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Nalco gains on plan to invest Rs 20,550 crore for expansion of alumina refinery at Damanjodi

16 Feb 2016 Evaluate

Nalco is currently trading at Rs. 32.50, up by 0.35 points or 1.09% from its previous closing of Rs. 32.15 on the BSE.

The scrip opened at Rs. 32.15 and has touched a high and low of Rs. 32.85 and Rs. 32.15 respectively. So far 31,314 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 50.90 on 12-May-2015 and a 52 week low of Rs. 28.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 34.60 and Rs. 29.75 respectively. The current market cap of the company is Rs. 8,376.00 crore.

The promoters holding in the company stood at 80.93% while Institutions and Non-Institutions held 12.45% and 6.62% respectively.

National Aluminium Company (Nalco) is planning to invest Rs 20,550 crore for expansion of its alumina refinery at Damanjodi and setting up an aluminium park at Angul.

Given the tough going in the market, Odisha-based Navratna PSE has developed a new corporate plan with a new business model that will withstand market onslaughts and keep the company afloat with profitability even in the slump cycle.

Nalco has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.


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