10 months of 2024-25. "Against the targeted capex of Rs 2,000 crore by Nalco for the year 2024-25, the end of January 2025, the capex stood at Rs 879 crore, i.e. less than 50 per cent of the targeted amount. "The committee would like to be apprised of the slow pace of capex in the first 10 months of the year...," the Standing Committee on Coal, Mines and Steel has said report submitted to Parliament. It further said the company is neither availing nor proposes to avail any budgetary support from the Centre. The plan outlay is being managed entirely through internal resources only. The company has achieved its targeted expenditure in 2020-21, 2022-23, and 2023-24. "In FY 21-22 there was only marginal shortfall and achievement was 99.2 per cent of its targeted capex. In FY 19-20, the company achieved 93.2 per cent of targeted capex," it ...
State-owned National Aluminium Company Ltd (NALCO) on Monday reported an over three-fold jump in its consolidated net profit at Rs 1,566.32 crore in the December 2024 quarter, on account of higher income. It had posted a net profit of Rs 470.61 crore during the October-December period of 2023-24, the company said in a regulatory filing. The company's total income increased 40 per cent to Rs 4,761.31 crore against Rs 3,397.87 crore in the year-ago period. NALCO trimmed its expenses to Rs 2,639.41 crore compared to Rs 2,729.66 crore in the corresponding period a year ago. The board of the company also approved payment of second interim dividend of Rs 4 per share, 80 per cent on a face value of Rs 5 each, on the paid-up equity share capital of Rs 918.32 crore for financial year 2024-25. The company has fixed February 14, 2025, as the record date for payment of the dividend. Under the Ministry of Mines, NALCO is the country's leading manufacturer and exporter of alumina and aluminium