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Thursday, May 20, 2010

NALCO bags EEPC Export Award

Aluminium major NALCO has bagged EEPC (Engineering Export Promotion Council, Eastern Region) Gold Trophy, as Top Exporter in the Large Enterprise Category for outstanding export performance during 2007-08.

During 2007-08, the Navaratna PSU had achieved sales turnover of Rs 5474 crore, including the export earning of Rs 2235 crore. The net profit was Rs 1632 crore during the fiscal.

NALCO enjoys Premier Trading House status, and it is the first Indian aluminium company to be registered with London Metal Exchange, for its high quality products.

On behalf of the company, S Saha, Regional Manager (Eastern Region) received the award from S K Roongta, CMD SAIL, in the presence of Zhang Tiejian, vice-consul general of China, at a function held in Kolkata recently, company sources said here today.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 25
19:30 New Home Sales Change (MoM) 2 -13.7% 9.6% Revised from 10.9%
19:30 New Home Sales (MoM) 1 0.623M 0.690M 0.722M Revised from 0.743M
19:30 Fed's Chair Powell testifies 3
20:00 EIA Crude Oil Stocks Change 1 -5.836M -0.600M -11.473M
22:30 5-Year Note Auction 1 3.879% 4.071%
Thursday, Jun 26
14:00 BoE's Breeden speech 2
15:15 BoE's Greene speech 2
16:30 BoE's Governor Bailey speech 3
18:00 Chicago Fed National Activity Index 1 -0.25
18:00 Initial Jobless Claims 2 245K 245K
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