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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.

Vedanta Aluminium aims to triple capacity

Vedanta Aluminium will triple its capacity by 2015 to 2.3 million tonnes to cater for an expected surge in demand in India, its managing director said, even though its inability to source enough alumina at home has forced it to import the raw material.

NALCO temporarily cuts daily output on power shortage

Insufficient power supply has forced state-run National Aluminium Co Ltd (NALCO) to cut its daily aluminium output by about 6 per cent, a senior company official said on Saturday.