Page 2 - National Aluminium Company

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

Here's why HDFC Securities recommends buying National Aluminium, PNB

According to Vinay Rajani of HDFC Securities, metal as a sector has been outperforming for a while and technical setup of the metal index is much stronger than Nifty.

Nalco posts over three-fold jump in December quarter profit at Rs 831 cr

National Aluminium Company Ltd (Nalco) on Monday said its December quarter consolidated profit surged over three times to Rs 830.67 crore. The company had posted a profit of Rs 239.71 crore for the year-ago period, Nalco said in a filing to BSE. Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said. The company paid final dividend of Rs 1 per equity share amounting to Rs 183.66 crore for 2020-21. With this, the total amount of dividend payout for 2020-21 is Rs 3.50 per equity share -- interim dividend of Rs 2.50 per share and final dividend of Rs 1 per share amounting to Rs 644.27 crore.

Nifty Metal index can hit historic high; Hindalco, NMDC may rally up to 17%

The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.

Stocks to Watch: ONGC, Hindalco, Zee, NMDC, Tata Steel, Aptech, VodaIdea

Amaraja Batteries, Apollo Hospitals, Ashok Leyland, Bharat Forge, BPL, Glenmark Pharma, Hero MotoCorp, Vodafone Idea, National Aluminium, Reliance Capital, SpiceJet and Suzlon are some of the stocks

Decade-high Aluminium price can spark up to 25% rally in these metal stocks

The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume

State-owned Nalco's first quarter profit soars to Rs 348 crore

The company had reported a consolidated profit of Rs 16.69 crore in the year-ago period.

Select base metals may continue to rally in 2021 over weakening dollar

Zinc, aluminium poised for correction as prices move ahead of fundamentals

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

Aluminium scrap imports up 6.5% despite 13% slump in auto production

Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils

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

Metal stocks shine on positive global cues; Coal India gains 6%

Metal stocks gained after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war.

Nalco to focus on merchant mining, bid for bauxite blocks in Jharkhand, MP

As part of its corporate diversification strategy, National Aluminium Company (Nalco) has identified merchant mining as its next key focus area. Along with commercial mining of bauxite, the navratna PSU is eyeing acquisition of cobalt and lithium abroad.Traditionally, Nalco's focus has been on alumina and aluminium business though the company has diversified to wind power and is actively pursuing upstream integration plans like caustic soda and coal tar pitch plants. Alumina sales which contribute nearly three fourths to Nalco's Ebitda (earnings before interest, taxes, depreciation and amortization) have driven its profitability over the years."We are attaching huge emphasis on merchant mining. Nalco is gearing up to participate at the auctions of bauxite blocks on offer in the states of Jharkhand, Chhattisgarh and Madhya Pradesh. With its proven expertise in captive bauxite mining and its entire value chain, Nalco can effectively take up mining on commercial scale and meet the ...