Latest news with #NationalAluminiumCompanyLimited
Hans India
3 days ago
- Business
- Hans India
NALCO holds meet on Smart Mining
Bhubaneswar: National Aluminium Company Limited (NALCO) organised a conference on Smart Mining & Manufacturing in Bhubaneswar on Friday on the theme 'Smart Aluminium: Driving Operational Excellence through Industry 4.0.' The event brought together key stakeholders from industry, academia and technology sectors to explore how digital innovation is reshaping manufacturing and industrial operations. Inaugurating the conference, NALCO CMD Brijendra Pratap Singh emphasised the importance of embracing Industry 4.0 technologies to boost efficiency and competitiveness. Singh highlighted the role of progressive government policies, such as support for start-ups and 'Make in India' initiative, in fostering self-reliance. He said India, as the fourth-largest economy, is witnessing strong investment and infrastructure growth, driving rapid expansion in the core and manufacturing sectors. In his welcome address, Jagdish Arora, Director (P&T), described Industry 4.0 as a revolution driven by advancements in automation, AI and IoT that enables transformative value creation across manufacturing and industrial operations. Vedanta Aluminium Limited CEO Rajiv Kumar graced the occasion as the distinguished guest while Sarajit Jha, Chief – Business Transformation & Digital Solutions, Tata Steel, joined the session virtually as a keynote speaker. Pankaj Kumar Sharma, Director (Production), and Tapas Kumar Pattanayak, Director (HR), NALCO, also shared their insights. Industry leaders from SAIL, Tata Steel, Vedanta, Deloitte India, EY-Parthenon and McKinsey & Company participated as distinguished speakers at the conference, contributing to discussions on emerging trends and strategies in the Industry 4.0 landscape. The conference provided a collaborative platform to exchange ideas, showcase emerging technologies and discuss strategies for accelerating Industry 4.0 adoption, featuring tech sessions and panel discussions on AI and data analytics. Technocrats, researchers, policy makers and delegates from the metal sector and allied industries shared technological know-how.
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Business Standard
22-05-2025
- Business
- Business Standard
Here's why Nalco share price was buzzing in trade on May 22; details
Nalco shares surged after the company reported its highest-ever net profit and revenue from operations since inception in FY25. SI Reporter New Delhi Nalco share price: National Aluminium Company Limited (Nalco) shares were in demand on Thursday, May 22, 2025, with the scrip rising up to 5.50 per cent to hit an intraday high of ₹191.65 apiece. However, at 10:03 AM, Nalco shares were off highs, and were trading 1.60 per cent higher at ₹184.55 per share. In comparison, BSE Sensex was trading 0.76 per cent lower at 80,973.03 level. Why did Nalco share price rise? Nalco shares surged after the company reported its highest-ever net profit and revenue from operations since inception in FY25. Nalco posted a record net profit of ₹5,325 crore, marking a 158 per cent increase year-on-year (Y-o-Y). The company also reported its highest-ever revenue from operations, reaching ₹16,788 crore for the fiscal year. For the fourth quarter ended March 2025, the company registered a net profit of ₹2,078 crore, a major rise from ₹1,016 crore in the same quarter last year — an increase of 105 per cent. Quarterly revenue also witnessed robust growth, climbing to ₹5,268 crore from ₹3,579 crore a year ago. The strong performance was fueled by strong aluminium and alumina prices, streamlined operations, and enhanced operational efficiency. Nalco also benefitted from sustained momentum in its expansion projects and healthy margins across business segments. Operationally, the company achieved its highest-ever bauxite excavation at 76.48 lakh tonnes and recorded all-time high domestic metal sales of 4.55 lakh tonnes. CMD Brijendra Pratap Singh noted that the company's growth gained momentum in the latter half of the fiscal year. 'This is clearly reflected in our robust financial performance and strong revenue growth. Enhancing efficiency, optimising costs, and the unwavering commitment of our employees have played a key role in maintaining competitiveness in a dynamic market,' he said. Singh further stressed upon Nalco's strategic focus on process improvements and a performance-driven culture, which has helped build a motivated and efficient workforce. These efforts have enabled the company to sustain growth even amid market volatility. Looking ahead, NALCO remains committed to long-term, sustainable growth through several strategic initiatives. These include the 5th Stream expansion of the Alumina Refinery, the operationalization of the Pottangi Bauxite Mines, and the expansion of the existing Smelter Plant and Captive Power Plant. These projects are expected to strengthen the company's foundation and reinforce its position in the global aluminium sector. About Nalco Nalco is a premier public sector enterprise under the Ministry of Mines, Government of India, with a 51.28 per cent government stake. Established on January 7, 1981, and headquartered in Bhubaneswar, Odisha, Nalco is renowned for its fully integrated operations spanning bauxite mining, alumina refining, aluminium smelting, and power generation. As a Navratna company since April 28, 2008, Nalco has emerged as a key player in India's aluminium industry, contributing significantly to the country's self-reliance in this critical sector. The company operates major facilities including the Panchpatmali Bauxite Mines and Alumina Refinery in Koraput district, and an Aluminium Smelter and Captive Power Plant in Angul, Odisha.
Business Upturn
24-04-2025
- Business
- Business Upturn
NALCO CMD Brijendra Pratap Singh given additional charge as Director (Finance) from May 1
National Aluminium Company Limited (NALCO) has announced that its Chairman-cum-Managing Director (CMD), Shri Brijendra Pratap Singh, will take over additional charge of the post of Director (Finance) with effect from May 1, 2025. The appointment follows the superannuation of Shri Ramesh Chandra Joshi, the current Director (Finance), who is set to retire on April 30, 2025. The Ministry of Mines communicated the development via Office Order No. 2/3/2024-Met.I dated April 24, 2025. Singh will hold the additional responsibility until the appointment of a new Director (Finance) or until further orders, whichever is earlier. Advertisement The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move comes at a crucial time as NALCO continues its strategic expansion plans and financial restructuring. The additional leadership continuity aims to ensure smooth operational and financial governance within the PSU. Disclaimer: This information is based on official stock exchange disclosures and is for informational purposes only. It should not be construed as investment advice. Please consult a financial advisor before making any investment decisions.
