US tariff will have no impact on NALCO, company eyeing UK market: CMD
Bhubaneswar, the US’s latest tariff increase will have no impact on the work of the national aluminum company Limited on Tuesday, the zero mission of the United Kingdom focused on trade, he said.
Brijendra Pratap Singh, Director of Nalco, who addressed a press conference here, said that the company’s independent net profit increased by 77 percent LaIn the first quarter of the current fiscal year, 1,064 CRORE La601 Crore was recorded in the first quarter of last year.
Income from operations LaThe authority added 3,807 CRORE in the first quarter of the 25-26 fiscal year.
“Britain has a strong market for electric vehicles and solar panel production, and both is largely based on Aluminum. This offers an important opportunity for us to expand our presence in the country.”
“The US tariff hike in no way does not affect Nalco’s work. On the contrary, we are investigating opportunities with zero duty in the UK.” He said.
In the first quarter of the 2025-26 fiscal year, Nalco said that he recorded the highest domestic Alumina and Aluminum sales supported by a solid growth in both domestic and export markets.
Authority, the company in the Odisha’s Koraput region Potigen Bauxite mines plans to start the operations by the next June, he added.
“Geographical tendency for Pottigen Bauxite mines will be given until September or October this year and the mines are expected to operate until the next June.”
The mining block spread over 697,979 hectares has an annual production capacity of 3.5 million tons of production and the reserves are estimated to be 111 million tons.
Nalco predicts that he will invest LaASUTOSH RATH, the top manager of the company, is Crore for the operation of 1,961 items.
Nalco is currently running Panchpatmali Bauxite mines annually to feed the 2.1 mtpa alumina refinery in Damanjodi and the owner of 0.46 mtpa aluminum with a capacity of 7.5 million tons per year in Angul.
Singh, India’s aluminum consumption will reach by 7.5-8 mtpa by 2030 Nalco, Nalco, increasing demand in meeting and strengthening the leadership of the global aluminum industry to play a very important role to play an expansion plan, he said.
Cmd also LaThe company, which is expected to take place until 2030, is the 34,600 Crore expansion plan.
“The company from this proposed investment, LaIn Damanjodi in the Koraput Region, 5,600 Crore in the expansion of the fifth river refinery of 1 MTPA capacity La17,000 Crore in the expansion of the aluminum izabe facility in Angul region LaAuthorized is 12,000 Crore in a 1080 MW captive power plant contraction.
Singh said that DPR will be prepared in the third quarter of the FY-26 for expansion projects and that the board of directors will be placed for the approval of the Board of Directors.
Currently, Central PSU has a 2.1 MTPA refiner in Damanjodi in the Koraput Region, a 0.46 mtpa aluminum izabe in Angul and a 1200 MW captive power plant in Angul.
This article was created from an automatic news agency feeding without changing the text.
