Page 3 - Nalco

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

Nalco may switch back to long-term contracts as alumina prices dive

The company had moved away from long-term deals with major buyers and began risking its surplus in the international spot markets, selling over 95% of its exportable alumina here

Depressed alumina prices have mixed impact on domestic firms, Vedanta gains

Nalco loses heavily while there is no direct impact on Hindalco

Nalco posts Rs 28-cr Q2 loss on weak alumina prices, high coal cost

This is a rare quarterly loss for Nalco, known for consistent profitability. It has regularly figured among the top-three forex-earning public sector companies

Corporation tax rate cut to help Nalco tide over sagging alumina prices

The sobering of global alumina prices and stablisation in supplies have made it very difficult for Nalco to sustain the high profit momentum of last fiscal

Nalco says Damanjodi plant, Angul CPP affected due to acute coal shortage

Firm says it fully depends upon Mahanadi Coalfields for coal supply to these two units

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

Nalco launches aluminium alloy with high corrosion resistance, conductivity

With the commercial production of alloy AA 1200, there will be substantial saving on the usage of copper

Aluminium producers likely to see pressure on profits, says NALCO chief

Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.

Nalco announces it paid its highest ever dividend for FY19, stock gains 4%

At the bourses, shares of Nalco have underperfomed market by falling 32 per cent year-to-date (YTD) while the benchmark Nifty50 index has remained flat, down 0.20 per cent.

Nalco, MECL, HCL forge joint venture company to hunt mine assets abroad

The JV company has the mandate for acquisition, exploration & processing of strategic minerals abroad for commercial use and for supplying to meet the domestic requirement

CAG pulls up Nalco for less than optimal performance, loss of earning

Production loss, extra expenditure estimated at over Rs 2000 crore during 2012-13 to 2016-17

Nalco FY19 net profit surges 29% to Rs 1,732 crore, best ever in a decade

The striking takeaway from Nalco's physical parameters was aluminium production of 0.44 MT, the best in the last eight years

Nalco to make lithium ion cells after tech transfer deal with Isro

Facility to be set up in Odisha; company's entry into this space could temper imports, valued at $150 million in 2017

Nalco turns lowest cost producer of bauxite, alumina in FY19

Attains best ever bauxite output, export earnings swell to Rs 4792 cr

Nalco declares interim dividend of Rs 4.50 per share for the current fiscal

Shares of the company were trading 4.25 per cent higher at Rs 52.75 apiece on BSE

Nalco reappoints five independent directors on board for one-year tenure

These independent directors were appointed on the board for a period of three years in November 2015

Nalco declares share buyback offer worth Rs 5.05 bn; date of closing Nov 28

Last month, the company said its board has approved a proposal to buy back shares worth Rs 5.04 billion

Nalco's September qr net profit more than doubles to Rs 5.1 billion

The state-owned company attributed the growth to its new business model, which was introduced 18 months ago and helped helped it overcome volatility in alumina and aluminium markets due to US sanction

Nalco eyes net profit from aluminium biz by fiscal end, leans on LME prices

Nalco has turned Ebitda positive in aluminium vertical in first two-quarters of this fiscal; last year it had posted Rs two billion loss