National Aluminium

July 8 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO - NALCO SIGNS JOINT VENTURE AGREEMENT WITH NLC INDIA FOR 1,080 MW THERMAL POWER PLANT

Source text: ID:nBSE2H0627

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April 30 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NATIONAL ALUMINIUM CO Q4 CONSOL PROFIT 17.22 BILLION RUPEES

• NATIONAL ALUMINIUM CO Q4 CONSOL REVENUE FROM OPERATIONS 50.13 BILLION RUPEES

• NALCO- INTERIM DIVIDEND 2 RUPEES PER SHARE

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By Neha Arora

NEW DELHI, April 21 (Reuters) - A leading industry group representing small and mid-sized firms that recycle metals, plastics, e-waste, rubber and glass has sought intervention from the Prime Minister's Office (PMO) to remove an import tax on aluminium scrap, citing rising costs and strong demand, according to a letter reviewed by Reuters.

India, a major global buyer of aluminium scrap, imposes a 2.5% tariff on the product and relies heavily on supplies from the European Union, the U.S. and the Middle East.

The EU's planned export curbs and disruptions from the U.S.-Israeli war on Iran have tightened supplies, industry officials said.

Aluminium scrap is used mainly by the auto sector as well as in construction, foils and cables.

"MSMEs (Micro, Small and Medium Enterprises) depend on high-quality imported scrap to meet technical specifications, but the 2.5% basic customs duty raises input costs and strains working capital, limiting access to reliable recycled material," the Material Recycling Association of India (MRAI) said in a March 26 letter to the PMO.

The PMO and the MRAI did not respond to Reuters requests for comment.

Scrapping of import tariff would reduce costs and improve competitiveness, the letter said.

The secondary sector that relies on scrap contributes nearly 40% of India's total aluminium supply of around 2.2 million metric tons per year and it meets 85% of its scrap needs through imports, the letter said.

In a report released last year, the mines ministry said India's high dependence on imported scrap could be attributed to the low availability of domestic scrap.

The ministry also said high scrap imports posed a problem for primary producers of aluminium given a surge in shipments in recent years.

However, the MRAI said in its letter that removing the import tariff would promote downstream manufacturing without adversely impacting primary producers.

India's leading primary aluminium producers include Vedanta VDAN.NS, Hindalco Industries HALC.NS and state-owned National Aluminium NALU.NS.

Besides being a resource for domestic producers, scrap has a vital role in the sector's decarbonisation efforts, since recycling aluminium uses 95% less energy than producing metal from mined bauxite.

"With aluminium consumption expected to reach 8.5-9.0 million metric tons by FY30 and recycled content mandates coming in, imports are likely to remain crucial unless domestic scrap collection and urban mining improve significantly," commodities consultancy BigMint said.

(Reporting by Neha Arora; Editing by Thomas Derpinghaus)

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April 2 (Reuters) - National Aluminium Co Ltd NALU.NS:

• FY26 TOTAL ALUMINA SALE AT 1.4 MILLION TONNE

• FY26 BREAKS ALL PREVIOUS RECORDS IN BOTH PRODUCTION AND SALES FOR CO

Source text: ID:nBSE1n0g2j

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Feb 25 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO LAUNCHES IA91 GRADE ALUMINIUM ALLOY INGOT

Source text: ID:nBSE4kSBMz

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By Neha Arora

NEW DELHI, Feb 12 (Reuters) - Security risks are prompting India to pull out of a lithium project in Mali backed by Russia's state nuclear corporation Rosatom, sources said, as New Delhi seeks to safeguard its investments in the politically unstable West African nation.

Western nations, from Britain and France to the United States, have urged citizens to leave the landlocked nation as security concerns rise in its battle with al Qaeda-linked militants targeting economic assets and foreign investment.

Last year Rosatom approached India's government-backed Khanij Bidesh India Ltd (KABIL) and NLC India Ltd NLCI.NS for lithium exploration in Mali, an emerging producer of the metal critical in making batteries for electric vehicles.

"The project is on hold because we cannot be spending on something where there is a chance we will lose our investment," one of the sources said.

Both sources, who were directly involved in the decision-making, sought anonymity because the discussions were confidential.

India's mining ministry, KABIL and NLC India did not respond to Reuters requests for comment. Rosatom declined to comment.

Russia has been cultivating ties with a string of African countries, through efforts including military cooperation, and has strengthened relations with Mali and Burkina Faso.

The world's fastest-growing major economy, India has sought a steady supply of lithium in anticipation of rising demand for the metal, key to cutting carbon emissions from the world's third-largest emitter.

New Delhi is targeting 30% electric car penetration and 80% for two-wheelers by 2030, up from 4% and 6% now.

India has recently stepped up efforts for deals to access critical minerals in resource-rich countries such as Argentina, Australia and Chile.

In 2024, KABIL signed an exploration and development pact with a state-owned firm in Argentina to explore and mine five lithium blocks, but has not signed any similar deals since.

(Reporting by Neha Arora; additional reporting by Anastasia Lyrchikova in Moscow; Editing by Mayank Bhardwaj and Clarence Fernandez)

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Jan 30 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO - DEC-QUARTER CONSOL PROFIT 15.95 BILLION RUPEES

• NALCO - DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 47.31 BILLION RUPEES

• NALCO - DELARES DIVIDEND OF 4.5 RUPEES PER SHARE

Source text: [ID:]

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Jan 28 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NO NEGOTIATIONS FOR SETTING UP 200-300 MW GREEN POWER CAPACITY

• IN PROCESS OF APPOINTING CONSULTANT FOR RENEWABLE ENERGY TRANSITION

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NEW DELHI, Aug 28 (Reuters) - India's National Aluminium Company (NALCO) NALU.NS will invest a total of 300 billion rupees ($3.43 billion) in a new smelter and a coal power plant over the next five years, Chairman and Managing Director Brijendra Pratap Singh said on Thursday.

The state-run aluminium producer will budget roughly 180 billion rupees to set up the proposed smelter in the eastern state of Odisha, Singh told reporters in New Delhi.

The project will be funded by a mix of debt and internal accruals, he added.

The remaining 120 billion rupees will be used to set up a coal power plant, for which it is in talks with Coal India COAL.NS and NTPC NTPC.NS, Singh said.

($1 = 87.5060 Indian rupees)

(Reporting by Sethuraman N R, writing by Hritam Mukherjee, Editing by Anil D'Silva)

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Aug 7 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO DIVIDEND 2.5 RUPEESPER SHARE

• NALCO JUNE-QUARTER PROFIT 10.64 BILLION RUPEES

• NALCO JUNE-QUARTER REVENUE FROM OPERATIONS 38.07 BILLION RUPEES

Source text: [ID:]

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** India's metal stocks .NIFTYMET plunge 5.5% to hit a one-month low of 8,508.05; on course for the worst single-day percentage drop since June 2024

** Stocks fall amid decline in base metal prices due to fear that U.S. President Donald Trump's tariffs may hit global growth

** Hindalco HALC.NS, Tata Steel TISC.NS, Vedanta VDAN.NS, and National Aluminium Company NALU.NS slide 6%-7%, while JSW Steel JSTL.NS falls 4.3%

** "The second-order effect (of U.S. tariffs) will hurt India more. We are now assuming a severe U.S. recession and a significant short-term correction in global commodities. Metals will be hit the most," says Emkay Global Financial Services

** Metal index slips into losses YTD, down 1.6%, vs 3% drop in benchmark Nifty 50 .NSEI

(Reporting by Vivek Kumar M)

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By Neha Arora

NEW DELHI, March 28 (Reuters) - Four Indian state firms are in talks with Chilean miner SQM SQMA.SN to acquire a 20% stake in its two lithium projects in Australia for $600 million, four sources said, in New Delhi's biggest effort to secure supplies of the key EV battery metal.

Government-backed Khanij Bidesh India Ltd (KABIL) has partnered with Coal India COAL.NS, Oil India OILI.NS, and ONGC Videsh ONVI.NS to seek the 20% stake in SQM's Mount Holland and Andover lithium projects in Western Australia, the sources said.

The sources did not wish to be named as the deliberations were not public.

SQM is the world's second-largest lithium producer.

India, the world's fastest-growing major economy, has intensified efforts to secure a steady supply of lithium, anticipating a surge in demand for the EV battery metal, which is critical to reducing carbon emissions from the world's third-largest emitter.

"This is so far India's biggest attempt to secure lithium supplies overseas," one of the sources said. "The due diligence is on, and the companies have expressed their interest with an initial offer."

KABIL, along with the three state companies, is in the process of appointing a mergers and acquisitions adviser for the deal, the sources said.

SQM, KABIL, Coal India, Oil India, and ONGC Videsh did not respond to Reuters' requests for comment.

India's plans to acquire stakes in SQM's projects have not been reported previously.

New Delhi formed KABIL - a joint venture between the state-owned National Aluminium Company, Hindustan Copper, and Mineral Exploration and Consultancy - a few years ago to acquire, develop, and process strategic minerals overseas for use in India.

India has recently stepped up efforts to secure overseas agreements for accessing critical minerals in resource-rich nations like Argentina, Australia, and Chile.

New Delhi is also exploring an initial agreement with cobalt-rich Congo.

Last year, KABIL signed an exploration and development agreement with a state-owned firm in Argentina for the exploration and mining of five lithium blocks.

Amid growing energy needs, India is trying to encourage EV production to reduce its reliance on fossil fuels.

EV sales in India accounted for just 2.5% of the 4.3 million cars sold in 2024, but their 20% growth rate outpaced the overall car market's 5% growth. Analysts expect sales to double in 2025 from 100,000 units in the previous year, mainly due to new launches.

(Reporting by Neha Arora; additional reporting by Melanie Burton in Melbourne; editing by Mayank Bhardwaj and Sonali Paul)

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Feb 10 (Reuters) - National Aluminium Co Ltd NALU.NS:

• Q3 CONSOL PROFIT 15.66 BILLION RUPEES; IBES PROFIT EST. 13.92 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 46.62 BILLION RUPEES; IBES EST. 45.74 BILLION RUPEES

Source text: [ID:]

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Jan 8 (Reuters) - National Aluminium Co Ltd NALU.NS:

• BRIJENDRA PRATAP SINGH JOINS AS CHAIRMAN-CUM-MANAGING DIRECTOR

Source text: ID:nBSE2vqnnx

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Dec 24 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NATIONAL ALUMINIUM CO LTD - NALCO SIGNS MINING LEASE DEED FOR UTKAL-D AND UTKAL-E COAL BLOCK

• NATIONAL ALUMINIUM CO LTD - NALCO COAL PRODUCTION CAPACITY TO INCREASE TO 4.0 MTPA

Source text: ID:nNSEDlbgL

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Nov 13 (Reuters) - National Aluminium Co Ltd NALU.NS:

• SEPT-QUARTER CONSOL PROFIT 10.46 BILLION RUPEES

• SEPT-QUARTER REVENUE FROM OPERATIONS 40.01 BILLION RUPEES

Source text: [ID:]

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Nov 1 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO - SRIDHRA PATRA CEASES TO BE CHAIRMAN

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** Shares of National Aluminium Co NALU.NS rise 6.4% to 223.5 rupees

** Stock top pct gainer in Nifty metal index .NIFTYMET, which is flat

** Kotak Institutional Equities double upgrades NALU to "add" from "sell", hikes target price to 235 rupees from 160 rupees

** New TP is second highest among nine analysts tracking NALU

** NACL best placed to benefit from ongoing alumina supply tightness, given co's net long position and consequent tailwind in aluminium prices - Kotak

** Says ramp up in captive coal mines commissioning should keep costs on downtrend

** Mean rating of nine analysts is equivalent to "hold"; median price target is 185 rupees - LSEG data

** NALU up 69% YTD vs 28% rise in metal index .NIFTYMET

(Reporting by Bharath Rajeswaran in Bengaluru)

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Aug 28 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NALCO - MOU SIGNED BETWEEN KABIL AND OIL INDIA FOR COLLABORATION IN PROJECTS & EXPLORATION

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BENGALURU, Aug 12 (Reuters) - India's National Aluminium Company (NALCO) NALU.NS reported a 76% jump in first-quarter profit on Monday as the company benefitted from shrinking costs and higher prices for the metal.

The state-owned firm's consolidated profit jumped to 5.88 billion rupees (about $70 million) year-on-year for the three months ended June 30.

Global prices of base metals, including aluminium, rose sharply during the quarter due to supply concerns and rising demand, analysts said.

Higher commodity prices tend to raise the selling price of metals, which help boost miners' margins.

The company reported a 35% decline in the cost of thermal coal and bauxite - key raw materials for aluminium. Its expenses, as a result, fell 24%.

However, its revenue from operations fell 10% to 28.56 billion rupees, owing to a 27% drop in its chemicals business, its second-biggest segment.

While the company's mainstay aluminium business contributed to nearly 90% of overall revenue, it grew a mere 4% during the quarter.

Going forward, domestic aluminium demand growth is expected to remain steady due to strong demand from the electrical, building and construction sectors and a demand recovery in consumer durables, Sumit Jhunjhunwala, assistant vice president and sector head of corporate ratings at ICRA, said.

Rival firm Vedanta VDAN.NS beat first-quarter profit estimates on higher aluminium prices, while Hindalco HALC.NS is set to report quarterly results later this week.

($1 = 83.9554 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Sonia Cheema)

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June 13 (Reuters) - National Aluminium Co Ltd NALU.NS:

• EXECUTED A MINING LEASE DEED WITH STATE GOVERNMENT OF ODISHA

• MINING LEASE DEED OVER AN AREA OF 697.979 HECTARES FOR BAUXITE MINES IN POTTANGI TEHSIL, KORAPUT DISTRICT

• BAUXITE MINES HAVE ANNUAL PRODUCTION CAPACITY OF 3.5 MILLION TONNES AND RESERVES ESTIMATED AT 111 MILLION TONNES

• MINE IS EXPECTED TO BECOME OPERATIONAL SOON

Source text for Eikon: ID:nNSE2sCdf0

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BENGALURU, May 27 (Reuters) - India's National Aluminium Company (NALCO) NALU.NS reported fourth-quarter profit above estimates on Monday, helped by lower costs of key raw materials including thermal coal and bauxite.

Its consolidated profit before exceptional items and tax came in at 9.43 billion rupees (about $114 million) for the three months ended March 31, above analysts' average estimate of 6.38 billion rupees as per LSEG data.

NALCO incurred an exceptional cost of 4.27 billion rupees in the quarter, related to legal mining lease royalty payment to the government.

The state-owned firm's expenses were kept in check by lower prices of thermal coal and bauxite - key material for aluminium production, as it opted to source more domestic coal and bauxite in the quarter.

Its overall expenses fell to 27.20 billion rupees from 31.61 billion a year ago owing to a 22% decline in raw material costs.

Meanwhile, revenue from operations fell 2.5% to 35.79 billion rupees.

Lower costs were offset by a plunge in aluminium prices. The benchmark three-month aluminium on the London Metal Exchange CMAL3 averaged $2,241 a metric ton in January-March this year, down 8.2% from the same period in 2023.

Last week, rival Hindalco HALC.NS reported fourth-quarter profit above estimates on lower costs.

Shares of NALCO, a Nifty metal index constituent .NIFTYMET rose 16% in the quarter, compared with a 3.5% rise in the index.

($1 = 83.1020 Indian rupees)

(Reporting by Manvi Pant in Bengaluru
Editing by Tomasz Janowski)

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April 24 (Reuters) - National Aluminium Co Ltd NALU.NS:

• KABIL INKS MOU WITH CSIR-NGRI FOR ADVANCING GEOPHYSICAL INVESTIGATIONS IN CRITICAL, STRATEGIC MINERALS SECTOR

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April 10 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NATIONAL ALUMINIUM CO LTD - KABIL AND CSIR-IMMT SIGNS MOU FOR TECHNICAL & KNOWLEDGE COOPERATION FOR CRITICAL MINERALS

Source text for Eikon: ID:nBSE3smnmG

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April 2 (Reuters) - National Aluminium Co Ltd NALU.NS:

• NATIONAL ALUMINIUM CO LTD - METAL PRODUCTION OF 4,63,428 METRIC TONNES IN FY 23-24

• NATIONAL ALUMINIUM CO LTD - METAL SALE OF 4,70,108 METRIC TONNES IN FY 23-24

• NATIONAL ALUMINIUM CO LTD - BAUXITE EXCAVATION OF 76,00,230 METRIC TONNES IN FY 23-24

Source text for Eikon: ID:nNSE5Pwv6P

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By Neha Arora

NEW DELHI, March 28 (Reuters) - India will send two delegations next month to Chile to scout for lithium and copper resources, a government source said, as rapid economic expansion and New Delhi's efforts to speed up the energy transition stoke demand for critical minerals.

Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems in the push away from fossil fuels.

As part of India's drive to explore overseas for mineral assets, state firms National Aluminium Company, Hindustan Copper and unlisted Mineral Exploration and Consultancy have set up a company called Khanij Bidesh India (KABIL).

"KABIL has to send a delegation to Chile in April," said the source, who did not wish to be named as details of the plan have not been made public.

"We are interested in buying assets. We are trying to facilitate private and government-owned companies to acquire assets in other countries as well."

The government is separately sending a delegation to look for copper assets, the source said.

The federal Ministry of Mines and KABIL did not respond to Reuters emails for comments.

India, the world's third-biggest emitter of greenhouse gases behind China and the United States, has pledged to achieve a net-zero carbon emission target by 2070 and increase the share of renewables in its energy mix to 50% by 2030.

In January, KABIL signed a 2-billion-rupee ($24.01 million) lithium exploration pact for five blocks in Argentina. The deal, signed with an Argentinian state-run enterprise, gives KABIL exploration and development rights for commercial production.

KABIL, which is currently setting up an office in Argentina, is also in talks with another company in the Latin American country for lithium exploration, the source said.

At the same time, KABIL is talking to the Australian government to help appoint a consultant to restart due diligence that would pave the way for a lithium block acquisition in the country, the source said.

India is also looking at Africa for copper, cobalt and other critical minerals, V.L. Kantha Rao, the most senior official at the Ministry of Mines, said last week.

India is in the process of auctioning 38 critical and strategic minerals blocks, including lithium.

($1 = 83.30 rupees)

(Reporting by Neha Arora; editing by Mayank Bhardwaj and Sonali Paul)

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Feb 13 (Reuters) - National Aluminium Co Ltd NALU.NS:

• CORPORATE ACTION-BOARD APPROVES DIVIDEND

• INTERIM DIVIDEND OF 2 RUPEES PER SHARE

Source text for Eikon: ID:nBSE1n4mQ8

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BENGALURU, Jan 15 (Reuters) - India's state-owned firm Khanij Bidesh India Ltd (KABIL) signed a lithium exploration pact for five blocks in Argentina, the federal Ministry of Mines said on Monday.

(Reporting by Varun Vyas and Neha Arora)

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BENGALURU, Nov 9 (Reuters) - India's National Aluminium Company (NALCO)NALU.NS on Thursday reported an almost 50% rise in second-quarter profit as sustained government spending on infrastructure boosted demand for the metal produced by the state-run manufacturer.

Consolidated profit for the quarter ended Sept. 30 rose to 1.87 billion rupees ($22.45 million) from 1.25 billion rupees a year ago, the company said in an exchange filing.

India, the world's second biggest aluminium producer, has amped up infrastructure spending ahead of general elections next year, helping companies like NALCO and rival Hindalco Industries HALC.NS.

NALCO recorded a near-14% jump in pre-tax profit in mainstay aluminium segment, which accounted for around 80% of the total pre-tax profit.

The chemicals segment which makes chemicals like calcined alumina, used in refractory and ceramics industry also posted a 27.7% rise in pre-tax profit to 1.12 billion rupees.

Revenue from operations fell 12.8% to 30.43 billion rupees amid a 2% rise in raw material costs.

Hindalco will report September-quarter results on Friday.

($1 = 83.2800 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Nivedita Bhattacharjee)

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By Polina Devitt, Rajendra Jadhav and Siyi Liu

LONDON, Sept 14 (Reuters) - Russia has stepped up imports of the aluminium feedstock alumina from India in recent months to supply its vast Siberian plants, a move that diversifies the sanctions-hit country's supply, helps reduce dependence on China and cuts costs.

After invading Ukraine, the world's second biggest producer of aluminium lost two crucial sources of alumina, used to make aluminium metal, as a refinery in Ukraine suspended production and Australia banned supplies to Russia.

While Russia and China are on friendly terms, aluminium production in China is rising, leaving less price flexibility for Russia to buy alumina.

Russia's Rusal 0486.HK, the world's largest aluminium producer outside China, needs to fill the gap left by suspended supplies to sustain domestic production while aiming to protect its margins against a weaker aluminium price backdrop.

The company's own alumina assets in Russia, Ireland, Jamaica and Guinea supply 70% of its needs, or 5.5 million metric tons.

"After deliveries from Ukraine and Australia were lost, Rusal replaced it with increased alumina imports from China and other refineries in Asia, but it came at a considerable cost," Ami Shivkar at WoodMac said.

Russia became the largest buyer of alumina from China last year. Rusal's cost of purchasing alumina jumped by $1.1 billion to $1.8 billion in 2022 as it had to pay more for the raw material and for delivery.

Rusal has since diversified by securing alumina supplies from India and Kazakhstan.

"We can already say that the company's total alumina costs will decrease in 2023 compared to 2022," Rusal told Reuters.

Russia was the second largest buyer of Indian alumina in the first half of this year, Indian customs data show, with India exporting 189,379 metric tons to Russia. There were no exports in the same period of 2022.

"Russia encountered difficulties in securing alumina from developed nations and forced it to switch to India," an Indian industry official, who declined to be named, told Reuters.

India's state-run National Aluminium Co NALCO.NS is the primary supplier of alumina to Russia, the official said.

Nalco did not respond Reuters' request for comment.

Russia is expected to buy more than 350,000 tonnes of alumina from India in 2023, the official said. The estimate is broadly in line with Rusal's own calculations, it told Reuters.

China remains the largest third-party supplier of alumina to Russia with shipments of 485,160 tons in January-June, but it has less alumina to offer this year due to rising domestic aluminium production.

Aluminium of Kazakhstan, which produces 1.3 million tons of alumina a year, plans to reduce supplies to Russia by 5% in 2023 as it also needs more product for itself, its owner Eurasian Resources Group told Reuters.

The company did not say how much alumina it sends to Russia, however CRU consultancy estimates Kazakh deliveries to Russia at around 40,000-70,000 tons per month.

Rusal needs to buy about 2.5 million tons of alumina a year from outside its own system.

Its Aughinish refinery in Ireland which produces 1.6 million tonnes a year, sends only 40% of its production to Russia. The remainder goes to Europe.

Jamaica supplied 190,070 tons of alumina to Russia in the first half of 2023, the Jamaica Bauxite Institute told Reuters.

Russian alumina purchases have been too small to affect the global market, estimated at 60 million tonnes outside China and dominated by Australia.

However, the need to import alumina means Rusal will rely on the price and the supply-demand balance of the global alumina market for at least five years.

"Despite the fact that we were able to restructure our raw material supply chains in time, we still feel significant dependence on imported alumina," Rusal said.

"To mitigate the risks ..., we have decided to consider a project to build a plant in Russia."

Rusal said in June it would build a $4.8 billion plant to make alumina in a Russian Baltic Sea port. The first phase of production with annual capacity of up to 2.4 million tons will be commissioned by the end of 2028.

(Reporting by Polina Devitt in London, Rajendra Jadhav in Mumbai and Siyi Liu in Beijing; additional reporting by Mariya Gordeyeva in Almaty and Fransiska Nangoy in Jakarta;
Editing by Pratima Desai and David Evans)

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