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As Nalco's price advantage lessens, can new capacity help?

Mint Mumbai

|

February 25, 2025

National Aluminium Co. Ltd (Nalco) has benefited from soaring alumina prices in FY25, driving a 201% year-on-year surge in consolidated Ebitda for Q3FY25.

- Ashish Agrawal

The state-owned company achieved an average alumina realization of $641 per tonne. Plus, it also helped that alumina exports rose 11% and the use of captive coal increased. Note that Nalco's Ebitda was up 290% in Q2 and saw an average 47% growth in the previous four quarters.

MÁS HISTORIAS DE Mint Mumbai

Mint Mumbai

Mint Mumbai

Paras Defence eyes govt’s drone jammer buy

The Indian Army is set to procure sophisticated portable drone jamming technology, capable of taking down combat drones in a 3km radius, from Paras Defence and Space Technologies Ltd.

time to read

1 mins

September 23, 2025

Mint Mumbai

Mint Mumbai

Warning issued on fake air-bag parts that can explode and kill in a crash

Tworecent fatal accidents Tinvolving Chinese-made air bag parts are renewing warnings from regulators over counterfeit components that can explodeduringa crash.

time to read

3 mins

September 23, 2025

Mint Mumbai

Stay alert to turbulence on India’s external front

An H-1B visa barrier that squeezes talent supply to the US could join other forces to put our balance-of-payments at some extra risk. Capital controls may need to tighten temporarily

time to read

2 mins

September 23, 2025

Mint Mumbai

TruAlt, Matrix Geo IPOs this week

Biofuels producer TruAlt Bioenergy Ltd on Monday fixed a price band of ₹472 to ₹496 per share for its upcoming ₹839-crore initial public offering (IPO) which will open for subscription on 25 September and conclude on 29 September.

time to read

1 min

September 23, 2025

Mint Mumbai

Pfizer to buy Metsera for $4.9 bn

fizer Inc. agreed to buy the obesity startup Metsera Inc. for an enterprise value of about $4.9 billionasit secksto catch up ina booming market after terminating the development ofits own weight-loss pill for safety reasons

time to read

1 min

September 23, 2025

Mint Mumbai

Mint Mumbai

For therapists, Al is just first aid

As people turn to Al for mental health support, experts warn against overuse and suggest treating it as just a first step

time to read

4 mins

September 23, 2025

Mint Mumbai

Mint Mumbai

Biz gets GST push as govt engages public

Price cuts tempt buyers; PM, ministers take GST gains to people

time to read

5 mins

September 23, 2025

Mint Mumbai

Mint Mumbai

PhonePe’s revenue jumps, loss narrows

Digital payments company PhonePe reported revenue in excess of ₹7,000 crore and a reduction in losses for FY25, according to its filings with the ministry of corporate affairs (MCA).

time to read

1 min

September 23, 2025

Mint Mumbai

Mint Mumbai

Why IPO-bound Tata Cap plans to up used vehicle loans

As it prepares to go public next month, Tata Capital Ltd plans to reduce its reliance on financing new vehicles and increase the share of advances for used automobiles to mitigate the higher cost of bad loans it inherited from Tata Motors Finance Ltd.

time to read

2 mins

September 23, 2025

Mint Mumbai

Mint Mumbai

Startups, VCs rush to digitize India's mutual fund sellers

Startups are rushing to build technology for India's swelling army of mutual fund distributors (MFDs), a segment that is rising alongside the nation's roaring asset management industry.

time to read

2 mins

September 23, 2025

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