Page 2 - National Aluminium Company

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 ...