Nalco down 6% in trade ahead of offer for sale

Last Updated: Thursday, March 14, 2013, 11:33

Shares of state-run Nalco Thursday tumbled nearly six percent in early trade, ahead of its share sale programme where the government will sell up to 10 percent stake in the aluminium major.

Nalco stake sale on Friday; Govt to raise around Rs 1,400 crore

Last Updated: Wednesday, March 13, 2013, 18:42

The Finance Ministry on Wednesday said the government's 12.5 percent stake sale offer in Nalco will hit the markets on March 15, which could mop up around Rs 1,400 crore to the exchequer.

EGoM on Nalco stake sale tomorrow; SAIL next week

Last Updated: Tuesday, March 12, 2013, 17:52

Keen to achieve the scaled down disinvestment target of Rs 24,000 crore, the government is working to sell part of its stake in Nalco and SAIL in the next fortnight.

EGoM to decide on Nalco stake sale price today

Last Updated: Monday, March 11, 2013, 09:47

An inter-ministerial panel is likely to decide on Monday the floor price for 12.5 percent stake sale in Nalco, which can fetch around Rs 1,400 crore to the exchequer at current rates.

EGoM to decide on Nalco stake sale floor price Monday

Last Updated: Sunday, March 10, 2013, 12:33

An inter-ministerial panel is likely to decide on Monday the floor price for 12.5 percent stake sale in Nalco, which can fetch around Rs 1,400 crore to the exchequer at current rates.

SAIL divestment on Mar 20, Nalco share sale next week

Last Updated: Thursday, March 7, 2013, 18:08

The government's 12.15 percent stake sale in Nalco is likely next week and 10.82 percent disinvestment in SAIL may take place on March 20, sources said.

Disinvestment in NALCO, MMTC, SAIL, RCF in 2012-13: Patel

Last Updated: Tuesday, February 26, 2013, 21:56

The government on Tuesday said it is likely to offload its stake in four PSUs -- NALCO, MMTC, Rashtriya Chemicals and Fertilisers (RCF) and SAIL -- in the 2012-13 fiscal.

SAIL, NALCO, MMTC stake sale in current fiscal: FinMin

Last Updated: Friday, February 22, 2013, 16:42

In a written reply to a query in the Lok Sabha, Minister of State for Finance S S Palanimanickam said the government will sell 12.15 percent stake in Nalco, 9.33 percent in MMTC, 12.50 percent in Rashtriya Chemical and Fertiliser (RCF) and 10.82 percent in SAIL.

Nalco power plant gets energy management certification

Last Updated: Thursday, February 21, 2013, 15:07

The Captive Power Plant of Navratna PSU National Aluminium Company Limited (NALCO) is the first CPSE Unit to be certified under Energy Management System.

NALCO hikes aluminium prices by Rs 5,000 per tonne

Last Updated: Sunday, February 17, 2013, 19:10

State-owned National Aluminium Co. Ltd. (NALCO) has increased prices of all its products by Rs.5,000 per tonne, a senior company official said Sunday.

Nalco to hit market after budget; to raise Rs 1,400 cr

Last Updated: Monday, February 11, 2013, 19:01

The Department of Disinvestment (DoD) would start roadshows in Singapore, Hong Kong, Japan, US and UK on February 19 for disinvestment of the state-run aluminium company. The roadshows would conclude on February 25, sources said.

CoalMin directs Nalco to furnish Rs 18 cr bank guarantee

Last Updated: Friday, February 1, 2013, 21:07

Coal Ministry has directed Nalco to furnish a bank guarantee of about Rs 18 crore for not developing its coal mine in Orissa and a failure to deposit the sum within 3 months may result in the block being taken back.