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History of National Aluminium Comp. Ltd.

1980

- A Memorandum of Understanding was signed in January, by the Government of India for technical collaboration & financing of an integrated alumina-aluminium complex with Aluminium Pechiney of France.

- NALCO presently has its units of captive power plants [each of 120 MW capacitys]. To meet the increased demand for power, a 6th plant of 120 MW was undertaken.

1981

- The Comp. was Incorporated on 7th January, as a wholly owned enterprise of Government of India. The Comp. Manufacture aluminium hydrate, calcined alumina, aluminium ingots & aluminium wire rods.

1993

- NALCO signed a project co-operation agreement with Hydro Aluminium AG, Norway to carry out a joint study for feasibility of setting up a 100% export oriented aluminium plant of 0.9 million tonnes per annum capacity.

- 1,28,86,19,200 No. of shares allotted.

1994

- The Comp. proposed to undertake expansion of bauxite mine from 2.4 million t.p.a. to 4.8 million t.p.a. & alumina refinery from 8,00,000 t.p.a. to 13,50,000 t.p.a. This was subject to necessary clearances.

- It was proposed to undertake expansion of aluminium smelter capacity from 2,30,000 t.p.a. & that of captive power plant from 6 x 120 MW to 8 x 120 MW. To augment the smelting capacity, debottlenecking of smelter by addition of balancing equipment was under implementation. The debottlenecking programme was to enhance the smelter capacity of 2,30,000 tpa.

- The Comp. in collaboration with various government agencies was setting up facilities for extraction of gallium metal with an annual capacity of 950 kg. at Damanjodi unit.

1995

- A Smelter plant at Angul was undertaken with a capacity of 26000 TPY of strip casting facility.

- A special Alumina plant at Damanjodi was undertaken with a capacity of 20,000 TPY.

- A 10,000 TPY detergent grade Zeolite [Zeolite-As] plant at Damanjodi, was undertaken.

- A 1000 Kg. per annum 5 N purity Gallium plant at Damanjodi based on indigenous technology was undertaken.

- The Comp. is planning to set up a 100% Export Oriented Unit for aluminium rolled products based on its own liquid metal in equity participation with International Aluminium Products limited [IAPLs]. It was proposed to set up a 100% EOU for aluminium rolled products based on liquid metal supply from NALCO.

- As at 31st March 350,00,900 equity shares were disinvested.

1996

- The proposal to expand the capacities of bauxite mine at Panchpatmali from 24 lakh tonnes to 48 lakh tonnes & alumina refinery at Damanjodi from 8 lakh tonnes to 15.75 lakh tonnes was approved by Government on 18.12.1996.

- The Company proposed to expand its smelting capacity to 3.45 lakh tonnes & power generation from 720 MW to 840 MW was cleared by PIB. However, CCEA approval was awaited.

- The Comp. also explored the possibility of diversification in terms of few other value added products such as special grade, alumina, Zeolite, aluminium cast wheel etc.

- The stock yard at Jagadhri in Haryana was closed down following insufficient sales while a new stockyard was opened in Bhiwandi near Mumbai. Also, a market development cell was set up to explore and define marketing strategies for speciality products like Zeolite, gallium, special aluminas etc.

1997

- Subject to necessary approvals being obtained the Comp. proposed to convert 50% of its existing equity capital into debt.

- The public sector aluminium giant, National Aluminium Comp. [NALCOs] set up in technical collaboration with Pachiney, France is the largest integrated aluminium Comp. in Asia.

- National Aluminium Comp. Ltd [Nalcos], country largest aluminium company, has opened a stockyard at Bhiwandi in Thane district.

- National Aluminium Comp. [Nalcos], India largest producer and exporter, got the ISO 14001 certification for environmental excellence.

- The National Aluminium Company, Bhubaneswar, signed an agreement of national importance with the NRDC for licensing from the NRDC the knowhow to manufacture gallium from the sodium alumina plant.

- National Aluminium Comp. [NALCOs] has signed a pact with National Research Development Corporation [NRDCs] for manufacturing gallium with indigenous technology.

- The public sector National Aluminium Comp. [Nalcos] has entered into an agreement with National Securities Depository Ltd, [NSDLs] for admitting its shares in the depository system & for dematerialising the shares.

- The Union Cabinet is set to clear a joint venture aluminium company with Nalco limited & Mukand limited as partners.

- The National Aluminium Comp. Limited [Nalcos], staved off a major disaster in its smelter plant at Anugul, when the workers called off a three-day cat-call strike in protest against what they called `barbaric' attack on them by Central Industrial Security Force [CISFs] jawans.

1998

- The Comp. has been forced to curtail its power generation capacity due to a drastic reduction in intake by Gridco - the nodal power transmission & distribution agency in Orissa.

- National Aluminium Company, the country leading manufacturer, exporter of alumina & aluminium, has bagged the top export award of Chemical & Allied Products Export Promotion Council [Capexils] for 1997-98. This is the 11th time in succession that Nalco has won this award.

1999

- The Investment Information & Credit Rating Agency [Icras] has assigned a LAAA rating to the National Aluminium Comp. Ltd [Nalcos] Rs 644-crore [Rs 100 crore = Rs 1 billions] non-convertible debenture [NCDs] issue. The rating indicates highest safety.

- The National Aluminium Comp. Ltd [NALCOs] a Government of India undertaking is setting up a plant for extraction of gallium at its aluminium refinery complex at Damanjodi.

- The National Aluminium Comp. [Nalcos] will take over International Aluminium Products [IAPLs], a joint venture Comp. set up with Mukand Steel, by buying out stakes of all other investors including Mukand Steel.

- The Comp. established new records in bauxite mining, alumina production & exports, metal production witnessed a downtrend due to the pot failures at Anugul.

2000

- Icra has retained the Laaa rating for Rs 642.58-crore non-convertible debenture issue of company, while it has assigned an A1 rating to the Rs 5-crore CP issue of Narmada Chematur Petrochemicals.

- The Comp. will commission the plant of its recently-acquired Indian Aluminium Products limited by March 2001 & produce value-added aluminium products like sheets & rolls.

- The Officers went on an indefinite hunger strike from November 17.

- Crisil reaffirmed the highest safety rating of `AAA' to the Rs 644-crore NCD programme of National Aluminium Comp. Ltd.

2001

- A public sector aluminium Comp. making a foray into detergent business sounds out of place. But if senior officials of National Aluminium Comp. [Nalcos] are to be believed, the country second largest aluminium Comp. will be doing that at its zeolite plant scheduled to start operations in July end.

2002

-S Behuria appointed as part time official Director of Nalco.

-Nalco alumina refinery capacity increased to 15.75 lakh tonne

-Department of Comp. Affairs [DCAs] approves the merger of International Aluminium Products Ltd [IAPLs] with National Aluminium Comp. Ltd [Nalcos]

- Mr C.V. Venkataramana appointed as Chairman-cum-Managing Director of National Aluminum Comp. Ltd

-Cabinet panel approves Nalco disinvestment roadmap

-Hindalco acquires 4% stake in Nalco

-Govt decides to postpone Nalco divestment

-LN Mittal group quits Nalco disinvestment race

-Chinese metals group, Yankuang withdraws from Nalco disinvestment process

-Govt. calls off due diligence process for Nalco

-Govt restarts due diligence process at Nalco

2003

-Commissions one unit of Captive Power Plant with a capacity of 120 MW & 120 pots of Smelter with a capacity to produce 57,500 MT of Aluminium per year

-Nalco members okay delisting of securities from stock exchanges of Bhubaneshwar,Delhi, Calcutta and Madras

-National Aluminium Comp. [Nalcos] awarded the Niryat Shree award for two straight years, 2000-01 & 2001-02. The award has been awarded by Federation of Indian Export Organisation [FIEOs] for excellence in exports

-Vyas Ji appointed as Director on the Board of NALCO

2004

-National Aluminium Comp. Limited [NALCOs] has informed that Madras Stock Exchange Limited vide its letter dated December 22, 2003 have withdrawn the admission granted to dealings on their exchange for securities of NALCO i.e both equity shares & 14.5% Non-convertible Redeemable Secured Debentures & the quotation for said securities have been removed from the Daily Official List of Exchange w.e.f December 22, 2003, in terms of SEBI [Delisting of Securitiess] Guidelines 2003.

-Nalco open offer to acquire 20% stake for Ondeo Nalco India

-The trading in 14.5% Non-covertiable redeemable secured debentures [Series-N2s] shall be suspended w.e.f. Febrauary 13, 2004 on Acc. of part redemption:

-Nalco gets PIB nod for phase II expansion programme

-National Aluminium Comp. Ltd has informed that the Delhi Stock Exchange vide their letter dated February 10, 2004 have approved the delisting of securities of Comp. from their exchange wef February 11, 2004.

-National Aluminium Comp. Ltd [NALCOs] has informed that Shri Pyarimohan Mohapatra has resigned from the Board of Nalco on June 09, 2004 & hence ceases to be a Director of NALCO with effect from June 09, 2004

-Mr G Upadhyaya takes charge as CMD of Nalco

2005

-Nalco inks agreement with NMDC.

2007

- National Aluminium Comp. Ltd [NALCOs] has informed about the following:

1. Shri Joy Varghese has been appointed as Director [Personnel and Administrations] of Comp. w.e.f. October 01, 2007 vide Order dated September 25, 2007 read with Order of even number dated September 27, 2007 of Ministry of Mines, Government of India.

2. Further, Dr. A Sahay, Shri S S Sohoni & Shri K S Raju have been appointed as Part-time Non-official Directors of Comp. vide Order dated September 27, 2007 of Ministry of Mines, Government of India.

2008

-National Aluminium Comp. Ltd [NALCOs] has appointed Shri. S Vijay Kumar appointed as Part-time Official Director of Comp. with immediate effect vide Order dated January 23, 2008 of Ministry of Mines, Government of India.