Page 6 - Nalco

Nalco to invest Rs 12,000 cr on new smelter in Odisha

The proposed smelter's capacity is pegged at 0.6 million tonnes per annum, power generated by the super thermal power station will feed this greenfield smelter

National Aluminium falls on disappointing Q2 results

The stock dipped 9% to Rs 60 on BSE after the company reported 52% YoY drop in profit at Rs 121 crore in Q2FY17

Nalco likely to hold back Iran smelter plans

Nalco has kept its options open to go for a toll-smelting arrangement with some Iranian firms

Nalco's aluminium sales up 6% in Apr-Sept

In terms of production, Nalco's performance was stellar, especially bauxite mining, which was up 23.6%

Nalco sets Rs 1,021 crore Capex target for FY17

Capex will be used for projects like development of Utkal D&E coal blocks, wind power projects of 50 Mw each in Maharashtra & Rajasthan

Indian government asks state-run NALCO to re-think Iran smelter unit plan

Earlier in May, the company had entered into an initial agreement with Iran's mining development body to supply alumina

Nalco net down 22% in Q1 on lower realization

The dip in net profit to lower market realization despite quantum jump in production

Nalco's Q1 net profit dips 26% to Rs 135 crore

State-run firm had clocked a net profit of Rs 174.32 crore in the year-go period

Nalco aims to cut aluminium output cost by 9%

Firm plans to bring in new energy-efficient technology, ramp up metal output through brownfield expansion

Nalco aims to cut aluminium output cost by 9%

Company to adopt energy-efficient technology, ramping up metal output through brownfield expansion

Nalco to start work on expanding Damanjodi refinery in February 2017

Expansion set to cost the company Rs 5,600 crore; it will help add fifth stream to the refinery

Nalco relocates second smelter to Angul, focuses on cost cut

The second smelter and power complex is expected to cost Rs 14,000 crore

Nalco's revenue pegged at Rs 7,100 crore in FY17

State-run aluminium firm has entered into a MoU with the mines ministry

National Aluminium gains on bagging Pottangi bauxite mines

The stock was up 4% at Rs 50.10 on the BSE in otherwise subdued market.

Nalco bags Pottangi mines

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

Nalco Q4 net profit down 41%

State-run National Aluminium Co Ltd (Nalco) today reported 41.4 per cent decline in standalone net profit to Rs 207.94 crore during the fourth quarter ended March 31, 2015-16. The Bhubaneswar-based firm had posted net profit of Rs 354.87 crore in the year-ago period. Nalco said in a BSE filing that its total income was up 4 per cent to Rs 1,874.36 crore in the January-March quarter of last fiscal, as against Rs 1,801.25 crore in the same period of 2014-15. The 'Navaratna' PSU's standalone net profit dipped 44.6 per cent to Rs 731.01 crore for the entire 2015-16, from Rs 1,321.85 crore in the previous fiscal. Total income for the full financial year ended March 31 also slipped 7.6 per cent to Rs 6,816 crore, from Rs 7,382.81 crore in 2014-15. The company said its Board has recommended payment of final dividend of Rs 75 paise per share (15 per cent on face value of Rs 5 each) on the equity share capital. This is in addition to interim dividend of Rs 1.25 per share (25 per cent on .

Nalco pulls out of JV with NPCIL for nuclear power plant in Gujarat

As per the joint venture agreement Nalco would have 26% stake in the new entity, NPCIL-Nalco Power Company

Nalco Q4 net falls 41% at Rs 208 crore

The Odisha-headquartered Nalco said in a stock exchange filing that its total income was up 4% at Rs 1,874.36 crore during the quarter in question

Nalco to buyback 25% shares

The government holds 80.93 per cent stake in this company

NALCO to explore building smelter in Iran

As New Delhi tries to boost trade ties with Tehran after the lifting of sanctions