NALCO News

Market experts also suggest buying the stock at around Rs 95 to Rs 100 levels. The stock could pretty soon jump about 40%. In the ongoing calendar year, NALCO’s share price has jumped by 121.98%.

NALCO announced vacancies for various posts The online applications started on November 8

Currently, he with his wife Rekha and others have jointly invested in more than 40 public listed companies. Most of his stocks have given bumper returns. He also invests in stocks via his firm Rare Enterprises.

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.

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.

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.

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.

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

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

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

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.

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.

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.

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 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.

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

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.

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.

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.