National Aluminium Company
National Aluminium Company Limited (NALCO). It is Asia’s largest, and the world’s sixth largest, integrated aluminium complex. Operations encompass bauxite mining, alumina refining, smelting and casting. NALCO is a public sector company. Today the government promoters hold 65.36% shares and the rest is held by financial institutions, the general public and others.
This company research report, 2016 edition is prepared considering over five years financial statements up to 31st March 2016.
National Aluminium Company Limited (NALCO) was incorporated as a public sector enterprise of the Ministry of Mines, Government of India in 1981. It has units mainly in Odisha. It is Asia’s largest, and the world’s sixth largest, integrated aluminium complex. Operations encompass bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
The main units of NALCO are situated at Damanjodi (Mines & Refinery complex) and Nalconagar, Angul (Smelter & Power Plant Complex). The Bauxite mines called “Panchpatmalli Mines” is situated atop a set of five mountains called Panchpatmalli. These mines are open cast mines. The refinery complex for producing bauxite is located in Damanjodi. The smelter unit of NALCO is located in Nalconagar, Angul. The company’s headquarters are located in Bhubaneswar, Odisha.
NALCO is implementing its expansion plans. The ongoing second phase of expansion is set to make it the sixth largest producer of the metal in the world.