Nalco rises on inking MoU with GoI setting higher targets

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

26 May 2017 Evaluate

National Aluminium Company (Nalco) is currently trading at Rs. 67.80, up by 1.20 points or 1.80% from its previous closing of Rs. 66.60 on the BSE.

The scrip opened at Rs. 67.45 and has touched a high and low of Rs. 67.85 and Rs. 67.20 respectively. So far 28,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 79.85 on 07-Mar-2017 and a 52 week low of Rs. 40.70 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 68.10 and Rs. 64.50 respectively. The current market cap of the company is Rs. 13,124.00 crore.

The promoters holding in the company stood at 74.58%, while Institutions and Non-Institutions held 17.16% and 8.27% respectively.

Nalco has signed an MoU with the Ministry of Mines, Government of India (GoI) for setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18. The MoU was formulated as per the new Department of Public Enterprise 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 has been fixed at Rs 8,100 crore (net of excise) which is Rs 700 crore more than previous year. The MoU has also set 100% targets for production of both bauxite and alumina i.e. 6.825 million tonnes and 2.1 million tonnes, respectively. Aluminium production target is set at 4.4 lakh tonnes as compared to the previous fiscal.

The company has a CAPEX target of Rs 1,158 crore against Rs 873 crore achieved in 2016-17. The expenses are to be incurred in several new and ongoing projects like the 1 million tonne refinery, Utkal-D&E coal blocks, solar and wind power projects, modernization and upgradation of Plant & equipments.

National Aluminium Share Price

399.45 -33.75 (-7.79%)

30-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
National Aluminium	399.45
Maan Aluminium	150.75
Arfin India	94.39
Manaksia Aluminium	37.12
PG Foils	209.50
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