Page 4 - Nalco

State-owned NALCO to buy back Rs 749-crore shares, says DIPAM secy

State-owned NALCO will buy back Rs 749 crore worth of shares, DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

BHEL secures Rs 450 cr order for steam and power plant from NALCO

BHEL said it has bagged an order worth Rs 450 crore for a steam and power plant from National Aluminium Corporation Limited

Nalco to invest Rs 30,000 crore on expansion by 2027-28: Pralhad Joshi

Union minister Pralhad Joshi on Thursday said state-run National Aluminium Company Ltd (NALCO) will invest around Rs 30,000 crore for its ambitious expansion and diversification projects in the next six to seven years, which will help achieve the Centre's goal of 'Atmanirbhar Bharat'. Addressing the 41st foundation day function of the Navaratna PSU here, the coal and mines minister said the growth plans of the company are in line with the country's objective to become self-sufficient in production of the metal. "NALCO has made ambitious business growth plans for which the company will be investing around Rs 30,000 crore in the next six to seven years (by 2027-28)," the minister said. He said Rs 22,000 crore will be spent on the expansion of the company's aluminium smelter unit and construction of a 1400-MW feeder captive power plant (CPP) in Angul. Over Rs 7,000 crore will be used for the fifth stream refinery, development of Pottangi bauxite mine and Utkal D & E ...

Nalco reports consolidated profit of Rs 107 cr in September quarter

he company had posted a loss of Rs 28.25 crore for the year-ago period, Nalco said in a filing to BSE

2019-2020 has been a year of mixed results for NALCO: CMD Sridhar Patra

"After Q1 of 2020-21 there are some signs of recovery with easing of restrictions and resumption of economic activities. This gives rays of hope for better financial performance," the NALCO CMD said

Nalco inks pact with Numaligarh Refinery for calcined petroleum coke supply

The memorandum of understanding (MoU) was signed on Thursday, Nalco said in a BSE filing

Nalco Q1 profit drops 82.9% to Rs 17 cr, income down at Rs 1,413.9 cr

The company had posted a consolidated profit of Rs 97.87 crore in the corresponding quarter of the previous fiscal, the state-owned firm said in a BSE filing

Nalco-Midhani JV to rope in environmental consultant for AP aluminium plant

The JV has been formed to set up 60,000 tonnes per annum high-end aluminium alloy production plant at Nellore, Andhra Pradesh

Nalco's FY20 pre-tax profit tanks 93% to Rs 226 cr as alumina prices sag

Intermittent disruptions in coal supply had forced Nalco to buy costlier power from Odisha grid which had a telling impact on its top line and profitability

Aluminium firms seek tariff, non-tariff support fearing sluggish demand

India's aluminium consumption is tipped to reduce by 1.5-2 million tonnes in FY21 as the pandemic has considerably weakened demand from consuming industries

Nalco wins mining rights for Utkal-D coal block, E-block is next

This is an important milestone for the firm as captive coal production can cut aluminium smelting costs by 25%

Nalco beats coal supply woes amid Covid-19, logs 90% capacity utilisation

Even though Covid-19 crisis looms, all of Nalco's units have been operational with pruned manpower

Covid-19: Nalco's Angul smelter runs smoothly with 3 months' stock of coal

After intermittent disruption in coal despatches due to sporadic stirs at mines under the command area of Mahanadi Coalfields Ltd, supply position improved substantially post monsoons

Better coal supplies, lower input costs to make Nalco profitable again

Nalco's net loss (after taxes) stood at Rs 33.96 crore in Q3 of FY20

Nalco posts second straight quarterly loss, its steepest since inception

Nalco despite being an integrated player was negatively impacted from fragile alumina prices

Nalco looking to revisit its expansion plans, says CMD Sridhar Patra

National Aluminium Company Ltd (Nalco) is a navratna CPSE under the Ministry of Mines

Nalco may switch back to long-term contracts as alumina prices dive

The company had moved away from long-term deals with major buyers and began risking its surplus in the international spot markets, selling over 95% of its exportable alumina here

Depressed alumina prices have mixed impact on domestic firms, Vedanta gains

Nalco loses heavily while there is no direct impact on Hindalco

Nalco posts Rs 28-cr Q2 loss on weak alumina prices, high coal cost

This is a rare quarterly loss for Nalco, known for consistent profitability. It has regularly figured among the top-three forex-earning public sector companies

Corporation tax rate cut to help Nalco tide over sagging alumina prices

The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal