NALCO's Q2 net profit down 96 percent
The state-run National Aluminium Company Limited (NALCO) Thursday reported about 96 per cent dip in net profit, to Rs.5 crore, for the second quarter ended Sep 30, 2012, as against Rs.139 crore in the
Nalco to foray into energy sector
Poised for a big leap in its diversification plan, aluminium giant NALCO is all set to invest around Rs 40,000 crore to make a foray into energy sector besides implementing a host of new projects a
Power Grid in talks with SAIL, NALCO for equipment JV
In a major diversification plan, state-run Power Grid Corporation is in discussions with three companies, including SAIL, for setting up an equal joint venture to manufacture transmission equipment.
NALCO plans to invest Rs 57,903 crore on expansion by 2020
State-owned aluminium producer NALCO plans to invest Rs 57,903 crore by 2020 on expansion, including the setting up of two large aluminium smelters in India and abroad.
The Navratna firm would inves
Aluminium prices may recover soon: Nalco chief
State-owned Nalco on Sunday said aluminium prices may recover soon from a low of $2,600 per tonne as the current declining trend in metal prices is not due to demand-supply mismatch.
Nalco CMD, wife remanded in CBI custody
A Delhi court on Saturday remanded Nalco chairman-cum-managing director Abhay Kumar Srivastava, his wife and two others arrested in a bribery case in CBI custody till March 3.
Bribe: NALCO chief suspended
New Delhi: State-run aluminium company NALCO's chief A. K. Srivastava, who was caught allegedly taking bribe and is in CBI custody now, has been suspended by the government.
The mines ministry suspe
NALCO to enter metal and power sectors
State-owned National Aluminium Company (NALCO) is gearing up for its third phase expansion at an investment of at least Rs.6,000 crore and planning to venture into metal and power sectors.
The Bhuban