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Nalco zooms on plans to set up two large aluminium smelters in India and abroad

22 Aug 2011 Evaluate

Nalco is currently trading at Rs. 61.70, up by 1.80 points or 3.01% from its previous closing of Rs. 59.90 on the BSE.

The scrip opened at Rs. 60.50 and has touched a high and low of Rs. 62.20 and Rs. 59.90 respectively. So far 35927 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 120.38 on 14-Mar-2011 and a 52 week low of Rs. 57.15 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 66.40 and Rs. 57.15 respectively. The current market cap of the company is Rs. 15437.66 crore.

The promoters holding in the company stood at 87.15% while Institutions and Non-Institutions held 9.59% and 3.27% respectively.

In a bid to set up two large aluminium smelters in India and abroad, National Aluminium Company (Nalco), one of India's leading producers and exporters of alumina and aluminium, is planning to spend Rs 57,903 crore by 2020.

The State-owned aluminium producer will invest Rs 16,500 crore in Indonesia for setting up a 5 million tonne (MT) smelter, with 1,250 MW power plant while, other smelter of the same size would be built in Western Orissa in two phases, with 1,260 MW power plant at an estimated investment of Rs 16,345 crore.

In addition, the company has plans to construct a new alumina refinery of 1.4 MT in Andhra Pradesh and 1,000-MW power project as independent power producer with an investment of Rs 10,600 crore.

Nalco has Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations. The company’s net profit for the quarter ended June 30, 2011 surged by 32.67% at Rs 376.84 crore as compared to Rs 284.05 crore for the corresponding quarter last year. Its total income increased by 35.15% at Rs 1889.10 crore for the quarter under review from Rs 1397.81 crore for the same quarter last year.

National Aluminium Share Price

422.85 -3.80 (-0.89%)
21-Apr-2026 16:59 View Price Chart
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