NALCO rises on inking MoU with IMIDRO to set-up an aluminium smelter in Iran

National Aluminium Company Ltd. | Aluminium & Aluminium Products | Metals & Mining | BSE: 532234 | NSE: NATIONALUM

24 May 2016 Evaluate

NALCO is currently trading at Rs. 42.55, up by 1.00 points or 2.41% from its previous closing of Rs. 41.55 on the BSE.

The scrip opened at Rs. 42.50 and has touched a high and low of Rs. 42.75 and Rs. 42.40 respectively. So far 9,908 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 49.60 on 02-Jun-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. 43.65 and Rs. 40.25 respectively. The current market cap of the company is Rs. 10,940.38 crore.

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

National Aluminium Company (NALCO) has inked a MoU with Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) to jointly explore the possibility of setting up an aluminium smelter in Iran, with supply of alumina from NALCO’s refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing aluminium from alumina supplied by the company. The MoU proposes to look into other business collaborations as well.

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

401.80 -2.25 (-0.56%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
National Aluminium	401.80
Maan Aluminium	148.20
Arfin India	96.20
Manaksia Aluminium	36.81
PG Foils	210.00
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