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Nalco stake sale fully subscribed, retail buyers outbid

Nalco stake sale fully subscribed, retail buyers outbid

The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.

 Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

NALCO agrees to buy back 25 percent stake from government: Mines Secretary

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

Nalco plans Solar Electrification in 163 villages of Koraput

National Aluminium Company (Nalco) has decided to install solar electrification systems in 163 periphery villages in tribal dominated Damanjodi sector of Odisha's Koraput district, where the company's Mines & Refinery Complex is located.

Nalco registers record bauxite, alumina production

Public sector Nalco has clocked a record production of alumina and bauxite in fiscal 2015-16.

PSUs to invest over Rs 10,000 crore in mining sector

Public sector units (PSUs) such as Nalco and Hindustan Copper Ltd have proposed to invest more than Rs 10,000 crore in the mining sector, Parliament was informed today

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile markets may slow down PSU stake sale: FM Jaitley

Volatile stock markets may compel government to go slow in diluting PSU stocks in the stock market, said Finance Minister Arun Jaitley

Odisha gets its first solar village

Barapitha, a tribal hamlet in the outskirts of the state capital, today became Odisha's first solar village.

Nalco announces Rs 451 crore dividend for 2014-15

Pubilc-sector aluminium giant Nalco on Saturday declared a total dividend payout of 35 per cent amounting to Rs 451.02 crore for 2014-15.

Nalco aims to be global player in mining, metals, energy: CMD

Aiming to make Nalco a global player in mining, metal and energy sectors, its CMD T K Chand on Saturday said the company will focus on increasing production, expansion and modernisation of plants besides diversification of products.

Govt allocates 2 coal blocks in Odisha to Nalco

In a major relief for aluminium major Nalco, the Centre Tuesday allocated Utkal D and E coal blocks in favour the company, which has already set up a 4.6 lakh tonne smelter and 1,200 MW Captive Power Plant in Odisha's Angul district.

Nalco to invest Rs 30,000 crore in Odisha

Aluminium major National Aluminium Company Ltd (Nalco) said it will invest Rs 30,000 crore in Odisha, which has unveiled a new industrial policy aimed at attracting investments worth Rs 1,73,000 crore.

Nalco puts expansion, diversification plan in fast mode

Nalco on Monday put expansion, diversification into mining and other areas on top priority, besides focusing on exploring new and virgin markets, to tide over difficult phase faced by metal sector due to sluggish domestic and global markets.

Stable stocks to give divestment programme a big lift

Stable stocks to give divestment programme a big lift

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

NALCO in pact with GACL for setting up of caustic soda plant

State-run NALCO has signed an agreement with Gujarat Alkalies and Chemicals Ltd (GACL) for setting up of an integrated caustic soda plant and captive power plant in Gujarat's Dahej at a cost of Rs 1,789 crore.

NALCO Q4 Net surges over two folds to Rs 354.87 cr

State-run National Aluminium Company (NALCO) on Saturday reported an over two-fold rise in its net profit at Rs 354.87 crore, helped by an exceptional gain.

N R Mohanty assumes additional charge as CMD of NALCO

Mohanty has rich and varied experiences of more than 33 years in aluminium industry. He has worked in various capacities in the company's Smelter Plant and Corporate Office.

N R Mohanty assumes additional charge as CMD of NALCO

The additional charge was given to Mohanty following the superannuation of Ansuman Das, a company statement said here on Friday.

Nalco achieves highest turnover in 2014-15

National Aluminium Company (NALCO), a navaratna public sector undertaking, has achieved its highest gross turnover of Rs 7,774 crore in financial year 2014-15 as compared to Rs 7,024 crore achieved during previous fiscal.

Stake sale in 4 PSUs likely to yield Rs 22,547 crore: Sinha

The Cabinet Committee on Economic Affairs (CCEA) has approved sale of equity in four state-owned companies including ONGC and NMDC which may fetch the exchequer Rs 22,574 crore, the Lok Sabha was informed Friday.