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NALCO spurts on receiving IICB’s approval for captive power plant

02 May 2012 Evaluate

National Aluminium Company (NALCO) is currently trading at Rs 61.15, up by 1.45 points or 2.43% from its previous closing of Rs 59.70 on the BSE.

The scrip opened at Rs 59.80 and has touched a high and low of Rs 63.80 and Rs 58.50 respectively. So far 346645 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 5 has touched a 52 week high of Rs 94.25 on 03-May-2011 and a 52 week low of Rs 48.00 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs 63.80 and Rs 57.55 respectively. The current market cap of the company is Rs 15179.93 crore.

The promoters holding in the company stood at 87.15% while Institutions and Non-Institutions held 9.13% and 3.73% respectively.

National Aluminium Company’s (NALCO) proposal to set up the Rs 16,500 crore aluminium smelter and captive power plant project has been approved by Indonesian Investment Coordination Board (IICB). A non-binding memorandum of understanding to set up the project in East Kalimantan Province has been signed with Government of East Kalimantan.

Besides, NALCO has prepared the detailed feasibility report for the project. The land has been identified in East Kalimantan Province for the project. Further, the company has short-listed consultants for Environment Impact Assessment and Financial Advisory Services.

NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992. Since its inception, the company has paid Rs 4171.25 crore as dividend including Rs 3637.16 crore to Government of India. In addition, the company had also repaid an amount of Rs 644.31 crore to its shareholders during 1999 by reducing the capital base by 50%.

National Aluminium Share Price

437.00 -2.05 (-0.47%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 437.00
Maan Aluminium 144.80
Arfin India 95.60
Manaksia Aluminium 32.15
PG Foils 208.65
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