Page 5 - Nalco

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

Nalco says Damanjodi plant, Angul CPP affected due to acute coal shortage

Firm says it fully depends upon Mahanadi Coalfields for coal supply to these two units

Muted alumina prices dent Nalco's Q1 earnings as global supplies stabilise

Though Nalco has charted a new business model to make it immune to vagaries of the metal business, the plans may to take 2-3 years to deliver outcomes

Nalco launches aluminium alloy with high corrosion resistance, conductivity

With the commercial production of alloy AA 1200, there will be substantial saving on the usage of copper

Aluminium producers likely to see pressure on profits, says NALCO chief

Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.

Nalco announces it paid its highest ever dividend for FY19, stock gains 4%

At the bourses, shares of Nalco have underperfomed market by falling 32 per cent year-to-date (YTD) while the benchmark Nifty50 index has remained flat, down 0.20 per cent.

Nalco, MECL, HCL forge joint venture company to hunt mine assets abroad

The JV company has the mandate for acquisition, exploration & processing of strategic minerals abroad for commercial use and for supplying to meet the domestic requirement

CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17

Nalco FY19 net profit surges 29% to Rs 1,732 crore, best ever in a decade

The striking takeaway from Nalco's physical parameters was aluminium production of 0.44 MT, the best in the last eight years