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Nalco v/s Alcoa

(Mar 17, 2009)

When we think of size in the aluminium industry, the first name that would come to our mind would be the international aluminium major, Alcoa. However, if one considers some of the lowest cost producers of alumina in the world, Nalco cannot be missed out.

NALCO: A peep into past IV

(Aug 12, 2008)

In the last article, we saw the performance of balance sheet of Nalco between the period 1999 and 2003. Now let us track the performance of the same between the period 2003 and 2007.

NALCO: A peep into past III

(Aug 7, 2008)

In the last two articles on Nalco, we tracked the movement in the company's P&L statements in two periods viz. 1999 to 2003 and 2003 to 2007. Now let us have a look at the standalone balance sheet of the company and how has it changed between the period 1999 and 2003.

Hindalco: A peep into past-IV

(Aug 5, 2008)

In the last article, we saw the performance of balance sheet of Hindalco between the period 1999 and 2002. Now let us track the performance of the same between the period 2003 and 2007.

Nalco: A peep into past-II

(Jul 17, 2008)

In last article, we have discussed the performance of the company between the period 1999 and 2003. Now let us see the performance of the company between the period 2003 and 2007. This was the period during which Nalco increased it presence in the domestic market.

NALCO: A peep into the past - I

(Jul 15, 2008)

In last two articles , we have seen the performance of Hindalco during the two periods i.e 1999 to 2003 and 2003 to 2007. Now in next two articles, let us see the performance of its peer, Nalco, which is the largest alumina and second largest aluminium producer in India.

Nalco: A brief overview...

(Apr 11, 2007)

Nalco is the largest alumina and second largest aluminium producer in India. The company is Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.

Nalco: The ride continues…

(Oct 28, 2004)

National Aluminum Corporation (Nalco), the largest alumina producer and second largest producer of primary aluminum in the country, has continued its impressive performance. For the quarter ended September 2004 (2QFY05), the company has declared a topline growth of 21%, while its bottomline has registered an equally handsome growth of 47%. The company continues to benefit from the sustained strength in the aluminium cycle.

Nalco: Riding the cycle

(Oct 10, 2003)

National Aluminum Corporation (Nalco), the largest alumina producer and second largest producer of primary aluminum in the country, has posted impressive results for the second quarter ended September 2003. The company is a strong player in the aluminium business with fully integrated operations from mining to smelting aided by captive power. Consequently, it is amongst the lowest cost aluminium producers in the world.

Nalco: Realisation gains

(Aug 5, 2003)

National Aluminum Corporation Ltd. (Nalco), the largest alumina producer and second largest producer of primary aluminum in the country, announced its 1QFY04 results recently. The company, being an integrated player, is one of the lowest cost producers of the metal in the world. On the June quarter results front, the company posted a 19% bottomline growth on the back of a 3% topline growth. The operating margins also showed an improvement by 200 basis points.

Nalco: Metal shines

(Apr 30, 2003)

Public sector aluminium major, National Aluminium Company Ltd. (Nalco), announced its numbers for the quarter and year ended March '03. Given the lackluster global aluminium demand and weaker prices, the concluded fiscal was a tough year for aluminium manufacturers. However, Nalco has been able to effectively combat the global slowdown, which is evident from the results declared by the company.

Nalco: Expansion brings buffer

(Nov 7, 2002)

At first glance, second quarter result of National Aluminium Company Ltd. (Nalco) is likely to have surprised the markets. Hindalco and Indal registered topline growth of 2% and 10% respectively in the concerned period. Over the past four years, Nalco has been implementing an expansion project to increase capacity by 50%. Turnover for September '02 quarter is likely to have received a boost with third stream of alumina refinery expansion being commissioned at start of 2002.

Nalco: Loses sheen

(Apr 30, 2002)

Public sector aluminium major, National Aluminium Company Ltd. (Nalco), has reported provisional numbers for the quarter and year ended March '02. With the downturn in global demand and weaker prices the concluded fiscal was a tough year for commodity manufacturers. The 9/11 incidents also hit the global aluminium sector, as airline manufacturing business came to a stand still.

Nalco: Suffering continues

(Feb 12, 2002)

Nalco continued its first half performance into the third quarter of the current fiscal with sales declining marginally. This, however, is a much improved performance, as compared to the second quarter during which the company reported an 18% slide in sales.

Nalco: Linked to the cycle

(Dec 1, 2001)

Like its peers, the National Aluminium Company Ltd. (Nalco) scrip has engineered a smart comeback on the bourses. Much of this performance seems to be driven by the up-tick in international aluminium prices accompanied by a general shift in favour of equities. The BSE Sensex has climbed 26.7% since September 24 lows while Nalco has run up by 18.8%.

Aluminium: Keep the faith

(Dec 1, 2001)

Aluminium is the most abundant metal found in the earth's crust. But its entry into mainstream was only in the nineteenth century due to the absence of any process to commercially extract the base metal. Bauxite -- the natural state -- is the most commonly mined aluminium ore due to its high alumina content, which on smelting is converted into primary metal.

Nalco: Not first amongst equals

(Nov 13, 2001)

National Aluminium Company Ltd. (Nalco) is amongst the worst affected non-ferrous metal players with the downturn in business conditions and prevailing weakness in commodity prices. Hindalco and Indal, the key competitors, reported a marginal growth in sales for 2QFY02.

Nalco trips in 4Q

(Apr 27, 2001)

National Aluminium Company Ltd (Nalco) is the only Government company remaining in the aluminium sector. In the case of the Government sticking to its disinvestment programme this company too could be on the blocks by the end of 2001. Although FY01 results are impressive the company seems to have suffered a hiccup in 4QFY01.

Nalco's remarkable performance

(Feb 1, 2001)

Aluminium PSU, Nalco has recorded a 22% growth in bottomline during the third quarter of the current fiscal year. The company has benefited largely from the growth in realisations, higher value addition in output and cost savings.

Nalco: OPM jumps over 600 bp

(Nov 2, 2000)

National Aluminium has posted a 68% rise in net profits for the quarter ended 30th September 2000. The company has benefited from better operating margins and a rise in other income.


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