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National Aluminium Company reply to clarification sought by the exchange

17 Feb 2016 Evaluate

The Exchange had sought clarification from the National Aluminium Company with respect to news article appearing in DNA on February 15, 2016 titled ‘Nalco to invest Rs 20,550 crore for expansion of alumina refinery’. National Aluminium Company replied stating that, as a part of Make in India, Govt. of Odisha had organized an Investment Meet, Odisha Invest in Mumbai on 14-02-2016, which was attended by Chief Minister of Odisha along with other Govt. officials and Captains from the industries. Govt. of Odisha sought investment announcement from different industries, which was non-binding in nature and was indicating the intentions only. Information regarding proposed expansion of Alumina Refinery and Aluminium Park in Odisha are already in the public domains which were also reported in the Annual Report 2014-15. The Company had also informed the Stock Exchanges about the allocation of Utkal - D & E coal blocks vide its letter dated 15-09-2015, both of which are in the State of Odisha. The projects are likely to be completed only in next 6-7 years subject to necessary approvals from the various Govt. authorities.

The above information is a part of company’s filings submitted to BSE.

National Aluminium Share Price

438.70 5.95 (1.37%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 438.70
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