Page 8 - Nalco

Piyush Goyal inaugurates four wind power plants

The plants, unveiled in Bhubaneswar, are located in Rajasthan (two plants), Maharashtra and AP

Nalco readies Rs 25,000-crore investment for expansion

The share price, face value of Rs 5, has more than doubled in the past

Nalco set to join one million tonne aluminium club in 3 yrs

National Aluminium Company (Nalco) is all set to join the club of one million tonne aluminium producers by 2020. The company has lined up over Rs 20,000 investment to ramp up its aluminium, alumina and power capacities.Among the major aluminium producers in the country, Hindalco and Vedanta have metal capacities of over one million tonne.Nalco's aluminium smelter at Angul can now produce optimum of 0.46 million tonne per annum. The company plans to put up a new pot line to its existing facilities which will boost the aluminium making capacity to over one million tonne."A fifth pot line with capacity to produce 0.6 million tonnes of aluminium will be added to the existing four aluminium smelting pot lines at Angul. The cost of the project is pegged at Rs 12,000 crore. Though normally, such work would take 3.5 to 4 years to complete, we are trying to complete it within 3 years", said a top official of Nalco.Down the line, the company has initiated steps to augment its power generation ..

Nalco eyes profitability from aluminium operations by FY19 end

National Aluminium Company (Nalco) hopes to turn in profit from its aluminium business towards the end of 2018-19 after commencement of coal mining from its captive Utkal D coal block."With the starting of coal production from Utkal-D and Utkal-E blocks, the power cost will plunge which will make the aluminium business more profitable. We are hopeful that the production from Utkal-D block will start in two years", T K Chand, chairman cum managing director of Nalco told Business Standard.Power cost accounts for 40 per cent of aluminium production. Despite being the lowest cost producer of alumina in the world, steep power cost was constraining Nalco's ability to be cost effective in aluminium production. Nalco's production cost of the hot metal hovers around $1450 per tonne. On the contrary, Nalco's private sector rival Vedanta reported an average aluminium production cost of $1429 per tonne with its Jharsuguda smelter achieving even a lower production cost of $1388 a tonne. Vedanta, ..

Nalco logs highest ever bauxite output, production up 17%

It achieved a volume of 6.56 million tonne in April-February period of this fiscal

Nalco to buy 80% power from proposed JV plant

The power plant, estimated to cost Rs 14,000 crore, is being set up by Nalco jointly with NTPC

Nalco Q3 net dips marginally to Rs 144 cr

However, company posts 30% dip in profit to Rs 400 cr for 9 months ended December 2016

Nalco logs 18% growth in bauxite output in 2016

This is the highest growth for Nalco since inception and also a record in the mining industry

Nalco to invest Rs 12,000 cr on new smelter in Odisha

The proposed smelter's capacity is pegged at 0.6 million tonnes per annum, power generated by the super thermal power station will feed this greenfield smelter

National Aluminium falls on disappointing Q2 results

The stock dipped 9% to Rs 60 on BSE after the company reported 52% YoY drop in profit at Rs 121 crore in Q2FY17

Nalco likely to hold back Iran smelter plans

Nalco has kept its options open to go for a toll-smelting arrangement with some Iranian firms

Nalco's aluminium sales up 6% in Apr-Sept

In terms of production, Nalco's performance was stellar, especially bauxite mining, which was up 23.6%

Nalco sets Rs 1,021 crore Capex target for FY17

Capex will be used for projects like development of Utkal D&E coal blocks, wind power projects of 50 Mw each in Maharashtra & Rajasthan

Indian government asks state-run NALCO to re-think Iran smelter unit plan

Earlier in May, the company had entered into an initial agreement with Iran's mining development body to supply alumina

Nalco net down 22% in Q1 on lower realization

The dip in net profit to lower market realization despite quantum jump in production

Nalco's Q1 net profit dips 26% to Rs 135 crore

State-run firm had clocked a net profit of Rs 174.32 crore in the year-go period

Nalco aims to cut aluminium output cost by 9%

Firm plans to bring in new energy-efficient technology, ramp up metal output through brownfield expansion

Nalco aims to cut aluminium output cost by 9%

Company to adopt energy-efficient technology, ramping up metal output through brownfield expansion

Nalco to start work on expanding Damanjodi refinery in February 2017

Expansion set to cost the company Rs 5,600 crore; it will help add fifth stream to the refinery

Nalco relocates second smelter to Angul, focuses on cost cut

The second smelter and power complex is expected to cost Rs 14,000 crore