Page 4 - Nalco

Rising wage costs blunt Nalco's strategic advantages in metal production

The unrestrained hike in wage bills year after year is steadily eroding National Aluminium Company's (Nalco) competitive edge in metal production.A research report by brokerage firm Motilal Oswal shows employee wages now account for more than $500 per tonne in the cost of aluminium production, the highest in the world. Although Nalco's total headcount had subsided two per cent to 6776 at the end of 2017-18, average recurring annual wages per employee still climbed 32 per cent to Rs 2.9 million- the report dubs it as the highest in the Indian metal and mining industry. Wages are eroding the navratna company's strategic advantages despite its attractive valuations, the report commented.Nalco's average cost of metal production moved up by 10 per cent in last fiscal to $2187 (or Rs 140,999) per tonne. Variable costs and wage hikes were the key drivers to the hike in production costs besides input commodity inflation fuelled by rise in alumina and carbon prices. Though Nalco could cut its .

Nalco to scale up downstream portfolio, plans Rs 55.2-bn project

Billed as the largest investment in metal downstream space in Odisha, the project will be funded wholly from Nalco's internal accruals

Nalco declares the highest dividend pay of Rs 11.02 billion for 2017-18

Speaking on the sidelines of the 37th AGM, Tapan Kumar Chand, chairman & managing director, Nalco, attributed the success to team work, strong cost focus and strategic planning

Nalco seeks Russian technology, investments for Angul aluminium park

The response to the Angul park has been unprecedented and it is set to become a major centre in the world for aluminium downstream activities

Weak rupee, firm alumina prices to bolster Nalco's earnings

Rupee devaluation is favouring Nalco as alumina sales contribute 46 per cent to the company's gross turnover

Nalco to invest Rs 1.31 billion on wire rod unit to tap power sector demand

Estimated at Rs 1.31 billion, the planned facility envisages an installed capacity of 40,000 tonnes per annum of alloy grade material

Riding on alumina segment, Nalco Q1 net profit soars 433% to Rs 6.87 bn

Tapan Kumar Chand, chairman & managing director of Nalco, owed the success to teamwork, strong cost focus and strategic planning

Nalco's Capex zooms 283% from Rs 2.82 bn in FY15 to Rs 10.81 bn in FY18

Nalco is adding the fifth stream to its Damanjodi refinery in south Odisha's Koraput district

Aluminium park creates demand matching Nalco's rated capacity

To meet the surge in aluminium demand, Nalco is opting for brownfield expansion at its Angul facility

Nalco lines up Rs 200 bn capex over next 5 yrs to ramp up production

With the new smelter, the company targets a turnover of Rs 320 billion by 2032, which would earn it the tag of a Maharatna company

Nalco plans new business model to rake in Rs 9.35 bn of net profit in 3 yrs

Nalco is adding the fifth stream to its existing alumina refinery at Damanjodi (Odisha) at a cost of Rs 5.54 bn, an initiative set to boost the company's net profit by Rs 2.75 bn

Nalco to tap waste-to-wealth model using Chinese tech to boost bottom line

Company hopes to extract 15-20 mn tonnes of iron ore concentrates from its inventory of 60 mn tonnes of red mud

Navratna firm Nalco target 15% rise in FY19 revenue at Rs 93.5 bn

Enters MoU with mines ministry, targets 2.1 mn tonnes alumina output with 100% capacity utilisation & an optimum aluminium production target of 0.41 mn tonnes

Captive coal to cut Nalco's aluminium cost by 25%

Utkal D block to cut the cost of production by $500 per tonne

Nalco making windfall gains from recent spike in global alumina prices

Globally, alumina prices have surged 80 per cent since the US clamped sanctions on major Russian producer Rusal

Nalco rides on London Metal Exchange gains, sees room for more price hikes

Along with aluminium, alumina prices have also gone up, bringing gains for Nalco

Nalco, Canada's Almex to forge JV for Rs 25 bn auto-grade aluminium unit

The project, spread across 50 acres, will come up at the downstream aluminium park at Angul (Odisha) close to Nalco's aluminium smelting unit

Nalco seeks approval for Pottangi bauxite mining lease in Koraput

The Pottangi mines with 75 million tonnes bauxite reserve would feed Nalco's new one-million-tonne refinery planned at Damanjodi

Nalco's alumina exports to halve in 3-4 years, to impact profit margins

Alumina exports by National Aluminium Company (Nalco) are set to halve over the next three to four years as the company looks at higher conversion to aluminium and value added products.Each year, Nalco exports around one million tonne of surplus alumina. Nalco's internal consumption of alumina is poised to go up as the navratna company is going for brownfield expansion of its aluminium smelter at Angul. Nalco is adding 0.6 million tonne capacity at Angul where its current rated capacity is 0.46 million tonne per annum (mtpa)."If our new smelter comes up, it will consume 1.2 million tonne of alumina each year. In that case, Nalco's exports of alumina would reduce by 50 per cent in the next three to four years. Alumina exports, however, will not stop altogether as we are also expanding our alumina refinery capacity", said T K Chand, chairman & managing director at Nalco.Alumina and not aluminium, has been the key driver of Nalco's profitability over the years. Nalco being one of the

Nalco to foray into bauxite mining; eyes Rs 312 bn turnover by 2032

The long-term corporate plan prepared by leading consultancy KPMG envisages Nalco to reach a turnover of Rs 181 bn with profit after tax of Rs 16.93 bn by 2024