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Nalco advances on plan to buy back 25% of its shares from government

03 May 2016 Evaluate

Nalco is currently trading at Rs. 47.65, up by 1.30 points or 2.80% from its previous closing of Rs. 46.35 on the BSE.

The scrip opened at Rs. 46.75 and has touched a high and low of Rs. 48.10 and Rs. 46.75 respectively. So far 2,38,000 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. 48.10 and Rs. 45.25 respectively. The current market cap of the company is Rs. 12,280.00 crore.

The promoters holding in the company stood at 80.93% while Institutions and Non-Institutions held 12.15% and 6.92% respectively.

State-run aluminium maker National Aluminium Company (Nalco) is planning to buy back 25 percent of its shares from the government. The company has agreed to buy back its shares and the board will meet in next 15 days to decide about the pricing.

The government is looking to raise around Rs 3,250 crore by selling 25 percent of its shares to Nalco. The government was hoping to sell 10 percent stake in Nalco to raise about Rs 1,300 crore but volatile markets have derailed its plans.

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.


National Aluminium Share Price

437.00 -2.05 (-0.47%)
24-Apr-2026 16:59 View Price Chart
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