Steel, aluminium players want action against Chinese dumping

Last Updated: Sunday, May 31, 2015, 12:52

Many domestic players like Tata Steel, JSW Steel and Hindalco have seen their profits come under pressure in the March quarter. The worrying part for them is the risk of a spike in low-cost imports, as Chinese firms push their excess production to global markets.

Hindalco Q4 profit falls 36% to Rs 160 crore

Last Updated: Thursday, May 28, 2015, 17:42

The Aditya Birla Group flagship had posted net profit of Rs 248 crore in the January-March period of the previous fiscal, 2013-14, it said in a BSE filing.

Nalco achieves highest turnover in 2014-15

Last Updated: Friday, April 3, 2015, 13:03

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.

Sesa Sterlite shares up 3% as Balco bags 2 coal mines

Last Updated: Monday, February 23, 2015, 13:59

Shares of Sesa Sterlite went up by almost 3 percent after the company's subsidiary Bharat Aluminium Company (Balco) bagged one more coal block and total two mines in the first tranche of auction.

Balco bags one more mine in Chhattisgarh

Last Updated: Saturday, February 21, 2015, 16:53

Bharat Aluminium Company (Balco) bagged one more coal block on the eighth day of the auction, taking the total number of mines sold so far through the ongoing auction to 18 that will generate an estimated over Rs 1 lakh crore for respective states.

Nalco Oct-Dec quarter net profit up 171% at Rs 354 cr

Last Updated: Tuesday, February 10, 2015, 21:08

Its net profit in the corresponding quarter of the last fiscal was Rs 131.03 crore, Nalco said in a BSE filing.

Nalco to add 100 MW wind power capacity at a cost of Rs 700 crore

Last Updated: Sunday, January 18, 2015, 16:46

State-owned aluminium maker Nalco has devised a plan to double its wind power generation capacity to 200 MW with an investment of Rs 700 crore, a top company official said.

BALCO gets nod for 1,200 MW power plant in Chhattisgarh

Last Updated: Friday, January 16, 2015, 17:52

BALCO is a subsidiary of Vedanta group's Sesa Sterlite.

India rejects Vedanta's bauxite mine request

Last Updated: Saturday, January 11, 2014, 15:46

Vedanta Aluminium`s 1 million tonne-a-year alumina refinery in the eastern state has been struggling to source key raw material bauxite since its commissioning in August 2007.

Govt likely to divest remaining Balco shares via auction route

Last Updated: Wednesday, January 8, 2014, 21:49

The government is likely to sell its remaining stake in aluminium major Balco through auction route following Law Ministry's opinion that "there appears no constitutional or legal issue involved" in selling shares of the company via offer for sale (OFS) method.

NALCO bags "excellent" MoU score

Last Updated: Friday, December 27, 2013, 16:31

With reference to the MoU signed with Union Ministry of Mines, Navratna PSU National Aluminium Company Ltd (NALCO) has been awarded Excellent MoU score of 1.5 by the Department of Public Enterprises for its outstanding performance in 2012-13, according to the company.