Page 2 - Nalco

Nalco posts extraordinary Q4 results on back of global boom in aluminium

Higher aluminium prices led to 855% rise in net profit in FY21

Odisha government grants mining lease of Utkal-E coal block to NALCO

The Department of Steel and Mines of Odisha government granted the mining lease of Utkal-E coal block to National Aluminium Company Limited (NALCO) through a notification issued on April 12

National Aluminium Co gets mining lease for Utkal-E coal block in Odisha

National Aluminium Company Ltd (Nalco) on Friday said it has been granted the mining lease of Utkal-E coal block in Odisha. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 hectare, the company said in a filing to BSE. The initial capacity of the block is 2 million tonnes per year with a total mineable reserve of approximately 70 million tonne. Nalco has already executed the mining lease for Utkal-D coal block in March 2021. With the grant of Utkal D & E coal blocks, the total mineable coal reserve of the company will be 175 million tonnes, which will be pivotal in meeting the coal requirement of its captive power plant at Angul, Odisha. Sridhar Patra, CMD of the company said the NALCO team is very optimistic on starting the mining operation from Utkal-D coal block in this financial year. "With the grant of ...

Sensex slips for 3rd day, drops 379 pts, Nifty defends 15,100; ONGC up 8%

Sectorally, the Nifty PSU Bank index jumped another 5.6 per cent today, while the Nifty CPSE and Energy indices settled up to 4 per cent higher

Nalco posts net profit at Rs 240 crore; revenue up 14% to Rs 2,378 crore

Revenue grew by 14 per cent to Rs 2,378.79 crore against Rs 2,088.35 crore in the same period

State-owned NALCO to buy back Rs 749-crore shares, says DIPAM secy

State-owned NALCO will buy back Rs 749 crore worth of shares, DIPAM Secretary Tuhin Kanta Pandey said on Thursday.

BHEL secures Rs 450 cr order for steam and power plant from NALCO

BHEL said it has bagged an order worth Rs 450 crore for a steam and power plant from National Aluminium Corporation Limited

Nalco to invest Rs 30,000 crore on expansion by 2027-28: Pralhad Joshi

Union minister Pralhad Joshi on Thursday said state-run National Aluminium Company Ltd (NALCO) will invest around Rs 30,000 crore for its ambitious expansion and diversification projects in the next six to seven years, which will help achieve the Centre's goal of 'Atmanirbhar Bharat'. Addressing the 41st foundation day function of the Navaratna PSU here, the coal and mines minister said the growth plans of the company are in line with the country's objective to become self-sufficient in production of the metal. "NALCO has made ambitious business growth plans for which the company will be investing around Rs 30,000 crore in the next six to seven years (by 2027-28)," the minister said. He said Rs 22,000 crore will be spent on the expansion of the company's aluminium smelter unit and construction of a 1400-MW feeder captive power plant (CPP) in Angul. Over Rs 7,000 crore will be used for the fifth stream refinery, development of Pottangi bauxite mine and Utkal D & E ...

Nalco reports consolidated profit of Rs 107 cr in September quarter

he company had posted a loss of Rs 28.25 crore for the year-ago period, Nalco said in a filing to BSE

2019-2020 has been a year of mixed results for NALCO: CMD Sridhar Patra

"After Q1 of 2020-21 there are some signs of recovery with easing of restrictions and resumption of economic activities. This gives rays of hope for better financial performance," the NALCO CMD said

Nalco inks pact with Numaligarh Refinery for calcined petroleum coke supply

The memorandum of understanding (MoU) was signed on Thursday, Nalco said in a BSE filing

Nalco Q1 profit drops 82.9% to Rs 17 cr, income down at Rs 1,413.9 cr

The company had posted a consolidated profit of Rs 97.87 crore in the corresponding quarter of the previous fiscal, the state-owned firm said in a BSE filing

Nalco-Midhani JV to rope in environmental consultant for AP aluminium plant

The JV has been formed to set up 60,000 tonnes per annum high-end aluminium alloy production plant at Nellore, Andhra Pradesh

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