Nalco

Nalco shares fall after Kotak Sec downgrades to 'Reduce' on near term risks

Shares of state owned aluminium company National Aluminum slumped 2.26 per cent at Rs 244.25 a piece on the BSE in the intraday trade of Wednesday

Dividend stocks: PFC, Nalco, 38 others to trade ex-date next week

Here is the complete list of stocks that will trade ex-dividend next week, along with key details of their dividend announcements

NALCO, Hindalco, Vedanta surge up to 9% as China cancels export tax rebates

The development is likely to curtail China's aluminium exports, thereby tightening global supply and driving up prices, ICICI Securities said

Nalco rises 5% on stellar Q2 show; PAT up nearly 5x, announces dividend

Nalco reported its Q2 results on Wednesday, after market hours. The company's consolidated profit rose more than five-fold to Rs 1,045.97 as compared to Rs 187.35 crore a year ago

Stocks to watch, Nov 14: PFC, Eicher Motors, Vi, Nalco, Swiggy, ONGC

Stocks to watch, Nov 14: Here are few stocks that will be in limelight for today's session

Nalco Q2 results: Net profit increases multi-fold to Rs 1,046 crore

State-owned Nalco on Wednesday said its consolidated profit rose more than five-fold to Rs 1,045.97 crore in the quarter ended September 2024 on the back of higher revenue from operations. The company had posted a consolidated profit of Rs 187.35 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in a stock exchange filing. The consolidated revenue from operations in the latest July-September period rose to Rs 4,001.48 crore from Rs 3,043.83 crore recorded in the year-ago period, the filing said. The company's board has approved an interim dividend of Rs 4 per share for the current financial year. Nalco is a 'Navratna' company. Currently, the central government owns 51.28 per cent of Nalco's equity capital. The company has been operating its captive Panchpatmali Bauxite Mines for the pit head alumina refinery at Damanjodi in the District of Koraput in Odisha and aluminium smelter and captive power plant at Angul.

Nalco gains 4% on Kotak Equities' rating and target upgrade; check details

Kotak Institutional Equities believes that Nalco is best placed to benefit from the ongoing supply tightness in the alumina market

Metals stocks glint in trade; Nifty Metal up over 1% on China stimulus

Metal stock surged after China lowered the mortgage rate. At around 9:28 AM, Nifty Metal was up 1.23 per cent at 10,188.3

Nalco Q1 results: PAT up 76% at Rs 588 cr, total income at Rs 2,916 cr

State-owned Nalco on Monday reported a 76.3 per cent rise in consolidated profit at Rs 588.42 crore in the quarter ended June 2024. The company had posted a consolidated profit of Rs 333.76 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in an exchange filing. However, the consolidated income of the company during April-June period declined to Rs 2,916.62 crore from Rs 3,226.88 crore in the year-ago period, the filing said. The board has recommended final dividend of Rs 2 per share for 2023-24, subject to the approval of shareholders in the ensuing annual general meeting. "The final dividend...if approved...will be paid within a period of 30 days from the date of declaration," it said. Nalco, a 'Navratna' company, is one of the country's largest bauxite, alumina, aluminium and power complex. The government owns 51.28 per cent of Nalco's equity capital. The company has been operating its captive Panchpatmali bauxite mines for the pit head alumina refinery

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

Stocks to watch on May 28: LIC, Natco Pharma, AstraZeneca India, Nalco

Stocks to watch on May 28: LIC reported a 15.6 per cent year on year (YoY) increase in standalone net premium income, reaching Rs 1.52 lakh crore in Q4FY24 compared to Rs 1.32 lakh crore

Nalco Q4 results: PAT rises two-fold to Rs 996.7 cr on lower expenses

State-owned Nalco on Monday reported two-fold rise in consolidated profit to Rs 996.74 crore for the March quarter on the back of lower expenses. The company had posted a consolidated profit of Rs 495 crore in the March quarter of FY23, National Aluminium Company Ltd (Nalco) said in a filing to the BSE. However, the consolidated total income during the quarter dropped to Rs 3,663.09 crore from Rs 3,726.76 crore in the year-ago period. The expenses of the company in the fourth quarter of FY24 dropped to Rs 2,720.42 crore from Rs 3,160.50 crore a year earlier. Nalco is a Navratna PSU under the ministry of mines. It is one of the largest integrated bauxite-alumina-aluminium-power complex in the country. The company has formed a JV company -- Angul Aluminium Park Pvt Ltd' (AAPPL) -- with Odisha Industrial Infrastructure Development Corporation (IDCO) to give a boost to ancillary, upstream and downstream products related to the aluminium industry.

Q4 results today: LIC, NMDC, AstraZeneca among 303 firms to post earnings

Q4 FY24 company results: Elgi Equipments, Natco Pharma, Nalco, Goodyear India, and IFB Ind will be releasing their fourth quarter report on May 27

NALCO posts record cast metal production at 463,000 metric tonne in FY24

State-owned NALCO has made a record production of cast metal at 4,63,428 metric tonne during the financial year 2023-24. The company has also made its highest-ever metal sales of 4,70,108 metric tonne during the fiscal ended March 31, it said in a statement on Tuesday. The excavation of bauxite reached a record high of 7,600,230 metric tonne during the financial year 2023-24, NALCO said. According to the company, it has surpassed all previous records since its inception. NALCO CMD Sridhar Patra said, "Major milestones have been achieved by the company by way of backward integration and securitisation of raw materials and energy in the past four years on account of the dedication and hard work of the employees and cooperation received from various stakeholders." The company's alumina refinery has produced 21,24,000 metric tonne of alumina hydrate, while the captive power plant generated a gross 7,193.62 million units of power during the year. In FY 23-24, the entity also developed

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 Q3 results: Profit rises two-fold to Rs 471 cr, income at Rs 3,397 cr

National Aluminium Company Ltd on Tuesday reported almost two-fold rise in consolidated profit to Rs 470.61 crore for the quarter ended on December 31, 2023. The company had posted a consolidated profit of Rs 256.32 crore in the October-December quarter of FY2022-23, Nalco said in a filing to BSE. Total income during the quarter under review rose to Rs 3,397.87 crore from Rs 3,357.71 crore in the year-ago period. The company's board has approved the second interim dividend of Rs 2 per share on the paid-up equity share capital of Rs 918.32 crore for the current fiscal. National Aluminium Company Limited (Nalco) is a Navratna PSU. It is one of the largest integrated bauxite-alumina-aluminium-power complex in the country.

Nalco, NLC India among 10 companies submit bids for coal mines for auction

The government on Monday said 10 companies, including Nalco, Gujarat Mineral Development Corporation, and NLC India, submitted bids for coal mines put up for sale under the eighth round of commercial mines auction. "Under the 8th round, a total of 35 coal mines were put up for auction and 7 bids were received against four coal mines. Under the second attempt of the seventh round, four coal mines were put up for auction and 3 bids have been received against 3 coal mines," the coal ministry said in a statement. A total of 10 companies have submitted bids in the auction process, the coal ministry said in a statement. Other companies from which the bids were received are TANGEDCO, OCL Iron, and Steel Ltd, JMS Mining Pvt Ltd, Shyam SEL & Power Ltd, SMN Tradecomm Pvt Ltd, Maa Durga Coal & Minerals Pvt Ltd, and Nilkanth Infra Mining Ltd. "The nominated authority, Ministry of Coal has opened bids for the 8th round and second attempt of the 7th round of commercial coal mines' auction ..

Sensex sheds 199 pts, Nifty below 22,050 as IT, RIL weigh; Jyoti CNC up 31%

Stock market highlights on January 16, 2024: Among sectors, the Nifty Realty index declined 1.95 per cent, the Nifty IT index 1.3 per cent, and the Nifty Pharma 1.14 per cent

Nalco bets on allotted coal blocks, alumina refinery for expansion

State-owned NALCO on Monday said the ongoing expansion of refinery and plans for upcoming expansion of smelter have been propelled with operationalisation of allotted coal blocks and clearances for Pottangi bauxite mine. Backward integration and securitisation of energy and bauxite has increased the business span of the National Aluminium Company Ltd (NALCO) for the next 30 years, its Chairman and Managing Director Sridhar Patra said. He was speaking at the company's 44th Foundation Day. "The strenuous efforts of the last 43 years and constant pursuit towards exhibiting excellence in almost all domains of business has succeeded in creating a formidable business enterprise like NALCO and the company has always striven to do better than the previous set benchmarks. "The past three years has witnessed significant achievements and have brought new laurels to the company," Patra said. NALCO has been operating its captive Panchpatmali bauxite mines for the pit-head alumina refinery, a

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.