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Nalco advances on buzz to reduce cost of aluminium production

11 Aug 2016 Evaluate

Nalco is currently trading at Rs. 47.90, up by 0.30 points or 0.63% from its previous closing of Rs. 47.60 on the BSE.

The scrip opened at Rs. 47.70 and has touched a high and low of Rs. 48.05 and Rs. 47.40 respectively. So far 30,229 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. 50.60 and Rs. 47.40 respectively. The current market cap of the company is Rs. 12,344.97 crore.

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

National Aluminium Company (Nalco) is reportedly aiming to reduce cost of aluminium production by around 9%. In this regard, the company will bring new energy efficient technology and ramp up metal output through brown field expansion.

The strategy centers two things. First, the company is planning to add a new pot line near its current smelter plant location at Angul based on the latest technology and second, going for modernisation of the existing pot line at the smelter. For the new pot line, it has identified to use AP-Xe technology which would reduce the consumption of electricity, a key input for aluminium making, by 700 kwh.

Similarly, in the existing smelter, it has decided to overhaul the pot line by changing over to AP2x technology which is expected to bring down the energy consumption by 600 kwh.


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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