NALCO surges on inking MoU for higher production, financial targets

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

19 Jul 2016 Evaluate

National Aluminium Company (NALCO) is currently trading at Rs. 47.45, up by 0.85 points or 1.82 % from its previous closing of Rs. 46.60 on the BSE.

The scrip opened at Rs. 47.90 and has touched a high and low of Rs. 47.90 and Rs. 47.10 respectively. So far 74368 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 51.40 on 13-Jul-2016 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. 51.40 and Rs. 44.35 respectively. The current market cap of the company is Rs. 12151.68 crore.

The promoters holding in the company stood at 80.93%, while Institutions and Non-Institutions held 12.02% and 7.05% respectively.

NALCO, the Navratna PSU, has signed a Memorandum of Understanding (MoU) with the Ministry of Mines, Government of India regarding financial and non-financial targets for the FY 2016-17. The MoU was formulated as per the new DPE guidelines and finalized after discussions with both Inter-Ministerial Committee as well as Ministry of Mines.

As per the MoU, the target for revenue from operations, excluding excise duty, has been fixed at Rs 7,100 crore. The MoU has also set higher targets for production of both alumina and aluminium as compared to the previous fiscal. Nalco has set an annual production target of 21.30 lakh tonnes (LT) of alumina and 3.85 LT of aluminium. The company had produced 19.53 LT of alumina and 3.72 LT of aluminium in 2015-16.

The company has also set a capex target of Rs 1,021 crore, which includes projects like development of Utkal D & E Coal Blocks, Wind Power Projects of 50 MW each in Maharashtra and Rajasthan, addition of 5th stream in the existing Alumina Refinery at Damanjodi, Koraput, a 20 MW Solar Power Project in Madhya Pradesh and other modernization activities.

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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