Business Standard

National Aluminium Company

Nalco executes mining lease deed with Odisha government; stock gains 4.5%

Nalco share: The mines have an annual production capacity of 3.5 million tonnes and have reserves estimated at 111 million tonnes

Nalco executes mining lease deed with Odisha government; stock gains 4.5%
Updated On : 14 Jun 2024 | 2:20 PM IST

NALCO surges 10% on heavy volumes on strong Q3 earnings

Earnings before interest, tax, depreciation, and amortization (EBITDA) jumped 68 per cent YoY to Rs 770 crore, driven by better operating performance in the aluminum business.

NALCO surges 10% on heavy volumes on strong Q3 earnings
Updated On : 14 Feb 2024 | 2:23 PM IST

Nalco posts 49% increase in net profit at Rs 187 crore in Sep quarter

State-owned National Aluminium Company Ltd (Nalco) on Thursday reported a 49.3 per cent increase in consolidated profit to Rs 187.35 crore for the September quarter. The company had posted a consolidated profit of Rs 125.43 crore in the year-ago period, Nalco said in a filing to the BSE. However, the consolidated income of the company during the July-September period dropped to Rs 3,112.02 crore over Rs 3,558.85 crore in the year-ago period. Nalco is a navratna public sector undertaking under the Ministry of Mines.

Nalco posts 49% increase in net profit at Rs 187 crore in Sep quarter
Updated On : 09 Nov 2023 | 4:22 PM IST

National Alumimiun slips over 4% after Q1 net plunges 40%

The company's consolidated net profit dropped to Rs 333.76 crore in Q1FY24 from Rs 557.91 crore in Q1FY23. Total income was down 16.1 per cent YoY at Rs 3,226.88 crore.

National Alumimiun slips over 4% after Q1 net plunges 40%
Updated On : 14 Aug 2023 | 10:28 AM IST

Nalco consolidated net profit declines 40% to Rs 334 crore in June quarter

National Aluminium Company Limited (NALCO) on Friday posted a 40 per cent decline in consolidated net profit to Rs 333.76 crore for the June quarter due to lower income. It had clocked a net profit of Rs 557.91 crore in year-ago quarter, the company said in a regulatory filing. The company's total income dropped to Rs 3,226.88 crore in the first quarter of the current fiscal compared to Rs 3,847.17 crore in the year-ago period. Odisha-based NALCO is one of the largest integrated aluminium producers in the country. Shares of the company closed at Rs 94.24 apiece on the BSE on Friday, down 0.81 per cent from its previous close.

Nalco consolidated net profit declines 40% to Rs 334 crore in June quarter
Updated On : 11 Aug 2023 | 8:49 PM IST

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar

Stocks to watch on May 24, 2023: Cummins, Hindalco, India Cements, LIC, National Aluminium, Nykaa and Oil India among prominent companies scheduled to announce Q4 results on Wednesday.

Stocks to Watch today, May 24: Adani Group, Max Health, Biocon, Manyavar
Updated On : 24 May 2023 | 8:06 AM IST

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME

The BSE Metal index was the top performer, up 1.4 per cent; Major metal and mining related shares gained 1-2 per cent each in intra-day trades on Friday.

Hindalco, Nalco jump over 2% as aluminium, copper prices rise on LME
Updated On : 09 Sep 2022 | 10:01 AM IST

NALCO faces coal scarcity as daily supplies diverted, few trains to spare

India has diverted coal supplies from the non-power sector, and put on hold plans for some fuel auctions, in a bid to ensure coal availability for utilities and tackle widespread power outages

NALCO faces coal scarcity as daily supplies diverted, few trains to spare
Updated On : 23 Apr 2022 | 7:00 PM IST

Here's why HDFC Securities recommends buying National Aluminium, PNB

According to Vinay Rajani of HDFC Securities, metal as a sector has been outperforming for a while and technical setup of the metal index is much stronger than Nifty.

Here's why HDFC Securities recommends buying National Aluminium, PNB
Updated On : 09 Feb 2022 | 8:31 AM IST

Nalco posts over three-fold jump in December quarter profit at Rs 831 cr

National Aluminium Company Ltd (Nalco) on Monday said its December quarter consolidated profit surged over three times to Rs 830.67 crore. The company had posted a profit of Rs 239.71 crore for the year-ago period, Nalco said in a filing to BSE. Income during the quarter increased to Rs 3,845.25 crore over Rs 2,414.95 crore in the year-ago period, the filing said. The company paid final dividend of Rs 1 per equity share amounting to Rs 183.66 crore for 2020-21. With this, the total amount of dividend payout for 2020-21 is Rs 3.50 per equity share -- interim dividend of Rs 2.50 per share and final dividend of Rs 1 per share amounting to Rs 644.27 crore.

Nalco posts over three-fold jump in December quarter profit at Rs 831 cr
Updated On : 07 Feb 2022 | 7:08 PM IST

Nifty Metal index can hit historic high; Hindalco, NMDC may rally up to 17%

The Nifty Metal index can clock a new high, if it manages to cross and sustain above the 6,000-mark.

Nifty Metal index can hit historic high; Hindalco, NMDC may rally up to 17%
Updated On : 04 Feb 2022 | 11:59 AM IST

Stocks to Watch: ONGC, Hindalco, Zee, NMDC, Tata Steel, Aptech, VodaIdea

Amaraja Batteries, Apollo Hospitals, Ashok Leyland, Bharat Forge, BPL, Glenmark Pharma, Hero MotoCorp, Vodafone Idea, National Aluminium, Reliance Capital, SpiceJet and Suzlon are some of the stocks

Stocks to Watch: ONGC, Hindalco, Zee, NMDC, Tata Steel, Aptech, VodaIdea
Updated On : 12 Nov 2021 | 8:39 AM IST

Decade-high Aluminium price can spark up to 25% rally in these metal stocks

The stock of Hindalco is attempting to close decisively above the resistance of Rs 475 with strong volume

Decade-high Aluminium price can spark up to 25% rally in these metal stocks
Updated On : 15 Sep 2021 | 2:24 PM IST

State-owned Nalco's first quarter profit soars to Rs 348 crore

The company had reported a consolidated profit of Rs 16.69 crore in the year-ago period.

State-owned Nalco's first quarter profit soars to Rs 348 crore
Updated On : 06 Aug 2021 | 5:22 PM IST

Select base metals may continue to rally in 2021 over weakening dollar

Zinc, aluminium poised for correction as prices move ahead of fundamentals

Select base metals may continue to rally in 2021 over weakening dollar
Updated On : 24 Nov 2020 | 12:46 AM IST

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 looking to revisit its expansion plans, says CMD Sridhar Patra
Updated On : 27 Dec 2019 | 2:12 PM IST

Aluminium scrap imports up 6.5% despite 13% slump in auto production

Industry claims imports made in auto sector's name being diverted to other areas such as electrical transmission and utensils

Aluminium scrap imports up 6.5% despite 13% slump in auto production
Updated On : 17 Dec 2019 | 6:39 PM IST

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

Muted alumina prices dent Nalco's Q1 earnings as global supplies stabilise
Updated On : 04 Oct 2019 | 12:12 AM IST

Metal stocks shine on positive global cues; Coal India gains 6%

Metal stocks gained after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war.

Metal stocks shine on positive global cues; Coal India gains 6%
Updated On : 05 Sep 2019 | 10:19 AM IST

Nalco to focus on merchant mining, bid for bauxite blocks in Jharkhand, MP

As part of its corporate diversification strategy, National Aluminium Company (Nalco) has identified merchant mining as its next key focus area. Along with commercial mining of bauxite, the navratna PSU is eyeing acquisition of cobalt and lithium abroad.Traditionally, Nalco's focus has been on alumina and aluminium business though the company has diversified to wind power and is actively pursuing upstream integration plans like caustic soda and coal tar pitch plants. Alumina sales which contribute nearly three fourths to Nalco's Ebitda (earnings before interest, taxes, depreciation and amortization) have driven its profitability over the years."We are attaching huge emphasis on merchant mining. Nalco is gearing up to participate at the auctions of bauxite blocks on offer in the states of Jharkhand, Chhattisgarh and Madhya Pradesh. With its proven expertise in captive bauxite mining and its entire value chain, Nalco can effectively take up mining on commercial scale and meet the ...

Nalco to focus on merchant mining, bid for bauxite blocks in Jharkhand, MP
Updated On : 02 Aug 2018 | 6:02 PM IST