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| NALCO’s Q1 net profit up 125% at Rs.284 cr
Sales turnover up 43% at Rs.1,388 cr
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Bhubaneswar, 14.08.2010: –
: National Aluminium Company Limited (NALCO), the Navratna PSU and India’s leading producer and exporter of alumina and aluminium, has come out with impressive results in the 1st quarter ended June 30. The net profit has jumped by 125% to Rs. 284 crore from Rs.127 crore achieved in the corresponding period of previous year.
According to the results taken on record at a meeting of the Board of Directors in New Delhi today, the company has reported a Sales turnover of Rs.1,388 crore, an increase of 43% compared to Rs.970 crore achieved in the corresponding quarter of the previous year. It may be mentioned that the rise in sales and Profit are attributed to enhanced production volume & sales, improved consumption norms of input materials and better sales realization.
On production front too, NALCO has put up an impressive performance. Bauxite production during this quarter increased to 1,067,429 tonnes against 840,328 tonnes in the corresponding quarter. Similarly, Aluminium production increased to 111,663 tonnes from 104,767 tonnes and Power generation to 1659 MU from 1600 MU.
On the sales front also, NALCO sold 108,620 MT of aluminium in the 1st quarter, which was 93,104 MT in the corresponding period of previous year. Domestic sale of Aluminium also increased by 28% to 83,449 tonnes from 65,112 tonnes in the corresponding quarter.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO to sponsor setting up of I.T.I. at Damanjodi
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| Chief Minister lays Foundation-stone |
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Bhubaneswar, 12.08.2010: –
: The Chief Minister of Orissa, Shri Naveen Patnaik, laid the Foundation-stone for Industrial Training Institute (ITI) today in Damanjodi in the presence of Shri Surya Narayan Patro, Minister Revenue & Disaster Management, Shri Jairam Pangi, M.P., Koraput, Shri Raghuram Podal, MLA, Koraput, Shri Jhinna Hikoka, MLA, Laxmipur, Shri Ashok Pangi, President, Zilla Parishad, Koraput, Shri RP Patil, Collector, Koraput & Shri AK Srivastava, CMD, NALCO.
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With an objective to provide training facility to the local students of periphery villages of M&R Complex, Damanjodi, the ITI is being set up through Public-Private Participation (PPP) mode. Initially, an amount of Rs. 1 crore 16 lakhs has been set aside by NALCO from its periphery development fund for the purpose. Setting up of the ITI also aims at enhancing the skill-sets of local youths and helps them to enhance their employability in future, in view of the rapid industrialization in the State.
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Students from tribal & weaker sections from the periphery villages will be given priority in admissions, apart from other students of the area in the upcoming ITI. Recurring expenditure to run the institute will be met out of the periphery development fund of NALCO. The land for setting up the institute & other facilities will be provided by District Administration.
On the Foundation Laying Ceremony, dignitaries from Govt., including Shri P.S. Ranpise, DIG, Southern Region, Shri Anup Kumar Sahu, SP, Koraput, and senior officials of NALCO, including, Shri Joy Varghese, Director (Personnel & Administration), Shri PK Padhi, Director (Project & Technical), Shri PK Mohapatra, ED(M&R), Shri BN Mohanty, GM(M&R), Shri RP Swain, GM(H&A) & Shri GS Mohapatra, DGM(Admn) were also present. The prospect of better future for local youths through the ITI has brought cheers among locals and this initiative of NALCO has been widely appreciated by one and all.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO achieves record production of alumina and Aluminium
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Bhubaneswar, 06.08.2010: –
National Aluminium Company Limited (NALCO), the Navratna PSU and India’s largest integrated manufacturer and exporter of alumina and aluminium, has achieved the highest-ever metal production of 4.31 lakh tonnes in the financial year 2009-10 against the previous best of 3.61 lakh tonnes achieved in 2008-09, with an increase of 14.4%.
Similarly, the company achieved a record production of 15.92 lakh tonnes of alumina hydrate with capacity utilization of 101.05% against the previous year level of 15.77 lakh tonnes. Power generation has also increased to 6295 MU from 5541 MU achieved in the year 2008-09.
It may be mentioned here that despite global recession, when many companies around the world were resorting to production cuts, NALCO not only kept its operation at optimal level, but also surged ahead with 2nd phase expansion in order to leverage its advantage of low cost production and anticipated increase in demand for metal in domestic market.
The production performance is considered to be impressive in spite of the severe coal shortage faced not only by NALCO, but also by the industries across the country.
According to the audited financial results for the year 2009-10 taken on record in the Board of Directors Meeting held in New Delhi today, the Company has posted a net profit of Rs.814.22 crore against the previous year’s figure of Rs.1272.27 crore and sales turnover of Rs.5310.47 crore against Rs.5531.06 crore achieved during the previous year. Although production volume has increased, the lower profit is mainly due to decrease in sales realization because of lower LME prices and higher fuel costs.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| DR. SRABANI GUHA IS THE NEW VIGILANCE CHIEF OF NALCO |
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Bhubaneswar, 14.07.2010: –
Dr. Srabani Guha, a 1986 – batch officer of Indian Economic Service, and currently CVO of Hindustan Copper Limited (HCL) and Geological Survey of India (GSI), has taken over the additional charge of National Aluminium Company Limited (NALCO) as Chief Vigilance Officer on July 14. With a Doctorate in Economics from the University of Connecticut, USA, Dr. Guha has worked in different capacities in various departments including Ministry of Finance, Central Electricity Authority, UNICEF & Planning Commission.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO bags EEPC Export Award |
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Bhubaneswar, 17.05.2010: –
National Aluminium Company Limited (NALCO), the Navratna PSU and India’s leading manufacturer-exporter of alumina and aluminium, has bagged the EEPC (Engineering Export Promotion Council, Eastern Region)’s Gold Trophy, as Top Exporter in the Large Enterprise Category, for its outstanding export performance during the year 2007-08.
On behalf of the company, Shri S. Saha, Regional Manager (Eastern Region) received the award from Shri S.K. Roongta, CMD, SAIL, in
the presence of Mr. Zhang Tiejian, Vice Consul General of China, at a function held in Kolkatta today.
During the financial year 2007-08, NALCO has achieved sales turnover of Rs.5474 crore, including the export earning of Rs.2235 crore. The net profit was Rs.1632 crore during this fiscal.
It may be mentioned here that NALCO enjoys Premier Trading House status, and it is the first Indian aluminium company to be registered with London Metal Exchange, for its high quality products.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO Q4 Profit Up 371% at Rs.391Cr
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Bhubaneswar, 15.05.2010: –
National Aluminium Company Limited (NALCO), the Navratna PSU and India’s largest integrated manufacturer and exporter of alumina and aluminium, has reported results for the 4th quarter ended March 2010.
According to the unaudited financial results for the 4th quarter taken on record in the Board of Directors meeting held in New Delhi yesterday, the company has achieved a net profit of Rs.391.48 crore recording an increase of 371%, over Rs.83.02 crore earned in the same quarter of the previous year.
The improved profit in the 4th quarter is due to enhanced volume of production & sale, improved consumption norms of input materials and increasing trend in LME Aluminium price during the quarter, which in turn helped the company achieve better sales realization in alumina and metal.
Average sales realization of aluminium for the year 2009-10 was USD 1946 per tonne as against USD 2234 per tonne in the previous year, resulting in a lower price realization of about USD 288 per tonne. The negative impact on profits, due to adverse price variation, is Rs. 772 crore for the year 2009-10. The net profit and turnover for the financial year 2009-10 works out to Rs.832.60 crore and Rs.5310.46 crore respectively, as against the corresponding figures of Rs.1272.22 crore and Rs.5531.06 crore achieved during the previous year.
During the year 2009-10, Nalco has achieved an all-time high in production of alumina and aluminium. The company achieved the highest-ever metal production of 4.31 lakh tonnes in 2009-10, against the previous best of 3.61 lakh tonnes in 2008-09, with an increase of 14.4%.
Similarly, the company achieved record production of 15.92 lakh tonnes of alumina hydrate, with capacity utilization of 101.05%, against the previous year level of 15.77 lakh tonnes.
Power generation has also increased to 6295 MU from 5541 MU achieved in 2008-09.
The company has registered an impressive growth in profits in the second half of the year as compared to the profits earned in the first half of the year. Profit in H2 has been Rs. 547 crore, a rise of 91% over the H1 profit of Rs. 286 crore. The company is vigorously pursuing up its expansion programme and has projects worth Rs. 50,000 crore lined up as part of its greenfield and brownfield expansion plans.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| Nalco celebrates 12th National Technology Day
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Bhubaneswar, 11.05.2010: –
National Aluminium Company Limited (NALCO), the Navratna PSU, celebrated 12th National Technology Day at its Corporate Office, Bhubaneswar on 11th May, 2010. Dr. Baldev Raj, Eminent Scientist & Director, Indira Gandhi Centre for Atomic Research (IGCAR), Kalpakkam, Chennai, graced the occasion as the Chief Guest and delivered a talk on ‘Challenges and Opportunities in Nuclear Energy’. In his deliberation, Dr. Raj highlighted the importance of Nuclear Energy and the challenges faced by the country. He also elaborated the technological innovation and support given by IGCAR in this regard. Further, he also emphasized on the importance of R&D in developing technology in specialized fields.
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Shri A.K. Srivastava, Chairman-cum-Managing Director, NALCO presided over the function. In his presidential address, Shri Srivastava emphasized on the importance of celebrating National Technology Day and fondly remembered the importance of 11th & 13th May, 1998, which was a Red Letter Day in the history of Indian Science & Technology. The historic Technological Marvels of 11th May, 1998 i.e. Nuclear Tests at Pokhran in Rajasthan, Test firing of First Trishul Missile at Chandipur Test Range, Orissa and Test Flight of HANSA-3 - which proved India's capabilities in Technological Excellence.
It may be mentioned that in commemoration of this technological
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excellence, Government of India has designated 11th May as the National Technology Day. In this context, NALCO has also been observing the occasion since last 12 years
Shri P.K Padhi, Director (Project & Technical) also addressed the elite gathering on the occasion. In his address Shri Padhi elaborated on the role of R&D in developing technologies. Moreover, Shri Padhi also highlighted NALCO’S plans for setting up a world class R&D Centre in Bhubaneswar.
Besides Nalco employees, the function witnessed a large gathering of eminent Scientists, Technologists, Engineers and Corporate Managers.
Dr. B.K. Satpathy, DGM (R&D) coordinated the function on behalf of the company.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO installs new ash disposal system in Power Plant
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Bhubaneswar, 26/04/2010 –
National Aluminium Company Limited (NALCO), India’s leading producer and exporter of alumina and aluminium has achieved yet another milestone in environment protection and reduction in pollution in their plant vicinity with the commissioning of HCSD System in its 1080 MW Captive Power Plant. The system is one of the latest and eco-friendly ways of Ash disposal of Modern Power plants, adopted by Nalco at a cost of Rs.50 cr.
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The High Concentration Slurry Disposal (HCSD) System is designed to cater the requirement of Fly Ash disposal of Unit 7 to 10 of CPP. This system reduces ash pollution in the atmosphere, as there will not be fine ash dust in the ash pond, which gets blown off during wind. The other advantage of this system is that the fine ash in the form of lumps is discharged to the ash pond. Since the ash discharge is in the lump form, it occupies lesser space in the ash pond compared to the same volume of slurry ash in the ash pond, resulting in extension of the useful life of the ash pond.
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Fly ash from units 7 to 10 of CPP is collected in Dry form in 2 nos Fly Ash Silos, each of 1500 Cubic Mtrs capacity. Ash from the Fly Ash Silos is discharged via a Bin weighing system, Dosing valve feeder and an Ash Conditioner to the Agitated Retention Tank (ART). Water line to each of these unloading systems is also provided with flow transmitters. Water flow to the mixer is controlled through a control station to allow controlled amount of water into the system. One set of this equipment is provided below each Fly Ash Silo.
The ART is provided with an agitator to enable proper mix of fly ash and water to arrive at the right concentration of High concentration slurry for disposal. The concentrated slurry thus prepared in the ART is pumped through a Charge Pump to special High Concentration Slurry Disposal pumps. A control loop of instrumentation is provided across the ART to ensure that correct concentration of fly ash mix is pumped to meet the ultimate objective.
Three sets of such HCSD pumps (2 working + 1 standby) are provided, each with a discharge capacity of 160 m3/hr. The high concentrated slurry is deposited in Ash pond no- 1 & 2 via distribution piping, diverter valves and discharge lines located at suitable intervals.
The High Concentration Slurry Disposal pumps are supplied by M/s Weir Minerals, Netherlands.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO organizes 15th All Orissa Quality Circle Convention
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Bhubaneswar, 23/04/2010 –
The All Orissa Quality Circle Convention, the flagship event on Quality in the state, was organised by National Aluminium Company Limited (NALCO) for the 15th successive year on 21st & 22nd April, 2010 at Mahanadi Niwas Auditorium, NALCO Township, Bhubaneswar. This premier annual quality event in the State, is being organised by NALCO since 1996 with the aim of spreading the Quality Movement in the State. It provides a platform for mutual learning through case study presentation to encourage the movement among organisations operating in Orissa. With Total Productive Maintenance (TPM) being adopted by some organisations and consequently nurturing TPM Circles, the competition since 2001, have also included TPM Circles. 24 Quality Circles and 6 TPM Circles from 17 organisations of Orissa, participated in the Convention this year.
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Padmashree N.R. Mohanty, CMD, Textron (India) and former CMD, HAL was the Chief Guest in the concluding function and gave away the prizes to the winning teams. In his address, he advised all the participating teams to take up innovations with fire in the belly. Sharing his experiences in launching the indigenously designed and produced jet aircraft in record time by HAL, as well as innovations in Textron (India) he paid rich tributes to the Indian mind which has time and again demonstrated that it can be better than the best in the world. “Each individual, can write his own script for achieving excellence in life ” was his message to the audience. While explaining the importance of people involvement in organisation improvement, Shri A.K. Srivastava, CMD, NALCO, Chief Patron of the Convention, called upon the Management to provide necessary direction and resources for Quality Circle activities and to nurture quality movement like a mother. Shri B.L. Bagra, Director (Finance), NALCO, called upon all to take up team-based improvement activities even in the non-traditional areas/functions of the organisation. Earlier, inaugurating the programme, Shri A.K. Sharma, Director (Production), NALCO, advised all organisations to usher in improvements at work place by unleashing people power through small group activities like Quality Circles & TPM Circle, to enhance competitiveness of organisations.
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The winning teams were felicitated in the Prize giving ceremony. The NALCO Trophy and Gold Plaque, was won by Quality Circle “NATIONAL” of Smelter Plant, NALCO, while Quality Circle “BASUNDHARA” of OCL India, Rajgangpur emerged as the Runner-up and won the Silver Plaque. In the competition amongst TPM Circles, “DRILL-1” of TATA Steel, Joda won the Gold Plaque and while “YANTRA” of Balasore Alloys, Balgopalpur was Runner-up winning the Silver Plaque. Quality Circles “PIT CRANE-2” of FAP, TATA Steel, Joda and “CONTROLEX” of Alumina Refinery, NALCO were awarded the prizes for Meritorious Performance. Special Prizes for “Best Analysis & Process”, “Best Effectiveness & Result” and “Best Learning Experience” were won, respectively by, Quality Circles “UNIQUE” of NTPC, Kaniha, “SHAKTI” of Hirakud Power, HINDALCO and “FLORENCE NIGHTINGALE” of Tata Refractories, Belpahar.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO contributes Rs.14.33 crore for development works in Koraput |
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Bhubaneswar, 15/04/2010 –
As part of Corporate Social Responsibility (CSR), NALCO has been making significant contribution in the development of Koraput where the Company’s Mines and Refinery are located. The Company has been assigning major thrust towards periphery development activities. Besides, creation of infrastructure in the surrounding villages for communication, education, health care and drinking water gets priority in the periphery development plans of the Company.
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Recently, NALCO contributed Rs. 14.33 crore for development works in Koraput district. A cheque for the purpose was handed over to Shri R.P. Patil, Collector, Koraput by Shri A.K. Srivastava, CMD, NALCO, on April 13, at Damanjodi, in the presence of Shri Sanjeev Panda, DIG, (Southern), Shri B.L. Bagra, Director (Finance), Shri P.K. Padhi, Director (P&T) and Shri P.K. Mohapatra, Executive Director (M&R), NALCO.
The major portion of the amount will be spent towards development of periphery villages adjacent to Mines & Refinery Complex. In a meeting held between the senior officers of NALCO Management and the District Administration, Koraput, a mutual consensus has been drawn for extending maximum cooperation for carrying out these developmental works in the District.
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While reaffirming that the money will be utilized for completion of 94 on-going development projects, along with some more new projects adjacent to M&R Complex, in Koraput District, Shri. Patil, Collector, Koraput has assured NALCO authorities that “the good-work will be visible on ground within some months in adjacent villages located within 5 KM radius of Mines & Refinery Complex”. Further, he has also assured about the modalities to be completed soon for setting up a Hospital and an ITI near Damanjodi.
On this occasion, other top officials of NALCO’s Mines & Refinery Complex, including Shri B.N. Mohanty, GM(AR), Shri R.P. Swain, GM(H&A), Shri P.M. Prakash, GM(O&M) and Shri G.S. Mohapatra, DGM(Admn) were also present.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO BREAKS ALL PREVIOUS RECORDS OF PRODUCTION & SALES IN 2009-10 |
Performance Highlights
• Highest-ever Bauxite production of 48.79 lakh tonnes, with 101.64% capacity utilization
• Highest-ever Alumina production of 15.92 lakh tonnes, with 101.05% capacity utilization
• Highest-ever Metal production of 4.31 lakh tonnes, up 19.4%
• Highest-ever domestic Metal sale of 2.89 lakh tonnes, up 6.5%
• Highest-ever Metal export of 1.47 lakh tonnes, up 78.5%
• Highest-ever Power generation of 6295 million units, up 13.6% |
Bhubaneswar, 03.04.2010: National Aluminium Company Ltd. (NALCO), a Navratna PSU under Ministry of Mines and India’s leading manufacturer and exporter of alumina and aluminium, has achieved the highest-ever metal production of 4.31 lakh tonnes in 2009-10, against the previous best of 3.61 lakh tonnes in 2008-09, with 19.4% increase.
Similarly, NALCO’s Alumina Refinery at Damanjodi has recorded the highest-ever production of 15.92 lakh tonnes of Alumina Hydrate against the previous best of 15.90 lakh tonnes in 2005-06, with capacity utilization of 101.05%.
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Most notably, despite external hindrances at the beginning of the fiscal, the company’s Bauxite Mines at Panchpatmali Hills of Koraput, achieved the highest-ever production, with 48.79 lakh tonnes against the previous best of 48.54 lakh tonnes in 2005-06, with capacity utilization of 101.64%.
Similarly, despite acute coal shortage and severe power fluctuations, NALCO’s Captive Power Plant, which feeds to the Smelter Plant at Angul, achieved the highest-ever power generation of 6295 million units against the previous year’s 5541 million units, up 13.6%, and the previous best of 5968 million units in 2006-07.
Besides, NALCO achieved the highest-ever domestic metal sale of 2.89 lakh tonnes, surpassing the previous highest of 2.71 lakh tonnes in 2008-09, with an increase of 6.5%. The company also achieved the highest-ever metal export of 1.47 lakh tonnes against the previous year’s export of 82,314 MT, up 78.5%, and the previous best of 1.33 lakh tonnes in 2004-05.
The excellent performance of the company can be attributed to the commitment and hard work of all employees of NALCO, under the leadership of Shri A.K. Srivastava, CMD.
The performance in respect of production and sales for the year 2009-10 in comparison to previous year is given below: |
PRODUCTION |
2008-09 |
2009-10 |
Increase over previous year (%) |
Bauxite (MT) |
4,700,027 |
4,878,888 |
3.80 |
Alumina Hydrate (MT) |
1,576,500 |
1,591,500 |
0.95 |
Aluminium (MT) |
361,262 |
431,488 |
19.43 |
Net Power (Million Units) |
5,541 |
6,295 |
13.60 |
SALES |
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Export of Aluminium (MT) |
82,314 |
146,948 |
78.52 |
Domestic Metal Sale (MT) |
271,274 |
289,031 |
6.54 |
Total Metal Sale (MT) |
353,588 |
435,979 |
23.30 |
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com |
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| Union Minister of Mines Shri B.K. Handique
inaugurates Fume Treatment Centre at Nalco’s Smelter |
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Bhubaneswar, 20/03/2010 –
Shri B.K. Handique, Union Minister of Mines and Development of North Eastern Region, accompanied by Shri Sundeep Kumar Nayak, IAS, Joint Secretary, Ministry of Mines and Shri A.K. Srivastava, CMD, Nalco, visited the company’s Smelter & Power Complex at Angul today. During his visit, Shri Handique inaugurated the Fume Treatment Centre, which has been set up at a cost of Rs.61.77 crore. This centre would further control hazardous pollutants, keeping the environment cleaner.
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At the outset, Shri K.S. Sreedhara, Executive Director (S&P), made a presentation on production and expansion activities of both Smelter and Captive Power Plant, located at Angul. Thereafter, Shri Handique was shown around these plants, accompanied by Shri Joy Varghese, Director (P&A), Shri A.K. Sharma, Director (Production), Shri P.K. Padhi, Director (P&T), Shri B.N. Swain, Executive Director (H&A) and other senior officials of the company.
In the evening, Shri Handique visited the Rajiv Gandhi Park at Banarpal, where the late Prime Minister had delivered his last speech. The park has been developed and beautified by Nalco at a cost of more than Rs.15 lakh.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO signs MoU for 2010-11
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Bhubaneswar, 12/03/2010 – "National Aluminium Company Ltd. (NALCO), India’s largest producer and exporter of alumina and aluminium, has signed a Memorandum of Understanding (MoU) with the Ministry of Mines, Govt. of India, for the financial year 2010-11 in New Delhi on 11th March 2010. NALCO has been receiving very good rating from the Ministry, including the last fiscal.
On behalf of the Company, Shri A.K. Srivastava, CMD, signed the MoU with Ms. Santha Sheela Nair, Secretary, Ministry of Mines, Govt. of India, in the presence of Shri Sundeep Kumar Nayak, Joint Secretary, Ministry of Mines, Shri B.L. Bagra, Director (Finance) and other senior officials of the Ministry and the Company.
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In the MoU, NALCO has projected 100% capacity untilization of its aluminium smelter to produce 4.6 lakh tonnes of metal and 16.58 lakh tonnes of alumina from its Refinery. The Company has also projected to produce 7715 million unit of power at 85% PLF, from its 1200 MW Captive Power Plant at Angul. Besides, the Company has projected higher financial targets and early completion of its on-going 2nd Phase Expansion projects.
Among other things, NALCO has agreed to focus on completing the various targets of Utkal–E coal block for coal production by June 2012, Aluminium Park in Angul in joint venture with IDCO, greenfield smelter abroad and development of recently allotted bauxite deposits in Andhra Pradesh for setting up a mines and alumina project at a cost of Rs.6000 crore.
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For the first time, special weightage has been given to sustainable development which includes tree plantation and wind farm development. Besides, special imphasis has also been laid on Corporate Social Responsibility (CSR) with focus on SA8000, health camps in periphery villages and enhanced allocation for peripheral development activities.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| Management Guru Sharu Rangnekar visits Nalco
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Bhubaneswar, 17/02/2010 – "Since ages, Corporate Houses have been afflicted by the blame-game syndrome. Because of compartmentalization and multi-layer system of management, more often than not, individuals and groups tend to blame each other for collective failure. In the process, productivity of the organization becomes a major casualty," says eminent management guru Sharu S. Rangnekar. He was addressing the employees of Nalco on the occasion of Productivity Week Celebration by Nalco at its corporate office here on Wednesday. As a curative measure to this corporate malady, Shri Rangnekar suggested that the 3Es – ego, envy & expectation – should be lessened to the maximum possible. "Then only, the productivity of a company could be enhanced," he added.
At the outset, Shri A.K. Srivastava, Chairman of Nalco, felicitated the octogenarian guru and gave away prizes to the winners of various competitions, which were organized to mark the productivity week. Among others, Shri Joy Varghese, Director (P&A), Shri A.K. Sharma, Director (Production) and Shri Ansuman Das, Director (Commercial) were present on the occasion. Shri P.C. Panigrahi, GM(H&A), proposed a formal vote of thanks. A quiz competition was organized which was conducted by Shri Amiya Patnaik, DGM(IE & Training).
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While in the evening Shri Rangnekar interacted with the wives of Nalco employees on the subject he also held discussion with CMD, Directors and other senior officials of Nalco.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO BAGS AWARD FOR INNOVATIVE HR PRACTICES
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Bhubaneswar, 13/02/2010 – National Aluminium Company Limited (NALCO), the Navratna PSU of Govt. of India has bagged the ‘Organization with Innovative HR Practices’ Award at the Global HR Excellence Awards ceremony during World HRD Congress – 2010, at Mumbai on February 12th.
NALCO received the award in recognition to its innovative strategies for human resource management and development, and the unparalleled efforts in implementing best practices in managing its talent pool to achieve business success.
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On behalf of the Company, Shri Joy Varghese, Director (Personnel & Administration), NALCO, received the award from the Chief Guest Jigmi Y. Thinley, Hon'ble Prime Minister of Bhutan, in the presence of Shri Bhaskar Chatterjee, IAS, Secretary to the Government of India, Department of Public Enterprises, Ministry of Heavy Industries & Public Enterprises.
The World HRD Congress - 2010 based on the theme ‘The New HR Challenges (Innovative Talent Strategies for tough times)’ was held at Mumbai from February 11th to 13th. The congress was attended and represented by several leading Industry Leaders, CEOs, Business Heads, HR professionals and Management consultants from over 96 countries.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO & NPCIL sign MoU for setting up Nuclear Power Plants in India
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Bhubaneswar, 01/12/2009 – National Aluminium Coompany Limited (NALCO) a Navratna PSU, has signed a memorandum of understanding (MoU) with Nuclear Power Corporation of India Limited (NPCIL) for collaboration with each other for setting up Nuclear Power Plants in India. The MoU was signed by Shri A.K. Srivastava, CMD, NALCO and Dr. S.K. Jain, CMD, NPCIL on 26th November 2009 at Mumbai.
As per the MoU, NALCO intends to invest in Nuclear Power generation as part of its strategy to diversify into commercial generation and sale of electric power and to leverage its experience in electricity generation by setting up Nuclear Power Plants jointly with NPCIL. This is in line with the vision of Nalco to be a reputed player in energy sector and as part of its diversification to metals and power sectors. Nalco operates a coal fired thermal power plant at Angul (Orissa) for captive use of its aluminium Smelter. The capacity of this plant is 1080 MW which is likely to go up to 1200 MW by March 2010 with commissioning of one more unit.
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NPCIL is a Central Public Sector Undertaking under the administrative control of Department of Atomic Energy (DAE), and involved in the Design, Construction, Operation and Maintenance of Nuclear Power Plants for generation of electricity.
NALCO is a Central Public Sector Undertaking under the administrative control of Ministry of Mines, which has experience of more than 25 years in Mining, Alumina Refining, Power Generation and Aluminium Smelting.
The MoU paves the way for Nalco to go for alternative sources of commercial power generation as IPP from nuclear fuels compared to the conventional fossil fuel fired boilers which are increasingly subjected to stringent environmental norms
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| Shri Ansuman Das takes over as Director (Commercial) of NALCO
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Bhubaneswar, 28/10/2009 – Shri Ansuman Das has been appointed as the new Director (Commercial) of National Aluminium Company Limited (NALCO).The post had fallen vacant following superannuation of Shri K.K. Mallick. Prior to the new assignment, Shri Das was serving the Company as Executive Director (Materials) at NALCO Corporate office.
After graduating in Mechanical Engineering from REC, Rourkela (Now National Institute of Technology) in 1976, Shri Das started his career with the Hindustan Aeronautics Limited and joined NALCO in 1982 as Senior Engineer in Project and Technical service Department at Bhubaneswar. Shri Das has also done his MBA from University of Hull, U.K.
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Shri Ansuman Das.
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Shri Das while working at NALCO in various capacities has significantly contributed towards research and formulation of marketing policies and guidelines for sale of products in domestic and overseas market. During his professional career, Shri Das has also been instrumental in devising various strategies for domestic sale and export of rolled products, cast strips and other speciality products.
With his induction as Director (Commercial), the NALCO Board has been further strengthened.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO EXTENDS HEALTHCARE IN REMOTE AREAS OF KORAPUT |
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MORE THAN 8000 PATIENTS BENEFITED
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Bhubaneswar, 27/10/2009 – Navratna PSU National Aluminum Company Ltd. NALCO, as part its periphery development activities has been extending health services through its Mobile Health Unit in periphery villages of Mines and Refinery Complex in Damanjodi of Koraput District.
During the last 3 months, the Mobile Health Unit (MHU), consisting doctors, paramedical staff and social workers, has so far covered 108 no of villages and treated 8166 patients. Free medicines worth Rs. 3 lakhs has already been distributed for various ailments, like, malaria, cold, cough, diarrhoea, fever and other skin diseases in these health camps.
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Health Camps at Koraput.
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Led by Shri G. S. Mohapatra, DGM (Admn), the newly formed Mobile Health Unit team goes to the most needy villages and organizes these health camps. The mobile health camp team organizes 6 to 8 health camps per week. Many villages, which have been so far covered, are remotely located without any motorable roads. In such cases, the Medical team walks down to the villages through hilly terrain to reach out to the patients.
Shri C.M. Mohanta, Manager (HRD) & PD Cell in-charge with the assistance of MHU team, including Dr. Sudhansu Chowdhury, Physician, Dr. G. Mohapatra, Community-Mobiliser & Shri Digbijay Acharya, Pharmacist, reach out to the patients and organize health camps everyday. Besides, Shri A. K. Lenka, JM (Admn), Shri R.N. Subudhi, EA (Admn), Shri R.N.Pradhan, EA (Admn) render extensive support in organizing these health camps.
In last three months, NALCO’s Mobile Health Unit has covered villages like Batsilguda, Mujang, Kesbguda, Putsil, Kamalajhola, Chikalmari, Baliguda, Jhimkiguda, Kendumaliguda, Charangul, Beheraguda, Talabandhaguda, to name a few from the 100 odd villages. This initiative from NALCO has received much appreciation and accolades from the periphery villagers in the region.
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Issued by Corporate Communication Dept. Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| NALCO PAYS Rs.84.22 Cr DIVIDEND TO GOVT. |
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Bhubaneswar, 21/10/2009 – NALCO, a Navratna PSU of Ministry of Mines, has paid 50% dividend for the year 2008-09. Of the total 50% dividend, interim at 35% was paid earlier in February, 2009 and the balance final dividend at 15% has been paid this month. Together, the dividend pay-out works out to Rs.322.15 Crore out of which the Govt. share is Rs.280.74 Crore. The cheque of final dividend for Rs.84.22 Crore was presented today to Shri B.K. Handique, Hon’ble Minister of Mines, Government of India by Shri A.K. Srivastava, CMD of NALCO, in presence of Ms. Santha Sheela Nair, Secretary (Mines), Shri Vijay Kumar, Additional Secretary (Mines), Shri B.L. Bagra, Director (Finance), NALCO and other officials of the Ministry. The Govt. of India holds 87.15% equity in the Company. The balance amount of Rs.41.41 Crore is disbursed to other shareholders of the Company like banks, financial institutions and individual shareholders.
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Shri A.K. Srivastava, CMD, NALCO, handing over the cheque to Shri B.K. Handique, Hon’ble Minister of Mines, Govt of India.
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NALCO’s profits for the year 2008-09 took a knock with the near collapse of metal prices after the global melt down. The profits reduced to Rs.1,272 Crore from Rs.1,632 Crore earned in the previous year. The volumes of production and sale of its products remained almost at the same level as of previous year. The Company has ambitious plans of growth in aluminium sector and for diversification in other metal and power sector. Some of these growth projects are planned abroad.
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Issued by Corporate Communication Dept., Phone: (0674) 2300680/230668, Fax: 0674 - 2301290, www.nalcoindia.com
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| Shri A.K. Srivastava takes over as CMD of NALCO |
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Bhubaneswar, 01/10/2009 Shri Abhay Kumar Srivastava has taken over as Chairman-cum-Managing Director of National Aluminium Company Ltd (NALCO), at its Corporate Office here today, following the superannuation of Shri C.R. Pradhan.
Born on 18th January 1954, Shri Srivastava is a Mechanical Engineer by profession. He did his B.Tech in Mechanical Engineering and M.Tech in Industrial Engineering from Indian Institute of Technology, Delhi. He has a MBA degree to his credit. He has 30 years of working experience in Public Sector Enterprises in various fields of engineering and management. He spent major part of his career of over 20 years in National Thermal Power Corporation Ltd. He has worked with Indian Petro Chemicals Corporation Ltd, a Navratna Public Sector under the Ministry of Chemicals & Petrochemicals for over 5 years.
Before joining Nalco, he was heading Cement Corporation of India Limited, a Govt of India Undertaking under Ministry of Heavy Industries & Public Enterprises, as its Chairman-cum-Managing Director for about 5 years.
With his joining Nalco, various expansion programmes and new projects of the company involving investment of over Rs.40,000 crore are slated to get further boost.
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290
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| Nalco gets Social Accountability System Certification (SA 8000:2008) |
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Bhubaneswar, 14/05/2009 National Aluminium Company Limited (NALCO), the Navratna PSU of Govt. of India and leading manufacturer and exporter of alumina and aluminium has been accorded Social Accountability System Certificate (SA 8000:2008) by DET NORSKE VERITAS for being committed to provide a socially accountable work environment to all its employees.
With this certification, Nalco’s sustained effort to work as a socially responsible corporate citizen encompassing ethical business practices has been further vindicated.
As a leading PSU of Govt. of India, Nalco has been advocating human rights for workers at work place and has incorporated such practices in its vital business agenda.
National Aluminium Company Limited (NALCO), the Navratna PSU of Govt. of India and leading manufacturer and exporter of alumina and aluminium has been accorded Social Accountability System Certificate (SA 8000:2008) by DET NORSKE VERITAS for being committed to provide a socially accountable work environment to all its employees.
With this certification, Nalco’s sustained effort to work as a socially responsible corporate citizen encompassing ethical business practices has been further vindicated.
As a leading PSU of Govt. of India, Nalco has been advocating human rights for workers at work place and has incorporated such practices in its vital business agenda.
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290
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| Minister Mines Condemns |
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Bhubaneswar, 13/04 Shri Sis Ram Ola, Union Minister for Mines, Govt. of India has severely condemned the naxals attack in the Damanjodi Bauxite Mines of National Aluminium Company Limited (NALCO) on Sunday night. In a statement issued today, Shri Ola has praised the bravery and courage exhibited by CISF Jawans for saving the Government properties from the naxals attack. Shri Ola has expressed his deep condolences to the family members of the CISF Jawans, who have sacrificed their lives while discharging their duties.
Shri Ola has further said that NALCO is a Navratna Company of Govt. of India, which is known for world class production of aluminium. He has assured that this naxals attack will not adversely affect the production activities of the Company. While the production at its Alumina Refinery, Captive Power Plant and Smelter Plant is going on normally, the production at the Bauxite Mines may be affected marginally for a day or two.
Shri Ola has praised the bravery and courage shown by the employees of Bauxite Mines in safeguarding the Company’s properties.
Click here for PDF Document in Oriya
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290
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| NALCO ACHIEVES HIGHEST ALUMINIUM PRODUCTION IN 2008-09 |
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Performance highlights
- Highest-ever Cast Metal Production of 3.61 lakh tonnes
- Highest-ever domestic Metal sale of 2.71 lakh tonnes
- Alumina Refinery achieves 100.1% capacity utilization
Bhubaneswar, 03.04.09: National Aluminium Company Ltd. (NALCO), India’s leading manufacturer and exporter of alumina and aluminium has reported 103.4% capacity utilisation at its Aluminium Smelter with production of 361,262 tonnes cast metal in 2008-09, compared to 359,213 tonnes in 2007-08. Similarly, the Company’s Alumina Refinery has exceeded the capacity with production of 15.76 lakh tonnes of Alumina Hydrate against 15.75 lakh tonnes in previous year. Bauxite transportation from its Panchpatmali mines increased to 47.00 lakh tonnes from 46.84 lakh tonnes in the previous year.
Besides, Nalco achieved highest-ever domestic Metal sale of 2.71 lakh tonnes in 2008-09, surpassing the previous highest of 2.63 lakh tonnes in 2006-07.
The Company also achieved highest ever sale of rolled products of 14,042 tonnes against 9423 tonnes in 2007-08, domestic billet sale of 21,799 tonnes (against 16,826 tonnes) and domestic wire rod sale of 72,587 tonnes (against 68,179 tonnes). Besides, the Company was able to export 82,314 tonnes of aluminium despite sluggish market conditions.
Nalco has been pursuing the plans of continuous expansion of production capacity in order to strengthen its business and increase market share. The Company has started commissioning its various projects under its 2nd phase expansion programme.
The performance in respect of production and sales parameter for year 2008-09 and in comparison to previous year is given below
Sl No. |
Item |
2008-09 |
2007-08 |
A. |
Production |
1. |
Bauxite |
4,700,027 MT |
4,684,684 MT |
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Alumina Hydrate |
1,576,500 MT |
1,575,500 MT |
3. |
Aluminium |
361,262 MT |
359,213 MT |
4. |
Power |
5,541 MU |
5,609 MU |
B. |
Sales |
1. |
Alumina/Hydrate Sale |
888,581 MT |
887,276 MT |
2. |
Export of Aluminium |
82,314 MT |
101,723 MT |
3. |
Domestic Metal Sale |
271,274 MT |
251,611 MT |
4. |
Total Metal Sale |
353,589 MT |
353,334 MT |
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290 |
| NALCO ACHIEVES LOWER PROFIT AT Rs.219.46 CRORE IN 3RD QUARTER OF 2008-09 |
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Bhubaneswar, 28.01.09: National Aluminium Company Limited (NALCO), the flagship PSU of the Ministry of Mines, and India’s key manufacturer and exporter of alumina and aluminium, has reported its results for the 3rd quarter ended December 2008.
According to the reviewed financial results for 3rd quarter of the financial year 2008-09, taken on record by the Board of Directors in a meeting held in New Delhi today, the company has achieved net profit of Rs.219.46 crore, with a sales turnover of Rs.1091.97 crore. However, during the 3rd quarter of previous fiscal, the figures were up at Rs.329.44 crore and Rs.1220.97 crore, respectively. The company earned profit of Rs.445 crore from sale turnover of Rs.1,676 crore in 2nd quarter of the current fiscal.
The net profit and sales turnover for the 9 months ended December 2008 work out to Rs.1189.25 crore and Rs.4374.29 crore, respectively, as against the corresponding figures of Rs.1215.83 crore and Rs.3940.21 crore achieved during the first 9 months of the previous fiscal. The alumina sales during the 9 months of this fiscal have gone down to 6.05 lakh tonnes as against 6.27 lakh tonnes achieved during the comparable period of 2007-08 and the metal sales have also declined to 2.50 lakh tonnes from 2.61 lakh tonnes during the comparable 9 months of the previous fiscal.
The lower sales and profit during the 3rd quarter are primarily due to the global recession and sharp fall in demand and prices of alumina & aluminium.
Bhubaneswar, 27.01.09: Nalco's annual flower show Basant Pushpa Pradarshani was organized on January 24 and 25, at Nalconagar, Bhubaneswar. The show was inaugurated by Shri C.R. Pradhan, CMD, Nalco, in which 21 institutions and 88 individuals participated in different categories. In the concluding ceremony, Shri J.D. Sharma, IFS, Director Horticulture and Secretary, Orissa Horticulture Development Society was the chief guest. Shri Pradhan presided over the meeting.
Among the winners, AG Office, Bhubaneswar lifted the champion’s trophy and The Ranjita Institute of Hotel Management & Catering Technology was the runner-up. Similarly, in private category, Shri Kishore Chandra Nayak bagged the champion’s trophy and Sk. Sarwar Amin, bagged the runner-up trophy. Khuntia Nivas was awarded for best display of plants. The coveted ‘Queen of the Show’ award was bagged by the Nandankanan Zoological Park.
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290 |
| NALCO - RMMI PACT FOR INDONESIA PROJECT |
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RMMI to have 24% stake in aluminium smelter joint venture
Bhubaneswar, 20.12.08: National Aluminium Co. Ltd. (NALCO) a Navratna Company and India's largest integrated aluminium producer and exporter has entered into an agreement with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco’s new aluminium project in Indonesia.
Earlier in January 2008, NALCO had signed an MoU with the Govt of Indonesia to set up a 5-lakh tonne smelter and a 1250 mw captive power plant at an investment of Rs 14000 crore. Against this background, the schedules of construction of port and rail corridor by RMMI and smelter and power plant by Nalco would be synergized more efficiently through this joint venture.
While operations of the proposed smelter would leverage on RMMI's transport infrastructures in South Sumatra, the MoU also envisages actively scouting for other viable locations in Indonesia. This joint venture is aimed to create synergic value for the two companies and will enhance commitment to the project.
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290 |
| FIEO EXPORT AWARD FOR NALCO |
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Bhubaneswar, 16.12.08: National Aluminium Company Limited (NALCO), India’s leading producer and exporter, has bagged the prestigious “Niryat Shree” award for excellence in export for the 2005-06.
Instituted by the Federation of Indian Export Organisations (FIEO), the award was received by Shri C.R. Pradhan, CMD, Nalco from the Hon’ble Union Minister of Textiles, Shri Shankar Singh Vaghela in the presence of Hon’ble President of India, Smt. Pratibha Devisingh Patil, at a function held in New Delhi, today.
During 2005-06, Nalco exported 8.62 lakh tonnes of alumina and 95,747 tonnes of aluminium, earning a foreign exchange of Rs.2306.20 crores, against Rs 2200.25 crores in the previous year.
It may be mentioned here that Nalco has further improved its export performance during 2006-07. During the period, the Company earned record foreign exchange of Rs.2585 crore.
Nalco has been able to boost its exports considerably after 1st phase alumina and metal capacity expansion. The Company is now all set to complete its 2nd phase expansion at an investment of Rs.5100 crore which will further boost its export business.
Click here for PDF Document in Oriya
Issued by Corporate Communication Department, Phone:0674 – 2300680, Fax: 2301290
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| NAVRATNA NALCO ANNOUNCES 60% DIVIDEND PAYOUT OF Rs.387 CRORE |
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HIGHLIGHTS OF 2007-08
Highest-ever aluminium production of 3.6 lakh tonnes
Record alumina production of 15.75 lakh tonnes
Bhubaneswar, 20/09/2008: In the 27th Annual General Meeting held here today, the shareholders of National Aluminium Company Ltd. (NALCO) approved the Annual Accounts for 2007-08 with a sales turnover of Rs.5576 crore, net profit of Rs.1632 crore and an export earning of Rs.2135 crore. They also approved a dividend payout of 60% amounting to Rs.386.59 crore (including 45% interim dividend paid in February, 2008), on the paid-up equity share capital of Rs.644.31 crore.
During the year, NALCO has achieved 104.48% capacity utilization of its Smelter at Angul with a production of 360,457 tonnes of aluminium cast metal against 358,734 tonnes in the previous year. Similarly, the Alumina Refinery at Damanjodi has reported 100.04% capacity utilization with a production of 15,75,500 tonnes of alumina hydrate against 14,75,200 tonnes in the previous year. Bauxite production increased to 46,84,684 tonnes from 46,23,278 tonnes in the previous year. The Company’s 960 MW Captive Power Plant, near the Smelter Plant, has recorded a lower power generation of 5609 million units (against 5968 million units in the previous year), mainly due to coal shortage.
Ambitious Growth Plans
The Govt of India has conferred the Navratna status on NALCO. The coveted status is conferred on select Central Public Sector Enterprises (CPSE), which emerge as significant players in the economic development of the country, having comparative advantages and capacities to become global giants. With this elevated status, NALCO now enjoys more managerial powers and commercial autonomy, to chart its own course in the world market.
In order to emerge as a company of global repute, NALCO has drawn ambitious growth plans worth Rs.40,000 crore for the next 5 years. These include Smelter and Power Projects in Indonesia and Iran. Besides, the Company is planning brownfield and greenfield projects within the country.
Brownfield Expansions
Creditably, except for the part funding of the capital cost of the original project to the tune of Rs.1288.62 crore by way of equity, NALCO has not depended on the Government budgetary support at any point of time – not even for the Rs.3600-crore 1st phase expansion project. Continuing with its self-propelled growth, now the 2nd phase expansion is under implementation at an investment of more than Rs.5000 crore, which is scheduled to be completed by 2008 end.
| Unit |
Original CapacitiesAfter 1st Phase Expansion |
After 2nd Phase Expansion |
Bauxite Mines |
24,00,000 MT
48,00,000 MT |
63,00,000 MT |
Alumina Refinery |
8,00,000 MT
15,75,000 MT |
21,00,000 MT |
Aluminium Smelter |
2,30,000 MT
3,45,000 MT |
4,60,000 MT |
Power Plant |
600 MW
960 MW |
1200 MW |
Now, plans are afoot for 3rd phase expansion at an estimated cost of Rs.6000 crore. Under this expansion, the company’s aluminium capacity from existing plant will go up to 5.80 lakh tonnes and power generation to 1400 MW per annum.
Greenfield Projects
NALCO has also plans to start new projects in the country.
A Mines & Refinery Complex is being planned in Andhra Pradesh. The Bauxite Mines capacity will be 42 lakh tonnes, while the Refinery will have a capacity of 14 lakh tonnes. The project will involve an investment of Rs.7000 crore.
In Orissa, a Smelter & Power Complex has been planned in Jharsuguda district at an investment of Rs.8500 crore. This project envisages a Smelter of 5-lakh tonne capacity and a Power Plant of 1260 MW capacity.
Projects Abroad
NALCO has signed an MoU with the Govt of Indonesia, to set up a 5-lakh tonne Smelter and a 1250 MW Captive Power Plant. NALCO plans to invest around Rs.14,000 crore in this greenfield project.
In Iran, a 3.30-lakh tonne Smelter has been planned, in two phases, as a joint venture with ALPHA (in which Kerman Development Organization is the major partner). The MoU was signed in March this year. The project cost will be approximately Rs.8000 crore.
OTHER PROJECTS
Aluminium Park
NALCO has plans to set up an Aluminium Park in Angul, as a joint venture with Orissa Industrial Infrastructure Development Corporation (IDCO). For this, 500 acres of land is being acquired. NALCO & IDCO shall take care of basics like infrastructure, communication and power supply. The proposed downstream industries shall go for products like Caustic Soda, Aluminium Fluoride, CT Pitch and CP Coke; while downstream industries shall explore the possibilities of Castings, Extrusions, Aluminium Conductor, Aluminium Plates & Rounds, besides other products.
Aluminium Wagons
At the same time, Bharat Earth Movers Limited (BEML) and NALCO have entered into an agreement to collaborate for the production of aluminium rail wagons. Aluminium rail coaches and metro coaches shall be taken up subsequently. As per the agreement, the products would be jointly developed by these two leading PSUs and NALCO would supply the aluminium extrusions after conversion from its billets and ingots through a third party. The aluminium wagons and coaches have several advantages like light weight, higher carrying capacity, environment friendliness, lower lifecycle cost etc.
Cement Plant
Expression of Interest has been invited from competent parties to set up a cement plant based on fly ash of Nalco’s power plant at Angul. Offers of two bidders have been found acceptable and these two have been shortlisted for joint venture. The project will involve an investment of Rs.300 crore. Bidders need mining lease for limestone in Orissa to go ahead with the project and have submitted applications.
In addition to all these, several projects are in the pipeline at various stages aimed at backward integration to ensure smooth and economic sourcing of raw materials.
Issued by Corporate Communication Department, Phone: 2300680, 2300252, Fax: 2301290
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| Shri Bagra takes additional charge of MD, BGML |
Bhubaneswar, 20/09/2008: Shri B.L. Bagra, Director (Finance), National Aluminium Company Limited (NALCO), has been given the additional charge of Managing Director, Bharat Gold Mines Limited (BGML), for a period of two years.
The Kolar Gold Fields of BGML in Karnataka was once abuzz with hectic activities. The sweat and success, followed by the glitter and glitz, unfortunately led to certain unwarranted situations and Government was constrained to close the company in 2001. After retrenching all the employees, the Government has been mulling to dispose of all the assets, including its land, building, equipment and the mining dumps. But now, the Ministry of Mines has decided to give one more try and restart the mining activities through external agency. Interestingly, besides new areas, since technology has improved over the years, gold is still recoverable even from the huge mining dumps accumulated over almost a century.
With the decision, the Government identified Shri Bagra to restart the mining operations, under the supervision of Ministry and the Karnataka High Court. Besides being CFO of Navratna PSU NALCO, Shri Bagra brings along more than three decades of experience in Transport, Mining, Mineral, Power and Seed sectors.
Issued by Corporate Communication Department, Phone: 2300680
Also Shri Bagra can be contacted at 9338089655 (Mobile) |
| Rastriya Ekta Samman to Shri A.K. Sharma |
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| Bhubaneswar, 25th August 2008: Shri A.K. Sharma, Executive Director, Smelter and Power Complex, NALCO, was honoured with the prestigious Rajiv Gandhi Rashtriya Ekta Samman for his outstanding services, achievements and contributions towards the society. Shri Sharma received the award from Dr Bhishma Narain Singh, former Governor of Tamil Nadu and Shri Santosh Bagrodia, Union Minister of State for Coal, on the occasion of 65th birth anniversary of late Prime Minister Rajiv Gandhi at Rastriya Ekta Divas celebration in New Delhi on 20 August, 2008. |
| Nalco Awarded |
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| Bhubaneswar, 15.08.2008: Nalco was adjudged the Best Public Sector Enterprise for its Corporate Social Responsibility activities. Shri Naveen Patnaik, Chief Minister of Orissa, handed over the trophy to Shri C.R. Pradhan, Chairman-cum-Managing Director, Nalco, at Think Odisha Leadership Awards function, organized by The Times of India & Tefla's at Bhubaneswar on 14th August. |
| EEPC Star Performer Export Award for Nalco |
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Bhubaneswar, 09.08.2008: National Aluminium Company Limited (Nalco), a Navratna PSU and India’s leading manufacturer-exporter of alumina and aluminium, has bagged the Engineering Export Promotion Council’s prestigious All India Export Award being adjudged as the ‘Star Performer’ in large enterprise category, for its outstanding export performance during the year 2006-07.
On behalf of the company, the award was received by Shri K.K. Mallick, Director (Commercial), from Shri Pranab Mukherjee, Union Minister of External Affairs, Govt of India, at a function held in Kolkata today.
On receiving the award, Shri Mallick said: “Nalco has played a pioneering role in the export of alumina and aluminium from India. Since the beginning, the company has been constantly increasing its exports and forex earnings. During the 2006-07 fiscal i.e. the period for which the award was received, the company exported 7.73 lakh tonnes of alumina and 93,122 tonnes of aluminium, earning an all-time high foreign exchange of Rs.2585 crore. The company also earned the highest-ever sales turnover and net profit of Rs.6515 crore and Rs.2381 crore respectively during the year”.
According to Shri Mallick, Nalco products are exported to more than 30 countries. The company exports around 54% of the alumina produced, after meeting its captive consumption for production of aluminium metal. Presently, around 30% of metal production is exported and remaining 70% is sold in the domestic market. |
| NALCO’S 1st QUARTER
TURNOVER Rs.1606 CRORE, UP 25%;
NET PROFIT Rs.525 CRORE, UP 18% |
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Bhubaneswar, 31.07.2008: National Aluminium Company Limited (NALCO), a Navratna PSU and India’s leading producer and exporter of alumina and aluminium, has reported Profit After Tax of Rs.525.33 crore for the 1st quarter ended June 30, registering an increase of 17.6% over Rs.446.66 crore achieved in the corresponding period of the previous fiscal.
According to the results taken on record at a meeting of the Board of Directors here today, the company has also reported a turnover of Rs.1606.41 crore, compared to Rs.1287.12 crore achieved in the corresponding quarter of the previous year, recording a jump of 24.8%.
On the sales front also, NALCO has put up an impressive performance. The company sold 2,21,405 MT of alumina in the 1st quarter, which was 2,07,765 MT in the corresponding period a year ago. Similarly, the aluminium sale increased from 75,858 MT to 84,103 MT during the comparable quarter.
Meanwhile, the state-level single window clearance authority of Orissa Govt has cleared NALCO’s Rs.16,345 crore investment proposal to set up a 5 lakh tonne Smelter and 1260 MW Captive Power Plant at Brajarajnagar in Jharsuguda district. The proposal now awaits approval of Apex-level Committee chaired by the Chief Minister.
At the same time, the 2nd phase expansion projects of the company are nearing completion with an investment of about Rs.5000 crore. The company has also drawn ambitious plans to invest around Rs.40,000 crore in various greenfield projects in India and abroad, including Indonesia, South Africa and Iran.
At the beginning of this year, NALCO signed an MoU with the Govt of Indonesia, to set up a 5 lakh tonne Smelter and a 1250 MW Captive Power Plant in that country. The company plans to invest around Rs.14,000 crore in this greenfield project, for which Tanjung Enim and Tanjung Api-Api are the probable sites. The consultants have favoured Tanjung Api-Api based on their preliminary site-survey and studies.
NALCO is also pushing ahead its plan to open a new bauxite mine in Andhra Pradesh and set up an Alumina Refinery there. |
| NAVRATNA NALCO TO INVEST Rs.40,000 CRORE IN EXPANSION PROJECTS |
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Bhubaneswar: 06.06.2008 : The Govt of India has conferred the Navratna status on National Aluminium Company Limited (Nalco). The coveted status is conferred on select Central Public Sector Enterprises (CPSE), which emerge as significant players in the economic development of the country, having comparative advantages and capacity to become global giants. With this elevated status, Nalco now enjoys more managerial powers and commercial autonomy, to chart its own course in the world market.
In order to emerge as a company of global repute, Nalco has drawn ambitious growth plans involving massive investment of around Rs.40,000 crore in next 5 years. These include Smelter and Power Projects in Indonesia, South Africa and Iran. Besides, the company is planning brownfield and greenfield growth projects within the country.
Brownfield Expansions :
Creditably, except for the part funding of the capital cost of the original project to the tune of Rs.1288.62 crore by way of equity, Nalco has not depended on the Government budgetary support at any point of time – not even for the Rs.3600-crore 1st phase expansion project. Continuing with its self-propelled growth, now the 2nd phase expansion is under implementation at an investment of Rs.4092 crore, which is scheduled to be completed by 2008 end.
Unit |
Original Capacities |
After 1st Phase Expansion |
After 2nd Phase Expansion |
Bauxite Mines |
24,00,000 MT |
48,00,000 MT |
63,00,000 MT |
Alumina Refinery |
8,00,000 MT |
15,75,000 MT |
21,00,000 MT |
Aluminium Smelter |
2,30,000 MT |
3,45,000 MT |
4,60,000 MT |
Power Plant |
600 MW |
960 MW |
1200 MW |
Now, plans are afoot for 3rd phase expansion, which is likely to entail an expenditure to the tune of Rs.6000 crore. Under this expansion, the bauxite mining capacity shall be enhanced to around 90 lakh tonnes, alumina refining to 30 lakh tonnes, aluminium smelting to 6.3 lakh tonnes and power generation to 1700 MW per annum.
Greenfield Projects :
Nalco has also plans to set up new Projects in the country.
A Mines & Refinery Complex is being planned in Andhra Pradesh. The Bauxite Mines capacity will be 42 lakh tonnes, while the refinery will have a capacity of 14 lakh tonnes. Draft MoU is under negotiation with Govt of Andhra Pradesh. The project will involve an investment of Rs.7000 crore.
In Orissa, a Smelter & Power Complex has been planned in Ib valley in Jharsuguda District at an investment of Rs.8500 crore. This project envisages a smelter of 5 lakh tonne capacity and a coal-based power plant of 1260 MW capacity. Pre-feasibility report has been finalized by EIL. Nalco has submitted an application for allotment of water resources, the most critical factor, to the Govt of Orissa, last month.
New Projects abroad :
At the beginning of this year, Nalco signed an MoU with the Govt of Indonesia, to set up a 5-lakh tonne Smelter and a 1250 mw Captive Power Plant in that country. Nalco plans to invest around Rs.14,000 crore in this greenfield project.
Besides, Nalco is exploring the possibilities of setting up a Smelter and Power Plant in South Africa at an investment of around Rs.16,000 crore.
In Iran, a 3.1-lakh tonne Smelter has been planned, in two phases, as a joint venture with ALPHA (in which Kerman Development Organization is the major partner). The MoU was signed in March this year. The project cost will be approximately Rs.8000 crore.
The foreign projects are not exclusive, rather these are being pursued simultaneously, with an objective that any one or two of these would be ultimately taken up on the basis of viability and time required.
Other Projects
Aluminium Park :
Nalco has plans to set up an Aluminium Park in Angul, as a joint venture with Orissa Industrial Infrastructure Development Corporation (IDCO). For this 500 acres of land is being acquired. Nalco & IDCO shall take care of basics like infrastructure, communication and power supply. The proposed upstream industries shall go for products like Caustic Soda, Aluminium Fluoride, CT Pitch and CP Coke; while downstream industries shall explore the possibilities of Castings, Extrusions, Aluminium Conductor, Aluminium Plates & Rounds, besides other products.
Aluminium Wagons :
At the same time, Bharat Earth Movers Limited (BEML) and Nalco have entered into an agreement to collaborate for the production of aluminium rail wagons. Aluminium rail coaches and metro coaches shall be taken up subsequently. As per the agreement, the products would be jointly developed by these two leading PSUs and Nalco would supply the aluminium extrusions after conversion from its billets and ingots through a third party. The aluminium wagons and coaches have several advantages like light weight, higher carrying capacity, environment friendliness, lower life cycle cost etc.
Cement Plant :
Expression of Interest has been invited from competent parties to set up a cement plant based on fly ash of Nalco’s power plant at Angul. Offers of two bidders, Sree Cement and Cement Manufacturing Company have been found acceptable and these two have been shortlisted for joint venture. The project will involve an investment of Rs.300 crore. Bidders need mining lease for limestone in Orissa to go ahead with the project and have submitted applications.
In addition to all these, several projects are in the pipeline at various stages aimed at backward integration to ensure smooth and economic sourcing of raw materials. |
| NAVRATNA STATUS CONFERRED ON NALCO |
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Bhubaneswar: 29.04.2008: National Aluminium Company Limited (NALCO), the flagship PSU of the Ministry of Mines, and India’s largest manufacturer and exporter of alumina and aluminium, has been granted the Navratna status, according to an office memorandum released by the Department of Public Enterprises, Govt. of India.
Navratna status is conferred on select Central Public Sector Enterprises (CPSE), on becoming significant players in the economic development of the country. On achieving the status, certain powers are delegated to those CPSEs that had comparative advantages and capacity to become global giants.
NALCO is presently undergoing its 2nd phase expansion with an investment of more than Rs.5000 crore, which is scheduled to be completed by this year end. At the same time, plans are afoot to set up Smelter and Power Plants in Indonesia and South Africa by the company.
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| NALCO ACHIEVES Rs.409.06 CRORE NET PROFIT
IN 4TH QUARTER OF 2007-08 |
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Bhubaneswar: 29.04.2008: National Aluminium Company Limited (NALCO), the flagship PSU of the Ministry of Mines, and India’s largest manufacturer and exporter of alumina and aluminium, has reported its results for the 4th quarter ended March 2008.
According to the unaudited financial results taken on record in the Board of Directors meeting held in New Delhi today, the company has achieved a net profit of Rs.409.06 crore, with a sales turnover of Rs.1533.87 crore. However, during the 4th quarter of the previous fiscal, the net profit was Rs.591.48 crore with a turnover of Rs.1722.97 crore.
The net profit and sales turnover for the financial year 2007-08 work out to Rs.1624.89 crore and Rs.5474.08 crore respectively, as against the corresponding figures of Rs.2381.38 crore and Rs.6514.51 crore achieved during the previous year.
Despite NALCO achieving more than 100% capacity utilization of its Alumina Refinery and Smelter Plant this year, the company has lost more than Rs.600 crore due to appreciation of rupee vis-à-vis US$. NALCO’s alumina production has gone up to 15,75,500 MT from 14,75,200 MT, while the aluminium production has gone up to 3,59,213 MT from 3,58,734 MT during 2007-08.
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| NALCO BOARD STRENGTHENED |
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Bhubaneswar: 25/04/2008: The Board of National Aluminium Company Limited (NALCO), a leading PSU under Ministry of Mines, has been further strengthened with the induction of five Independent Directors for a period of three years. They are: Shri S.B. Mishra, Former Chief Secretary of Orissa; Shri N.R. Mohanty, Former Chairman, HAL; Dr. Jyoti Mukhopadhyay, Director, Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC); Shri R.K. Sharma, Secretary General, Federation of Indian Mineral Industries and Maj. General Samay Ram (Retd.). With this induction, the requirement of Listing Agreement with Stock Exchange to have eight Independent Directors in the Board has been complied with in full and the development is expected to pave the way for formally conferring Navratna status on NALCO. |
| NALCO in Forbes’ Global 2000 List |
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Bhubaneswar: 07/04/2008: National Aluminium Company Limited (NALCO), a leading PSU under Ministry of Mines, is one of the 48 Indian companies which have figured in Forbes’ ‘Global 2000 List’. Led by India’s most valued firm Reliance Industries (ranked 193), followed by PSU major ONGC (198), these companies have been included in the prestigious list on the basis of their respective sales, profits, assets and market capitalization. From the eastern part of India, only Tata Steel (738) and NALCO (1478) have found place in the list. Among the Indian companies, NALCO has been ranked 32, while among the public sector companies it has achieved the 11th position.
The top ten PSUs (excluding banks) are: ONGC, IOC, NTPC, SAIL, BPCL, BHEL, HPCL, NMDC, GAIL and PGCIL. Among the public sector banks, SBI (219) tops the Indian list. |
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| NALCO PAYS 45% INTERIM DIVIDEND |
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Bhubaneswar, 10.03.2008: National Aluminium Company Limited (NALCO) – India’s leading manufacturer and exporter of alumina and aluminium, under Ministry of Mines – paid an interim dividend of 45% on the paid-up capital of Rs.644.31 crore, amounting to Rs.289.94 crore for the financial year 2007-08.
The dividend cheque for Rs.252.67 crore on the 87.15% shares held by the Govt. of India was handed over to Shri Sis Ram Ola, Union Minister of Mines, by Shri C.R. Pradhan, CMD, Nalco, in New Delhi today, in the presence of Shri J.P. Singh, Secretary, Ministry of Mines, Shri B.L. Bagra, Director (Finance), Nalco, Shri Joy Varghese, Director (P&A), Nalco, and other senior officials of the Ministry and the Company. The balance amount of Rs.37.27 crore has been disbursed to other shareholders of the Company like banks, financial institutions and individual shareholders. |
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| NALCO BAGS EEPC GOLD TROPHY |
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Bhubaneswar, 29.02.2008: National Aluminium Company Limited (NALCO), India’s leading producer and exporter of alumina and aluminium, has bagged the EEPC (Engineering Export Promotion Council, Eastern Region)’s Gold Trophy, as Top Exporter in the Large Enterprise Category, for outstanding contribution to engineering exports during the year 2005-06.
On behalf of the company, the award was received by Mr P.K. Parida, Executive Director (Marketing), from Mr Guenter Wehrman, Council General, Consulate General of Federal Republic of Germany, in the presence of Mr Manabendra Mukherjee, Minister in-charge of Micro & Small Scale Enterprises, Textiles and Tourism, Govt. of West Bengal, at a function held in Kolkata yesterday.
Nalco has played a pioneering role in the export of alumina and aluminium from India. Since inception, the company has been constantly increasing its exports and forex earnings. During the Financial Year 2005-06, the company exported 8.62 lakh tonnes of alumina and 95,747 tonnes of aluminium, earning a foreign exchange of Rs.2307 crore. It may be mentioned that during the Financial Year 2006-07 also, Nalco achieved a record export earning of Rs.2586 crore.
Nalco products are exported to more than 30 countries. It is the first Indian company to be registered with London Metal Exchange and has ISO-9000-2001 and ISO-14001 Certifications for all its units like Mines, Alumina Refinery, Aluminium Smelter and Power Plant.
The company is currently implementing its 2nd phase expansion programme, at an investment of Rs.4092 crore, which will be completed by this year end.
Nalco has recently signed an MoU with the Govt. of Indonesia, to set up a 5-lakh tonne Smelter and a 1250 MW Captive Power Plant in that country. Nalco plans to invest around 3.4 billion US dollars (approx. Rs.14,000 crore) in this greenfield project. |
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Nalco to pay enhanced interim dividend of 45% |
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Bhubaneswar,
06 February
2008: National Aluminium Company Limited (NALCO) – India’s leading manufacturer and exporter of alumina and aluminium – has announced an enhanced interim dividend of 45% on a paid-up capital of Rs.644.31 crore, amounting to Rs.289.94 crore for the 2007-08 fiscal. About a week back, the company had announced an interim dividend of 40%, which has now been enhanced by 5%. The Govt. of India holds 87.15% shares of this flagship company under the Ministry of Mines, while the balance shares are held by various individuals, banks, financial institutions etc. |
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Nalco achieves Rs 329.44 crore net profit
in 3rd quarter of 2007-08 |
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Bhubaneswar
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29
January
2008: National Aluminium Company Limited (NALCO), the flagship PSU of the Ministry of Mines, and India’s largest manufacturer and exporter of alumina and aluminium, has reported its results for the 3rd quarter ended December 2007.
According to the unaudited financial results for the 3rd quarter of the financial year 2007-08, taken on record in the Board of Directors meeting held in Bhubaneswar on January 29, the company has achieved a net profit of Rs.329.44 crore, with a sales turnover of Rs.1220.97 crore. However, during the 3rd quarter of previous fiscal, the figures were up at Rs.572.6 crore and Rs.1588.07 crore respectively.
The net profit and sales turnover for the 9 months ended December 2007 work out to Rs.1215.83 crore and Rs.3940.21 crore respectively, as against the corresponding figures of Rs.1789.9 crore and Rs.4791.54 crore achieved during the first 9 months of the previous fiscal. However, the alumina sales during the 9 months of this fiscal have gone up to 6.27 lakh tonnes as against 4.88 lakh tonnes achieved during the comparable period of 2006-07. On the other hand, the metal sales have gone down to 2.61 lakh tonnes from 2.66 lakh tonnes during the comparable 9 months of the two fiscals.
The lower sale and profit are primarily because of lower global alumina & aluminium prices and importantly, a rising rupee. Alumina export price averaged 266 dollars per tonne this quarter as against 393 dollars last year during the comparable period. Similarly, at the London Metal Exchange, the average aluminium price went down to 2444 dollars per tonne from 2724 dollars during the comparable quarters of the two fiscals. Also, the dollar-rupee rate slumped to Rs.39.55 from Rs.44.83 during the comparable quarters. Supply of coal, a major raw material, was also adversely affected during the 3rd quarter, which resulted in an additional expenditure of Rs.42.86 crore during the quarter, owing to use of more expensive coal imported from abroad and from BCCL. |
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Shri S. Vijay Kumar inducted to Nalco Board |
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Bhubaneswar
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29 January
2008: Shri Subramanyam Vijay Kumar, Additional Secretary, Ministry of Mines, Govt. of India has been inducted as Part-time Official Director of National Aluminium Company Limited (NALCO). An IAS Officer of HP cadre of 1976 batch, Shri Vijay Kumar brings along rich experiences in Parliamentary Affairs, Rural Development and Administrative Reforms. |
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Nalco reaches out to senior citizens through HelpAge India |
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Bhubaneswar
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28 January
2008: Nalco donated a Mobile Medicare Unit, costing Rs.8.25 lakh, to HelpAge India, to reach out to the doorsteps of needy senior citizens. On behalf of the company, Shri C.R. Pradhan, CMD, handed over the keys to Ms Rashmi Mohanty, Deputy Director, HelpAge India, Orissa & Chhattisgarh, in the presence of Shri Joy Varghese, Director (P&A), Shri B.L. Bagra, Director (Finance) and other senior officers of Nalco, on the Republic Day at Nalco Bhavan. |
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NALCO signs MoU with Govt of Indonesia |
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Bhubaneswar
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11 January
2008: National Aluminium Company Limited (NALCO), a leading PSU under Ministry of Mines, Govt. of India, has signed an MoU with the Govt of Indonesia in Jakarta today, to set up a 5-lakh tonne Smelter and a 1250 mw Captive Power Plant in that country. The MoU was signed between Shri B.L. Bagra, Director (Finance), representing NALCO and Prof. H. Mahyuddin, Vice Governor, South Sumatra Province, representing the Indonesian Govt., in the presence of Shri J.P. Singh, Secretary (Mines), and Shri V.K. Thakral, Joint Secretary (Mines), Govt. of India.
NALCO plans to invest around 3.4 billion US dollars in this greenfield project, which works out to around 14,000 crore INR. The proposed plants will be set up in two phases. In the 1st phase, the company shall have a 2.5-lakh tonne capacity Smelter and a 750 mw Power Plant.
Besides Indonesia, NALCO is also exploring the possibilities of setting up plants in Iran, Saudi Arabia and South Africa.
Closer home, NALCO is trying to set up an Aluminium Park for upstream and downstream industries, in Angul, as a joint venture with Orissa Industrial Infrastructure Development Corporation (IDCO). For this 500 acres of land is being acquired. NALCO & IDCO shall take care of basics like infrastructure, communication and power supply. The proposed upstream industries shall go for products like Caustic Soda, Aluminium Fluoride, CT Pitch and CP Coke; while downstream industries shall explore the possibilities of Castings, Extrusions, Aluminium Conductor, Aluminium Plates & Rounds, besides other products. |
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Issued by Corporate Communication Dept.
Phone: (0674) 2300552/2300680 |
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