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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (4716)	6/24/1999 1:32:00 PM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Nalco: Entering the high margin market.(Analyst recommendation-BUY) nalcoindia.com NALCO Asia's largest integrated Aluminium complex- India's largest producer & exporter of Alumina & Aluminium ---------------------------------------------------------------------- On 7th January 1981, in technical collaboration with Aluminium Pechiney of France and nearly 50% of the project cost of Rs 24080 million funded by consortium of international banks, NALCO was born. It set up Asia's largest integrated aluminium complex. ==================================================== Nalco: Entering the high margin market The National Aluminium Company (Nalco) is to take over International Aluminium Products Limited (IAPL), a joint venture company formed by Nalco (26% stake) and Mukand Steel. Nalco will be buying out the stakes of Mukand Steel as well as the other investors, amounting to 74% of ownership, for a consideration of approximately Rs 900 m. Nalco (FY99 Sales Rs 15.05 bn) is India's most efficient aluminium producer. The company is the lowest cost producer of alumina and one of the lowest cost producers of metal in the world. The decision to take complete control of the company will help Nalco make a foray into the high margin downstream sector of the aluminium industry. The project being set up by IAPL is expected to produce 50,000 MT of sheet in its first full year of operations. The project is expected to go on stream by March 2000. Market View: Analysts have rated the stock as a 'BUY' on account of the upward movement in the LME aluminium prices and the equity restructuring of the company. 24 June, 1999 (Courtesy:Equitymaster)