Saturday, 22 Oct 211
According to Mr Pratik Prakashbapu Patil Union Minister of state for coal, he would enquire into the reasons behind low coal production in the Mahanadi Coalfields Ltd.
Mr Patil said he was informed about low production of coal in MCL mines due to heavy rains and other difficulties in the area.
He said that "Therefore, I have specially come to see why the supply of coal has come down, adding that he would ascertain whether it was rain or some other reason.”
Official sources said Patil would visit some of the MCL mines of Talcher tomorrow and hold discussion with different stake holders.
Earlier, NTPC, NALCO and many other captive power plants and independent power producers had lodged complaint against the MCL over inadequate supply of coal for their consumption. Even, NALCO had been importing coal to run its CPP in order to supply power to its smelter at Angul.
sourced from moneycontrol
Showing posts with label NALCO. Show all posts
Showing posts with label NALCO. Show all posts
Saturday, October 22, 2011
Friday, September 2, 2011
Centre accords prior approval to Utkal E coal block in favour of NALCO
Friday, 02 Sep 2011
BS reported that ministry of coal has granted its prior approval for mining lease of Utkal-E Coal Block at Angul, in favour of National Aluminium Company Limited a Navratna PSU. The block has an estimated reserve of 70 million tonnes of coal and covers an area of around 212 hectares.
The allocation was made to meet the coal requirement of new units of Nalco’s Captive Power Plant at Angul, which supplies power to the company’s aluminium smelter located nearby.
Mr BL Bagra CMD of Nalco said that “The two new units of 120 MW each, commissioned in 2009 and 2010 respectively, have been operating from coal procured by us through e-auction and imports.”
The linkage with Mahanadi Coalfields granted to Nalco was valid up to the scheduled commencement of production from Utkal-E Coal Block, which has been delayed in the process of securing environmental clearance and further delayed due to land acquisition.
Mr Bagra said that “For last one year, there is no linkage coal available to the company, which is fully dependant on expensive e-auction and imported coal for operating these two units.”
The mining lease deed shall be signed between the state government and Nalco soon. Mining will be carried out in the allocated area after obtaining permission from the forest department under the Forest Conservation Act and meeting other stipulations.
(Sourced from BS)
BS reported that ministry of coal has granted its prior approval for mining lease of Utkal-E Coal Block at Angul, in favour of National Aluminium Company Limited a Navratna PSU. The block has an estimated reserve of 70 million tonnes of coal and covers an area of around 212 hectares.
The allocation was made to meet the coal requirement of new units of Nalco’s Captive Power Plant at Angul, which supplies power to the company’s aluminium smelter located nearby.
Mr BL Bagra CMD of Nalco said that “The two new units of 120 MW each, commissioned in 2009 and 2010 respectively, have been operating from coal procured by us through e-auction and imports.”
The linkage with Mahanadi Coalfields granted to Nalco was valid up to the scheduled commencement of production from Utkal-E Coal Block, which has been delayed in the process of securing environmental clearance and further delayed due to land acquisition.
Mr Bagra said that “For last one year, there is no linkage coal available to the company, which is fully dependant on expensive e-auction and imported coal for operating these two units.”
The mining lease deed shall be signed between the state government and Nalco soon. Mining will be carried out in the allocated area after obtaining permission from the forest department under the Forest Conservation Act and meeting other stipulations.
(Sourced from BS)
Thursday, March 17, 2011
NALCO cuts India aluminium prices by 2,500 rupees/T-source
Thu Mar 17, 2011 5:07am GMT
BHUBANESWAR, India, March 17 (Reuters) - Indian metal producer National Aluminium Co Ltd (NALCO) has cut aluminium prices by 2,500 rupees ($55.2) per tonne in the domestic market, a senior company official said on Thursday.
"The revision was done to match with the falling LME (London Metal Exchange) prices," the official, who did not wish to be named due to company policy, told Reuters.
He said the basic price of standard aluminium ingots has been cut to 140,200 rupees a tonne and that of standard aluminium sow ingots to 140,150 rupees per tonne.
The new prices for all aluminium products, which were effective from Wednesday, will remain valid till March 31.
LME aluminium traded almost steady at $2,480 per tonne on Thrusday, after hitting a near 1-1/2 month low of $2,452 in the previous session, a level last seen on Jan. 28. ($1=45.3 Indian Rupees) (Reporting by Jatindra Dash; Editing by Ranjit Gangadharan,sourced:Thomson Reuters)
"The revision was done to match with the falling LME (London Metal Exchange) prices," the official, who did not wish to be named due to company policy, told Reuters.
He said the basic price of standard aluminium ingots has been cut to 140,200 rupees a tonne and that of standard aluminium sow ingots to 140,150 rupees per tonne.
The new prices for all aluminium products, which were effective from Wednesday, will remain valid till March 31.
LME aluminium traded almost steady at $2,480 per tonne on Thrusday, after hitting a near 1-1/2 month low of $2,452 in the previous session, a level last seen on Jan. 28. ($1=45.3 Indian Rupees) (Reporting by Jatindra Dash; Editing by Ranjit Gangadharan,sourced:Thomson Reuters)
Wednesday, March 16, 2011
NALCO sells aluminium at $109 premium - source
Mar15,2011, 10:45 AM
BHUBANESWAR, India (Reuters) - India's National Aluminium Co Ltd (NALCO) sold 3,000 tonnes of aluminium ingots at $109 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a company source said on Tuesday.
The buyer, Switzerland-based Alaska Metals will get the metal in one batch by April, the senior official with direct knowledge of the deal said, but cited company policy to stay unidentified.
NALCO, whose tenders serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to the same company at a premium of $106.51 per tonne over the average LME cash price on a delivered basis. (Reporting by Jatindra Dash; Editing by Harish Nambiar,sourced:Reuters)
The buyer, Switzerland-based Alaska Metals will get the metal in one batch by April, the senior official with direct knowledge of the deal said, but cited company policy to stay unidentified.
NALCO, whose tenders serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to the same company at a premium of $106.51 per tonne over the average LME cash price on a delivered basis. (Reporting by Jatindra Dash; Editing by Harish Nambiar,sourced:Reuters)
Thursday, March 10, 2011
NALCO issues 3,000 T aluminium export tender: Source
10 Mar, 2011, 12.44PM IST,REUTERS
BHUBANESWAR: India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 3,000 tonnes of aluminium ingots, a senior company official said on Thursday.
The last date for submission of bids is March 14, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.
The metal would be supplied to the buyer in one batch either this month or next, as per the buyer's choice, the source said.
NALCO , the tenders of which serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to Switzerland-based Alaska Metals , at a premium of $106.51 per tonne over the average LME cash price on a delivered basis.
BHUBANESWAR: India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 3,000 tonnes of aluminium ingots, a senior company official said on Thursday.
The last date for submission of bids is March 14, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.
The metal would be supplied to the buyer in one batch either this month or next, as per the buyer's choice, the source said.
NALCO , the tenders of which serve as a global benchmark, last sold 7,500 tonnes of aluminium ingots in February to Switzerland-based Alaska Metals , at a premium of $106.51 per tonne over the average LME cash price on a delivered basis.
Friday, March 4, 2011
NALCO issues 30,000T alumina export tender-source
Fri Mar 4, 2011 4:42am GMT
BHUBANESWAR, India, March 4 (Reuters) - Indian state-run National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) has issued a tender to export 30,000 tonnes of alumina for delivery this month, a company source said on Friday.
The last date for submission of bids is March 9, said the official, who has direct knowledge of the tender process but could not be named due to company policy.
NALCO, whose tenders serve as an international benchmark, last sold 30,000 tonnes of alumina in December to Hong Kong-based Noble Resources for $371.88 per tonne free-on-board. (Reporting by Jatindra Dash,sourced:Thomson Reuters)
BHUBANESWAR, India, March 4 (Reuters) - Indian state-run National Aluminium Co Ltd (NALCO) (NALU.BO: Quote) has issued a tender to export 30,000 tonnes of alumina for delivery this month, a company source said on Friday.
The last date for submission of bids is March 9, said the official, who has direct knowledge of the tender process but could not be named due to company policy.
NALCO, whose tenders serve as an international benchmark, last sold 30,000 tonnes of alumina in December to Hong Kong-based Noble Resources for $371.88 per tonne free-on-board. (Reporting by Jatindra Dash,sourced:Thomson Reuters)
Subscribe to:
Posts (Atom)
Posts
