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Tag: Nalco

Nalco tension
Tension At Damanjodi NALCO Following Police-Oustees Face-Off; Sec 144 Clamped

Jeypore: Tension erupted at National Aluminium Company Limited (NALCO) at Damanjodi here in Koraput district following a scuffle between Police and NALCO oustees who were on dharna for last four days demanding jobs. Police hurled tear gas shell as the protesters reportedly pelted stones at the security personnel. One police personnel sustained injuries while a […]

DPR Of Brownfield Expansion Project Of Nalco's CPP And Smelter At Angul Is Underway: Union Min Joshi

Bhubaneswar: Union Mines Minister Pralhad Joshi has said that preparation of the Detailed Project Report (DPR) of the 0.5 Mtpa brownfield expansion project of Nalcos captive power plant (CPP) and smelter at Angul is underway. In a letter to Petroleum and Natural Gas Minister Dharmendra Pradhan, Joshi said there is no change in the brownfield […]

NALCO To Invest Rs 30K Crore On Expansion By FY 2027-28: Pralhad Joshi

Bhubaneswar: National Aluminium Company Limited (NALCO) will invest around Rs 30000 crore by the financial year 2027-28 on the company’s expansion and diversification plans, Union Minister for Coal and Mines Pralhad Joshi said this while addressing the 41st Foundation Day of NALCO on Thursday at the company’s headquarters in Bhubaneswar. Of this proposed investment, the […]

Pradhan Writes To Centre For Commencement Of Nalco’s Brownfield Expansion Project

Bhubaneswar: Union Minister Dharmendra Pradhan on Monday shot off a letter to Union Minister of Coal, Mines Prahalad Joshi urging the latter to increase the capacity of Nalco’s Aluminium smelter plant at Angul. In his letter, Pradhan has urged Joshi to take necessary steps for increasing Nalco smelter plant’s capacity to 1 MTPA from existing […]

NALCO Ash Breach: Locals Allege Shoddy Management

Angul: Ash-laced water from National Aluminium Company (NALCO) in Angul has been allegedly polluting the local Nandira nullah in the area surrounding the PSU Navratna Company. Locals alleged that the leaked residue from the company’s ash pond has been polluting the nullah and subsequently adding up to the pollution of Brahmani River. “This is a […]

Dance Inside COVID Hospital: NALCO Staff Suspended After Video Goes Viral

Koraput: A staff of National Aluminium Company Limited (NALCO) was suspended on Friday after his video dancing inside Koraput COVID hospital went viral on social media. The employee, posted as chargeman Gr.II (Transport pool mines) at NALCO, has now been placed under suspension on the charges of misconduct. As per sources, the concerned NALCO employee […]

NALCO Declares Rs 138.23 Crore Profit In FY19-20

Bhubaneswar: National Aluminium Company Limited (NALCO) has posted a net profit of Rs 138.23 crore in FY19-20, said a statement on Friday. According to the audited financial results for the year, taken on record by the Board of Directors in a meeting held on Friday, NALCO has posted a net profit of Rs 138.23 crore […]

Odisha to have 36 dedicated hospitals for COVID-19 patients soon: Official

Bhubaneswar: Amid spurt in coronavirus cases, the Odisha government is set to have 36 dedicated hospitals soon for treatment of COVID-19 (Coronavirus) patients, an official said on Wednesday. These hospitals covering all the 30 districts of the state will have a combined bed capacity of 6,000, he said. As of now, “20 exclusive COVID hospitals” […]

Union Min Pralhad Joshi Lays Foundation Stone Of Rs 483cr Crusher & Conveyor System At NALCO

Bhubaneswar: Union Coal and Mines Minister Pralhad Joshi on Tuesday laid the foundation stone of a Crusher and Conveyor System to be readied with an investment of Rs 483 crore at aluminium major NALCOs Mining & Refinery (M&R) Complex in Damanjodi. The system will cater to feed bauxite for the 5th stream of Alumina Refinery […]

NALCO Faces 'Acute' Shortage Of Coal, Scrips Down 4%

Mumbai: National Aluminium Company Limited (NALCO) on the NSE fell over 4 per cent after the company informed the exchanges of acute shortage of coal to run operations. NALCO said it is running out of buffer coal as there is a shortfall of around 7,000-8,000 tonnes coal per day. “NALCO’s requirement of coal for its […]

Agitations hit coal supplies from MCL mines in Odisha

Bhubaneswar:  The coal supplies from Talcher and IB valley collieries under the Mahanadi Coalfields Limited (MCL) in Odisha were severely hit due to the ongoing agitations by local people demanding employment, an official said on Friday. At least 60,000 tonnes of coal could not be supplied to various consumers from Balram open cast project (OCP) […]

Make aluminium the metal of choice for future: Mines Secretary

Bhubaneswar: Union Mines Secretary Anil Mukim on Thursday urged the stakeholders to work towards increasing the domestic consumption of aluminium in a sustainable manner and make it the metal of choice for the future. Addressing the International Conference on Aluminium (INCAL 2019) here, he stressed on value addition in the aluminium industry and encouraging the […]

Nalco in expansion mode, to invest 45K cr in new and existing projects: CMD

Bhubaneswar: Buoyed by increasing domestic demand on the back of infrastructural development, state-run National Aluminium Company Ltd (Nalco) plans to embark upon a Rs 25,000 crore brownfield and Rs 20,000 crore greenfield expansion in the next few years, its Chairman and Managing Director T.K. Chand said, adding this should eventually improve the bottomline by Rs […]

NALCO preparing business model to earn additional Rs 935 crore

Bhubaneswar: National Aluminium Company Ltd (NALCO) on Sunday said it is preparing a game-changing business model that will bring an additional Rs 935 crore net profit to the company. “The model provides for focusing operation of Utkal-D coal block, commissioning of 1 million tonne alumina refinery, setting up of Wire Rod Mill 3, bringing into […]

NALCO registers its highest profit in a decade

Bhubaneswar: National Aluminium Company Ltd (NALCO) on Sunday said during the 2017-18 financial year, the company achieved the highest net profit in the last 10 years of Rs 1,342 crore against Rs 669 crore in the previous year. In the fourth quarter, the company has earned a net profit of Rs 257.06 crore. “The year […]

Jamir for quality skill development system

Bhubaneswar: Odisha Governor S C Jamir today called on industries to ensure a quality skill development system to meet their own needs as well as provide growth opportunities to the youth. “The skills vs jobs requirement mismatch often leads to economically inactive working age group people. Therefore, industry must recognise the role of skilling to […]

Nalco records Rs 235 cr profit in second quarter

Bhubaneswar: The National Aluminium Company Limited (Nalco) has achieved a net profit of Rs 235 crore for the second quarter in the financial year 2017-18. According to the reviewed financial results for the second quarter taken on record by the Board in the meeting held here on Saturday, Nalco has achieved net profit of Rs […]

Nalco staring at crisis amid coal shortage

Bhubaneswar: Daily aluminium output at Nalco is likely to get adversely affected due to fall in coal production at Bharatpur mines of Mahanadi Coalfields Ltd (MCL) and discontinued import of coal from other states. Nalco had already shut down three units of its power plant owing to coal shortage. CMD of the company Tapan Kumar […]

Sec 144 imposed in Damanjodi after protests over Nalco expansion

Koraput: The Koraput district administration imposed Section-144 in Damanjodi area following protests by villagers of Ambogaon over construction of a boundary wall by Nalco. The administration has also deployed four platoons of police force in the area to avoid any untoward incident. Sources said the locals have been protesting construction of the boundary wall by […]

Nalco setting up 5th stream to boost capacity in refinery

Bhubaneswar: National Aluminium Company (Nalco) is in the process of setting up a fifth stream in its existing alumina refinery in Odisha, an official said on Saturday. The refinery will add one million tonnes per annum (MTPA) to its existing capacity of 2.275 MTPA at a capital expenditure of Rs 5,540 crore. “The fifth stream will […]

Truck runs over two CISF personnel

Angul: Two CISF personnel died in a road accident here at FCI square under Nalco police limits late on Friday night. The deceased identified as Prakash Dibakar and Jitendra were posted as CISF personnel at Nalco. Sources said, their motor cycle lost control and collided against a road divider. A speeding truck hit them as they fell […]

No plans to divest Nalco stake, instead Rs 5,540 cr investment on cards: Centre

New Delhi/Bhubaneswar: Rubbishing recent media reports that the Centre is planning to divest its stake in National Aluminium Company Ltd (NALCO), a Navratna public sector undertaking, the Mines Ministry today stated that rather a proposal for investment of Rs 5,540 crore for the PSU’s expansion is under consideration. The ministry sources said the Rs 5,540 […]

naveen patnaik
CM Naveen writes to PM Modi against further disinvestment of Nalco

Bhubaneswar: Odisha Chief Minister Naveen Patnaik today urged Prime Minister Narendra Modi against further disinvestment of the Nalco. He also urged to issue instructions to the Ministry of Mines in this regard. “Nalco has been a symbol of Odisha’s pride. There is discontentment among the people of Odisha and the employees of the company after […]

electricity hike
Odisha industries decry steep electricity duty hike for CPPs

Bhubaneswar: Industries in Odisha today decried the steep hike of 83 per cent in electricity duty for Captive Power Plants (CPPs) saying it will hamper investment and urged the state government for a roll back. Prominent industries including NALCO, JSPL, Vedanta, HINDALCO, PPL, MCL, JSL, IMFA, Nava Bharat, Tata Steel, Tata Iron and Sponge, FACOR […]

Nalco employees launch 24-hour strike protesting divestment

Angul: Protesting Centre’s disinvestment plan, National Aluminium Company Ltd (Nalco) employees today launched a 24-hour strike bringing the operations to a grinding halt. The operations at smelter plant and the captive power plant of profit-making Public Sector Undertaking (PSU) have been virtually paralysed as workers, engineers and executives belonging to different unions of the company […]