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HCL posts Rs 28.55 cr profit in Q2, to form JV with MECL, NALCO

Kolkata, Nov 11  State-run Hindustan Copper Ltd (HCL) on Friday reported that its net profit jumped over four times to Rs 28.55 crore for the quarter ended September 30 as compared to Rs 6.77 crore in the year-ago period. The miner is set to form a joint...

Nalco registers Rs 129 crore profit in Q1

Bhubaneswar, Aug 9 (IANS) The National Aluminium Co Ltd (NALCO) has registered a net profit of Rs 129 crore in the first quarter (Q1) of the current fiscal 2017-18, compared to Rs 135 crore in the corresponding previous fiscal. According to the reviewed...
Nalco records Rs 144 crore profit in Q3

Nalco records Rs 144 crore profit in Q3

Bhubaneswar, Feb 14  National Aluminium Company Limited (Nalco) recorded a Rs 144-crore profit in the third quarter of the 2016-17 fiscal, it was announced on Monday.According to the reviewed financial results for the 3rd quarter taken on record by the...
Nalco, NINL to set up joint venture for coal tar plant in Odisha

Nalco, NINL to set up joint venture for coal tar plant in Odisha

Bhubaneswar, Feb 01  National Aluminium Company Limited (Nalco) and Neelachal Ispat Nigam Limited (NINL) have signed a memorandum of understanding (MoU) to set up a joint venture company for producing coal tar pitch in Odisha.“The agreement is...
NTPC and NALCO to form JV for Power Generation

NTPC and NALCO to form JV for Power Generation

NTPC Limited and National Aluminium Company Limited (NALCO) signed an Memorandum of Understanding (MoU) today in  New Delhi  in the presence of Shri  Piyush Goyal,  Minister Of State (I/C) Power, Coal, NRE and Mines, Shri Dharmendra Pradhan, Minister...
Nalco Q4 net falls 41 percent at Rs.208 crore

Nalco Q4 net falls 41 percent at Rs.208 crore

Mumbai, May 30  State-run National Aluminium Company (Nalco) on Sunday posted a 41.4 percent drop in standalone net profit, at Rs.207.94 crore, for the fourth quarter ended March, as compared to a net profit of Rs.354.87 crore in the same period a year...
Nalco, Iran’s IMIDRO set up joint task force for smelter, power plant

Nalco, Iran’s IMIDRO set up joint task force for smelter, power plant

Bhubaneswar, April 12  Aluminium major Nalco said on Monday that it will set up a joint task force with Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) to deliberate on a proposed smelter and gas-based power plant...

Nalco registers Rs.133 crore profit in third quarter

Bhubaneswar, Feb 12  Aluminium major Nalco has registered a net profit of Rs.133 crore in the third quarter ended December 2015.According to the reviewed financial results for the third quarter of the 2015-16 financial year taken on record by the board...

Nalco to set up 1 mtpa refinery plant in Odisha

Bhubaneswar, Nov 10  Aluminium major Nalco will set up a one million tonnes a year alumina refinery plant in Odisha as part of its expansion plan, union mines secretary Balvinder Kumar said on Monday.The company would set up the plant at Damanjodi in...

Nalco proposes Rs.30,000 crore investment in Odisha

Bhubaneswar, Sep 8  Aluminium giant Nalco has said it was ready to invest Rs.30,000 crore in Odisha, which recently unveiled a new industrial policy with an aim to attract investment of Rs.1.73 lakh core.“Out of the prospective investors in Odisha,...

NALCO embarks on growth plans

Bhubaneswar, Sep 29  Odisha-run National Aluminium Company Ltd. (NALCO) said it has embarked on growth plans which involve a substantial investment in next three to four years not only in aluminium but also in energy sector. Chairman Ansuman Das said...
NALCO to supply raw material to Odisha aluminium park

NALCO to supply raw material to Odisha aluminium park

Bhubaneswar, June 27  India’s state-owned National Aluminium Company Limited (NALCO) reiterated its commitment to supply hot metal to a proposed aluminium park in Odisha. In a statement, the Bhubaneswar-headquartered aluminium producer said it...
NALCO’s Q3 Net Profit: Rs. 131 crore Net Sales: Rs. 1621 crore

NALCO’s Q3 Net Profit: Rs. 131 crore Net Sales: Rs. 1621 crore

New Delhi, Jan 31 : National Aluminium Company Limited (NALCO), a Navratna PSU of Ministry of Mines has announced the results for the 3rd quarter ended December 2013. According to the reviewed financial results for 3rd quarter of the financial year 2013-14,...
Production resumes at seven Odisha coal mines

Production resumes at seven Odisha coal mines

Bhubaneswar, Dec 5  Production resumed at the seven open cast coal mines of state run-Mahanadi Coalfields Ltd. (MCL) in Odisha, which were shut since Nov 29 after violent clashes over job cuts, officials said. “We have resumed operations at all...

Nalco declines alumina supply to Vedanta

Bhubaneswar, Sep 30  Aluminium major Nalco has declined to supply a trial amount of alumina to Vedanta Aluminium, triggering a controversy here. It agreed to supply 53 tonnes of alumina to Vedanta smelter, in the district headquarters town of Jharsuguda,...

NALCO commissions wind power project in Rajasthan

Bhubaneswar, June 12  State-owned National Aluminium Company Limited (NALCO) Tuesday said it has commissioned its second wind power project in Rajasthan’s Jaisalmer district. The Bhubaneswar headquartered aluminium producer, which has been foraying...

Nalco pays 15 percent interim dividend

Bhubaneswar, April 26 The state-run National Aluminium Company Limited (Nalco) has declared an interim dividend amounting to Rs.193.29 crore for the financial year 2012-13, which includes the Indian government share of Rs.156.68 crore. The cheque for...
NALCO cuts domestic aluminium price

NALCO cuts domestic aluminium price

Bhubaneswar, April 4  State-owned National Aluminium Company Ltd (NALCO) has decreased its domestic aluminium price by Rs.3,000 a tonne as the international price of the metal has come down, a company official said. This is the third time since the start...
NALCO hikes aluminium prices by Rs.5,000 per tonne

NALCO hikes aluminium prices by Rs.5,000 per tonne

Bhubaneswar, Feb 18  State-owned National Aluminium Co. Ltd. (NALCO) has increased prices of all its products by Rs.5,000 per tonne, a senior company official said. “We have increased the price of all our aluminium products by Rs.5,000 after aluminium...

NALCO setting up wind power plant in Rajasthan

Bhubaneswar, Jan 19 State-run National Aluminium Company Limited (NALCO) said it is setting up its second wind power plant in Rajasthan with an investment of Rs.283 crore. The 47.6 MW plant would be set up at Ludarva in Jaisalmer district. The project...