Nalco Gets $8 Million in US Settlement, Shares Jump 8%

Shares in National Aluminium Company Limited or Nalco rose as much as 8 per cent on Thursday, after the company said it has received over $8 million from a US company towards settlement of a case in a US court. "National Aluminium Company...has received $8.05 million towards an out of court settlement from a US Firm in connection with a case pending in the US Court," Bhubaneswar-based PSU aluminium giant Nalco said in a regulatory f...