&w=3840&q=100)
Nalco clarifies ₹30,000-cr smelter expansion plan on track, not deferred
The company said it is currently updating the detailed project report (DPR) for its brownfield smelter expansion, which includes a captive power plant integrated with renewable energy. The revision is being undertaken to align with evolving business needs.
Nalco issued the clarification via a filing to the Bombay Stock Exchange (BSE), stating: 'The Nalco management refutes the report.' It added that discussions with technology partners are ongoing. 'Discussion with technology partners, including RTAL, is being actively pursued and is on track. It is premature to disclose any details on the discussion at this stage,' the company said in the filing.
Profit doubles in Q4FY25
Nalco recently posted strong financial results for the March 2025 quarter, reporting a consolidated net profit of ₹2,067.23 crore — more than double the ₹996.74 crore reported in the same period last year.
Revenue from operations for the January–March period rose to ₹5,267.83 crore, compared to ₹3,579.05 crore a year earlier.
Nalco operates across the full aluminium value chain, including bauxite mining, alumina refining, aluminium smelting, and power generation. The Indian government currently holds a 51.28 per cent stake in the company.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
11 hours ago
- Mint
Realty stock Man Infraconstruction rebounds following bounce back in Indian stock market
Stock Market Today: Realty stock Man Infraconstruction rebounded during the intraday trades following a bounce back in the Indian stock market. The bounce back was led by news on the director of Man Infra acquiring 54 lakh shares As per the data on the BSE, or the Bombay Stock Exchange, the director of an infra acquired 54 lakh shares. The director, Berjis Minoo Desai, had acquired 54,00,000 lakh shares of Man Infraconstruction on the 1st of August 2025. The value of 54 lakh securities acquired by Berjis Minoo Desa stood at ₹ 837000000.00. While pre-acquisition, Berjis Minoo Desai held 297,775 shares of Man Infraconstruction; post-acquisition, of 54 lakh shares of Man Infraconstruction, Berjis Minoo Desai now holds 55,697,775, or 56.98 lakh shares of Man Infraconstruction. The acquisition of shares by the director, Berjis Minoo Desai of Man Infraconstruction, as per the information on the BSE, was through the conversion of securities.
&w=3840&q=100)
First Post
4 days ago
- First Post
Sensex & Nifty fall as Trump hits India with 25% tariff, South Korea leads Asian markets' decline
As Asian markets declined in response to US President Donald Trump's tariffs, India's Sensex and Nifty 50 opened in the red today, witnessing a fall of over 260 points and 80 points within minutes of the opening of trade. South Korean shares declined as much as 2.9% as Asian markets fell. read more A man walks past a screen at the Bombay Stock Exchange (BSE) ahead of Trump's tariff plans, in Mumbai. (Photo: Reuters) In response to US President Donald Trump's 25 per cent tariff on India, Sensex and Nifty 50 opened in the red on Friday. Within minutes of the opening of the trade, Sensex fell by more than 260 points and Nifty 50 fell by over 80 points. Twelve of the sixteen major sectors declined at the open while the broader smallcaps and midcaps traded flat, as per Reuters. The response of Indian markets was in line with Asian markets that declined in response to Trump's tariffs, with South Korean leading the decline. STORY CONTINUES BELOW THIS AD South Korean shares fell by 3.2 per cent after Trump's tariff rollout. In early reactions, Japan's Nikkei dropped 0.4 per cent and Chinese blue chips stocks were flat and Hong Kong's Hang Seng index eked out a small gain of 0.2 per cent. These declines were rather most even though much of the trading day is still to pass. The modest decline is a result of markets' belief that negotiations are still on and deals can still be struck for lower tariffs, according to Tony Sycamore, analyst at IG. 'At this point, the reaction in markets has been modest, and I think part of the reason for that is the recent trade deals with the EU, Japan, and South Korea have certainly helped to cushion the impact. The market now, I think, has probably taken the view that these trade tariff levels can be renegotiated, can be walked lower over the course of time,' said Sycamore.
Time of India
4 days ago
- Time of India
Foreign outflows, weak macro signals to keep investors on edge
Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday. Indian stock markets closed lower on Thursday. This happened after a day of fluctuating gains and losses. Investors were concerned about US President Donald Trump's new tariffs on Indian exports. The Nifty and Sensex both experienced declines. Market volatility increased, indicating caution among traders. Experts suggest that rallies may face resistance due to various economic factors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Indian benchmark indices ended lower on Thursday after swinging between gains and losses as investors weighed the impact of US President Donald Trump's unexpected announcement imposing 25% tariffs on Indian exports to the US from August Nifty fell 86.7 points, or 0.35%, to close at 24,768.35. BSE's Sensex declined 296.28 points, or 0.36%, to end at 81,185.58. Both indices had declined nearly 1% in early hours of trading. The Nifty 50 was up 0.4% intraday, before ending the day lower."Despite the movement, there is no sign of panic among traders, as further escalation appears unlikely," said Amit Khurana, head of equities at Dolat Capital Volatility Index or VIX - popularly known as the fear gauge of the market - gained 3% to end at 11.54 levels, indicating heightened caution among rebound is likely to face hurdles in the absence of limited positive triggers, said Sriram Velayudhan, senior vice president, IIFL Capital Services "Rallies in the short term may face resistance around the 25,100-25,200 levels," he said. " Investor sentiment will remain cautious owing to headwinds like weak earnings, depreciating rupee, uncertainty around trade agreement and foreign outflows."The broad market indices also fell, with Nifty Midcap 150 dropping 0.8% and Nifty Small-cap 250 declining 0.9%. Out of the total 4,153 stocks traded on the Bombay Stock Exchange, 1,525 advanced and 2,502 declined on Thursday.
