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Primary Aluminium
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Primary Aluminium

The Aluminium Smelter at Angul, Orissa, India has a rated capacity of 4,60,000 tonnes Per annum. We presently export Aluminium in the form of Ingots, T-Ingots, Sows, Billets etc. The primary aluminium (Ingots, T-Ingots and Sows) exported by us are London Metal Exchange (LME) registered and conforms to P1020A LME Specifications.

1. Procedure – Primary Aluminium

All our exports of Primary Aluminium metal are generally on CIF basis. Shipments are presently being effected from the ports of Visakhapatnam , Paradip and Kolkata ( Calcutta ) in the East Coast of India.

Presently, we are exporting LME Registered Primary Aluminium in the form of Standard Ingots, T-Ingots and Sows. All the above products conform to P1020A LME Specifications. Aluminium Alloy Billets of different grades are also exported. However, we may export other products also depending on production/market scenario.

We normally float tenders for export of our metal. The tenders are issued only to Customers registered with us.

One-to-One business is also done sometimes depending on the availability and market scenario. Such business is done only with Customers who are registered with us provided they have performed a contract with us through the tendering process or if the registered Customer is a manufacturer.

All exports are based on our contracts with overseas Customers directly and letters of credit opened by them in our favor. The supplies are against irrevocable Letter of Credit (L/c), payable at sight, in US Dollars, at the counters of State Bank of India , Commercial Branch, Bhubaneswar , India . The L/c must be opened in a FIRST CLASS INTERNATIONAL BANK acceptable to NALCO and conforming to Uniform Customs and Practice for Documentary Credits, 1993 revision, Publication no. 500 of ICC. The L/c must allow TT Reimbursement within 2 Working days.

2. Registration – Primary Aluminium

We normally float tenders for export of our primary aluminium metal and invite bids, only from Customers registered with us. Only overseas Customers having sound financial and business credentials and experience in International Trading are invited to be registered with us. Overseas offices of Govt. of India undertakings are also eligible for Registration. The annual turnover of the prospective customers seeking Enlistment should not be less than USD 6.0 million or equivalent.

However Bangladesh and Nepal based customers, interested to import through road customs via Petrapole-Benapole and Raxaul Birgunj respectively by truck , the annual turnover should not be less than USD 0.5 Million or equivalent.

A. Eligibility Criteria – Aluminium Metal

  • Only overseas Buyers intending to import the Aluminium Metal to a foreign destination outside the territory of India and having experience in international trading shall be eligible for registration with NALCO.
  • Overseas offices of Govt. of India undertakings (including Central/State) are also eligible to apply for registration. (Not applicable in your case)
  • The average annual turnover of buyers should not be less than USD 6.00 million or equivalent currency in the last two years, but in none of the years the turnover should be Zero.
  • The Net worth of the buyer / company should be positive in the preceding financial year.

Newly Formed Subsidiary

  • If the subsidiary seeking registration is newly formed and the turnover /financial statement is not available separately or available only for one year, the group holding company’s annual average turnover of last two years may be considered which should not be less than USD 6.00 million or in equivalent currency, but in none of the years the turnover should be Zero.
  • The Net worth of the group holding company should be positive in the preceding financial year.
  • Further, the group holding company will be required to give undertaking, guaranteeing performance of subsidiary and the undertaking has to be given by the Board of Holding Company or any of its officials delegated by the Board. The Group Holding Company should have majority stake in the subsidiary seeking registration.
  • In case of a group holding company with multiple subsidiaries:
    Only one subsidiary company can be registered for one product – Alumina or Aluminium Metal – or both. More than one subsidiary under a Group cannot be registered for same product.
  • In case of a group holding company with a single subsidiary, it can be registered with NALCO for Alumina or Aluminium Metal or both.

B. Documents to be furnished for Registration

  • Name, Address, Telephone, E-mail, official website address and registered office address of the company along with names of contact persons and their contact nos., their capacities/designation should be furnished.
  • Details of Owners / Proprietor / Board members / Directors / Chairman / CEO / shareholders should also be furnished along with passport copies.
  • Shareholding patterns and history is to be provided including Organization Chart showing persons and their area of operation along with responsibilities.
  • Any change in the board structure declared during the time of registration shall be informed to NALCO along with the Board resolution and any other document felt relevant.
  • After registration, any change to above submitted details and the Board Structure, shall be informed to NALCO. NALCO shall have the right to re-evaluate the entity as per its registration policy and ask the buyer/customer to submit required documents as deemed fit. If the customer does not comply to above, their registration shall be kept in abeyance and no tenders shall be floated to them, till submission of required documents.
  • All the documents submitted by the customer/buyer shall be in English only.
  • Brochures / documents describing past and present business activities of the company.

Newly Formed Subsidiary

  • For a Company, the authorized signatory should preferably be Company Owner, Chairman, Managing Director, Directors.
  • For a Proprietorship firm, it should be the Proprietor.
  • For a Partnership firm, it should be the Managing Partner.
  • In case the Company appoints any person other than above, authorization letter to be issued to him/her either by the Chairman or by the Managing Director or by any other Directors, deriving powers conferred as per the Company’s Board Resolution or by Proprietor in case of a Proprietorship firm or by Managing Partner in case of a Partnership firm.
  • Documents furnished for registration must be necessarily authenticated (i.e. signed and sealed) by the designated Authorized Signatory.
  • In case of any change in the authorised signatory, the same shall be immediately brought to the notice of NALCO and the same process shall be followed as done in case of Original Signatory.
  • In case the overseas buyer has a representative in India, details of the Indian representative like name, address, mobile no., tel no., e-mail ID, etc along with due authorization should be provided to NALCO. An Indian representative for one buyer shall not be allowed to represent another buyer for the same category of product.
  • In case of any change in the representative, the same shall be immediately brought to the notice of NALCO and the same process shall be followed as done in case of Original representative.
  • Published latest Annual Report relating to last two years to be submitted.
  • In case any customer does not publish their annual report, the same should be declared by the customer and audited financial statements (FS) to be submitted.
  • The audited financial statement must be signed and authenticated by a practicing Chartered Accountant or an equivalent professional from the buyer’s country. It should include the name and membership number of Chartered Accountants/ equivalent professionals. Additionally, the contact number of the auditing firm and the firm’s website address are to be submitted if available.
  • Banker’s certificate regarding account number of buyer and SWIFT code of Bank should be provided on bank’s letter head.
  • The name of bank through whom the Buyer intends to open Letter of Credit (LC) / make advance payment should be furnished on buyer letter head.
  • In case the buyers bank does not have correspondence relationship with Advising & Negotiating bank of NALCO, then the same must be established before confirmation of Registrations.
  • Memorandum of Association / Articles of Association / Constitution or any equivalent document including certified copy of Registration Certificate / Certificate of Incorporation of the company (in case of Companies & LLPs) / Registration certificate & Registered Partnership Deed (in case of Partnership firms) issued by Statutory Authority duly apostilled as per the Hague Apostille Convention, 1961,where applicable, or Notarized by legal counsel or authenticated by the authorities of the Indian Embassy/Consulate situated in the country where the registered office of the buyer/customer is located.
  • All the documents submitted by the customer/buyer shall be in English only.
  • Buyer shall submit a declaration that none of their Board Members hold any Directorial positions in any of the Companies registered with NALCO.
  • Copy of B/L and invoice evidencing experience handling export shipments shall be furnished.
  • The same should be certified by authorized signatory.
  • Any other information / document which the Buyer or NALCO may feel relevant for registration may be furnished.
  • An undertaking by the authorized signatory indicating that the information and documents submitted for registration are true and correct.

All the above documents a Request Letter should be couriered in original to the following address:

The Executive Director (Marketing)
National Aluminium Co. Ltd
Nalco Bhawan, P/1, Nayapalli
Bhubaneswar-751013, Odisha, India