Tag: Nalco

Bhubaneswar: Central government-owned public sector company National Aluminium Company Limited (Nalco) today appointed V. Balasubramanyam as the new executive director of production of the company on superannuation of S.S. Mahapatra yesterday. Balasubramanyam, a BTech in Chemical Engineering from Anna University in Chennai in 1984, started his career with the Navratna company in December 1984 as […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Bhubaneswar: Union Power and Coal Minister Piyush Goyal today dedicated to the nation 4 wind power plants built by NALCO and annuonced an expansion plan for the aluminium major to raise its capacity to 1 MTPA. “We are taking concrete steps to increase production of NALCO. There is a major expansion programme to raise its […]

Bhubaneswar: Industries must focus on compensation for contract labour which has become a key player in shaping productivity and growth, CMD of aluminium major NALCO, Tapan Kumar Chand said today. “Contemporary industrial scenario is marked by emergence of knowledge worker and focus is on contract labour. The contract labour is no more a minor partner […]

Bhubaneswar: Navaratna PSU Nalco is planning to increase its purchase preference from MSMEs from the existing 15 per cent to 20 per cent. Nalco chairman-cum-managing director T K Chand also said the company would enhance the procurement volume from the MSME sector. “While Nalco provides a large market for the MSMEs of Odisha and has […]

Bhubaneswar: National Aluminium Company Limited (Nalco) and Neelachal Ispat Nigam Limited (NINL) have signed an MoU to set up a joint venture company for producing coal tar pitch in Odisha. “The agreement is part of the new business plan of Nalco to ensure backward integration and sustain the plans for forward integration,” said Nalco CMD […]

Bhubaneswar: Despite a world-wide sluggish market in metal sector, Navratna PSU Nalco has registered an impressive performance in the first half of 2016-17 fiscal. While bauxite mining was up by 23.6 per cent at 35.08 lakh tonnes as compared to the corresponding six months of the previous financial year, the alumina hydrate production rose by […]

Bhubaneswar: State-run Nalco today inked a pact with the Union Ministry of Mines to meet revenue target Rs 7,100 crore revenue from operations. The MoU was formulated as per the new guidelines of Department of Public Enterprises and finalised after discussions with both an Inter-Ministerial Committee as well as Ministry of Mines. The MoU was […]

Bhubaneswar: Navaratna PSU National Aluminium Company Limited (NALCO) has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company s 22,75,000-tonne lumina refinery is located. NALCO has been granted the mining lease of Pottangi with an area covering 1,738 hectares for a period of 50 years, a company release said here today. […]