Page 3 - Nalco

Sensex sheds 199 pts, Nifty below 22,050 as IT, RIL weigh; Jyoti CNC up 31%

Stock market highlights on January 16, 2024: Among sectors, the Nifty Realty index declined 1.95 per cent, the Nifty IT index 1.3 per cent, and the Nifty Pharma 1.14 per cent

Nalco bets on allotted coal blocks, alumina refinery for expansion

State-owned NALCO on Monday said the ongoing expansion of refinery and plans for upcoming expansion of smelter have been propelled with operationalisation of allotted coal blocks and clearances for Pottangi bauxite mine. Backward integration and securitisation of energy and bauxite has increased the business span of the National Aluminium Company Ltd (NALCO) for the next 30 years, its Chairman and Managing Director Sridhar Patra said. He was speaking at the company's 44th Foundation Day. "The strenuous efforts of the last 43 years and constant pursuit towards exhibiting excellence in almost all domains of business has succeeded in creating a formidable business enterprise like NALCO and the company has always striven to do better than the previous set benchmarks. "The past three years has witnessed significant achievements and have brought new laurels to the company," Patra said. NALCO has been operating its captive Panchpatmali bauxite mines for the pit-head alumina refinery, a

Nalco posts 49% increase in net profit at Rs 187 crore in Sep quarter

State-owned National Aluminium Company Ltd (Nalco) on Thursday reported a 49.3 per cent increase in consolidated profit to Rs 187.35 crore for the September quarter. The company had posted a consolidated profit of Rs 125.43 crore in the year-ago period, Nalco said in a filing to the BSE. However, the consolidated income of the company during the July-September period dropped to Rs 3,112.02 crore over Rs 3,558.85 crore in the year-ago period. Nalco is a navratna public sector undertaking under the Ministry of Mines.

Metal stocks buck the trend on China stimulus, BSE Metal index rises 0.85%

The world's second-largest economy consumes almost half of the global metals supply. As a result, China's economic outlook has a huge bearing on metal prices

Will the Nifty Metal index sustain its upward momentum? Check here

While the Nifty Metal index seems headed towards its crucial resistance zone, select stocks such as Hindalco, Nalco and SAIL still have the potential to rally up to 15 per cent, charts suggest.

Nalco consolidated net profit declines 40% to Rs 334 crore in June quarter

National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income. It had clocked a net profit of Rs 557.91 crore in year-ago quarter, the company said in a regulatory filing. The company's total income dropped to Rs 3,226.88 crore in the first quarter of the current fiscal compared to Rs 3,847.17 crore in the year-ago period. Odisha-based NALCO is one of the largest integrated aluminium producers in the country. Shares of the company closed at Rs 94.24 apiece on the BSE on Friday, down 0.81 per cent from its previous close.

Metal shares gain in subdued market; Jindal Steel, Tata Steel soar up to 4%

Thus far in the month of April, Jindal Steel has rallied 8 per cent, as against 1.6 per cent rise in the Nifty 50 and 5.7 per cent gain in the Nifty Metal index.

Bharat 22 rebalance to set off selling in ITC and Nalco, shows data

Churn is by reason of changes to weighting of existing components

Stocks to watch: M&M, Nykaa, SAIL, Sun Pharma, NALCO, Oil India, Tata Steel

Stocks to watch today: SAIL, Nykaa, Power Finance Corporation, Gujarat Gas, Castrol India, Campus Activewear will report the October-December quarter (Q3FY23) results

NALCO profit up by 61% in December quarter, net profit at Rs 274 crore

NALCO, a Navratna CPSE under Ministry of Mines, posted a net profit of Rs 274 crore for the third quarter ending December 31, 2022, as against Rs 170 crore in the preceding quarter

Govt gets Rs 952 cr dividend from IRFC, NALCO, Concor: DIPAM secy

The government has received Rs 952 crore as dividend from three public sector companies, DIPAM Secretary Tuhin Kanta Pandey said on Friday. With this, the total dividend receipts of the government from CPSEs so far this fiscal stands at Rs 16,728 crore. "Government has respectively received about Rs 711 crore, Rs 141 crore and Rs 100 crore from IRFC, NALCO, and CONCOR as dividend tranches," Pandey tweeted.

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Tata Steel, Vedanta look strong on charts, may resist China slowdown woes

Technically, probability of metal stocks entering a negative trend remains negligible. A resilient bullish trend seems clearly visible in Tata Steel and Vedanta.

Stocks to Watch: Bharti Airtel, Nykaa, Paytm, BPCL, SBI, Titan, Adani Ports

Stocks to watch today: Bharti Airtel and Adani Ports will report their June quarter results (Q1FY23); Titan saw 13-fold jump in net profit to Rs 790 crore in Q1FY23.

India's trace mineral SPV plans equity top-up, ministries hold talks

The three promoter companies have promised to plumb in equity in the ratio of 40:30:30

Stocks to Watch: Coal India, BPCL, Infosys, Fortis, NALCO, IndiGo, PFC

Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.

Resolve coal supply crisis to NALCO in 24 hrs: Odisha HC

The Orissa High Court directed three Union secretaries and the Chairman of the Railway Board to resolve the crisis of coal supply to National Aluminum Company's smelter plant

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

Govt receives Rs 888 crore as dividend from NALCO, BPCL, MSTC

The government has received Rs 888 crore as dividend from three CPSEs, DIPAM Secretary Tuhin Kanta Pandey said on Wednesday.

CPI's Raja writes to PM, requests roll back of decision to privatise NALCO

CPI general secretary D Raja has written to Prime Minister Narendra Modi requesting him to roll back the government's decision to privatise aluminium major NALCO.