National Aluminium Company Ltd

National Aluminium Company Ltd (Nalco) on Wednesday reported an 83.2 per cent decline in consolidated profit at Rs 125.43 crore for the quarter ended September 30, on the back of higher expenses and lower income.

National Aluminium Company Ltd is the first disinvestment of the current fiscal year, which started on April 1.

Analysts had been expecting lower energy costs and firm prices to help the company to post better margins and higher revenues in the coming quarters.

State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 per cent of its shares from the government, Mines Secretary Balvinder Kumar told Reuters after a meeting with the company on Monday to discuss pricing.

The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.

NALCO plans to sell around 8000 MT per annum from the stockyard and shall cater to the customers in and around Gujarat, a company release said.

National Aluminium Company Ltd (Nalco) on Wednesday reported a 29.9 per cent drop in net profit at Rs 172.45 crore for the quarter ended March, 2014, on the back of lower income and higher expenses.

National Aluminium Company Ltd (NALCO) on Wednesday reported a 10 per cent jump in net profit at Rs 131 crore for the third quarter that ended on December 31, 2013.

Workers angered at losing their jobs shut a major coal field of Coal India Ltd on Friday, leading to the loss of 200,000 tonnes per day of output and causing alarm among power producers already facing tight supply, the company said.

India is calling in specialist monitors to improve the poor quality of coal it is getting for its power stations. Indian utilities complain that poor quality coal reduces the efficiency of power stations, requiring more fuel and an increased need for the costly disposal of pollution.

National Aluminium Company Ltd (NALCO) has signed an agreement with the Union Ministry of Mines regarding physical and financial targets for 2013-14.

The government is likely to scale back the size of the its planned auction of shares in National Aluminium Co Ltd (NALCO), two sources with direct knowledge of the matter said. The government could also offer a hefty discount to the company's market price, because of the limited current float in the stock and the sluggish demand outlook for the met...

Nalco disinvestment, which could fetch Rs 1,400 crore to exchequer, is likely to hit the market during the first week of March, after the budget, to ensure it is not impacted by volatility in stock markets.

Country's leading bourse National Stock Exchange (NSE) has decided to remove price bands from the securities of six state-owned companies, including Oil India, Bharat Electronics and Engineers India Ltd, from tomorrow.

The state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by Rs 4,500 per tonne for all products in the domestic market, effective December 1, company sources said on Sunday.

National Aluminium Company Ltd (Nalco) on Wednesday reported an 83.2 per cent decline in consolidated profit at Rs 125.43 crore for the quarter ended September 30, on the back of higher expenses and lower income.

National Aluminium Company Ltd is the first disinvestment of the current fiscal year, which started on April 1.

Analysts had been expecting lower energy costs and firm prices to help the company to post better margins and higher revenues in the coming quarters.

State-controlled National Aluminium Co Ltd (NALCO) has agreed to buy back 25 per cent of its shares from the government, Mines Secretary Balvinder Kumar told Reuters after a meeting with the company on Monday to discuss pricing.

The cabinet has already approved the sale of 5 per cent stakes in ONGC and Bharat Heavy Electricals Ltd, and 10 per cent each in NALCO and NMDC Ltd, Mr Sinha told lawmakers in a written reply in the lower house of parliament.

NALCO plans to sell around 8000 MT per annum from the stockyard and shall cater to the customers in and around Gujarat, a company release said.

National Aluminium Company Ltd (Nalco) on Wednesday reported a 29.9 per cent drop in net profit at Rs 172.45 crore for the quarter ended March, 2014, on the back of lower income and higher expenses.

National Aluminium Company Ltd (NALCO) on Wednesday reported a 10 per cent jump in net profit at Rs 131 crore for the third quarter that ended on December 31, 2013.

Workers angered at losing their jobs shut a major coal field of Coal India Ltd on Friday, leading to the loss of 200,000 tonnes per day of output and causing alarm among power producers already facing tight supply, the company said.

India is calling in specialist monitors to improve the poor quality of coal it is getting for its power stations. Indian utilities complain that poor quality coal reduces the efficiency of power stations, requiring more fuel and an increased need for the costly disposal of pollution.

National Aluminium Company Ltd (NALCO) has signed an agreement with the Union Ministry of Mines regarding physical and financial targets for 2013-14.

The government is likely to scale back the size of the its planned auction of shares in National Aluminium Co Ltd (NALCO), two sources with direct knowledge of the matter said. The government could also offer a hefty discount to the company's market price, because of the limited current float in the stock and the sluggish demand outlook for the met...

Nalco disinvestment, which could fetch Rs 1,400 crore to exchequer, is likely to hit the market during the first week of March, after the budget, to ensure it is not impacted by volatility in stock markets.

Country's leading bourse National Stock Exchange (NSE) has decided to remove price bands from the securities of six state-owned companies, including Oil India, Bharat Electronics and Engineers India Ltd, from tomorrow.

The state-run National Aluminium Co Ltd (NALCO) has raised aluminium prices by Rs 4,500 per tonne for all products in the domestic market, effective December 1, company sources said on Sunday.