Is National Aluminium Company Ltd (NATIONALUM) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that National Aluminium Company Ltd is a good quality company .

Is National Aluminium Company Ltd (NATIONALUM) undervalued or overvalued?

The key valuation ratios of National Aluminium Company Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is National Aluminium Company Ltd (NATIONALUM) share price return in the past 10 years?

National Aluminium Company Ltd share price has appreciated 25.3% annually (CAGR) over the past ten years.

Is National Aluminium Company Ltd (NATIONALUM) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of National Aluminium Company Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of National Aluminium Company Ltd (NATIONALUM)?

Company share prices are keep on changing according to the market conditions. The current trading price of National Aluminium Company Ltd (NATIONALUM) on 04-May-2026 16:59:59 at 16:59 is 407.75.

What is the P/E ratio of National Aluminium Company?

The latest standalone P/E ratio of National Aluminium Company as of 04-May-2026 is 12.88.

What is the P/B ratio of National Aluminium Company Ltd (NATIONALUM)?

The latest standalone P/B ratio of National Aluminium Company Ltd (NATIONALUM) as of 04-May-2026 is 3.43.

What is the 52-week high and low of National Aluminium Company Ltd (NATIONALUM)?

The 52-week high of National Aluminium Company Ltd (NATIONALUM) is Rs. 445.10 and the 52-week low is Rs. 149.00.

National Aluminium Company Ltd (NATIONALUM) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: National Aluminium Company Ltd (NATIONALUM)
Brand: National Aluminium Company

Key Metrics

Market Cap

₹74,889 Cr.

P/E Ratio

12.88

Price to Book (P/B)

3.43

Price to Sales (P/S)

4.20

EV/EBITDA

7.72

Return on Capital Employed (ROCE)

43.89%

Current Price

₹407.8

Return on Equity (ROE)

32.65%

Return on Assets (ROA)

25.03%

Operating Profit Margin

45.1%

Net Profit Margin

31.72%

Gross Profit Margin

46.8%

Book Value per Share

₹119

Sales Growth (YoY)

27.67%

Sales Growth (3 Years)

5.7%

Operating Profit Growth (1 Year)

172.58%

Operating Profit Growth (3 Years)

18.48%

Net Profit Growth (1 Year)

158.49%

52-Week Low / High

₹149 / 445

Net Profit Growth (3 Years)

21.73%

Dividend Yield

5.98%

Promoter Holding

51.28%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of National Aluminium Company Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 25% based on the current price.

Q.1 Revenue growth of National Aluminium Company Ltd?

National Aluminium Company Ltd revenue growth is 27.7% for FY-2025, which is above its 5-year CAGR of 14.66%, indicating faster growth.

Q.1 Which industry/sub-sector does National Aluminium Company Ltd belong to?

National Aluminium Company Ltd belongs to the Metals & Mining sector, operating specifically within the Aluminium & Aluminium Products segment.

Q.1 Promoter shareholding and pledge status of National Aluminium Company Ltd?

Promoters hold 51.28% of the National Aluminium Company Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of National Aluminium Company Ltd vs industry peers?

National Aluminium Company Ltd revenue CAGR is 14.66%, compared to the industry median CAGR of 14.66%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on National Aluminium

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

National Aluminium Company stock performance

Key Ratios

Is National Aluminium Company Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9.2%	8.3%	19.6%	26%	2.3%	12.8%	34.1%	15.3%	20.1%	43.9%	-
Value Creation Index ⓘ	-0.3	-0.4	0.5	0.9	-0.8	-0.1	2.0	0.1	0.8	2.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	6,817	7,543	9,509	11,499	8,472	8,956	14,215	14,257	13,149	16,788	17,843
Sales YoY Gr.	-	10.7%	26.1%	20.9%	-26.3%	5.7%	58.7%	0.3%	-7.8%	27.7%	-
Adj EPS ⓘ	2.9	3.6	4	9.3	0.7	7.1	16.1	8.4	9.6	29	31.7
YoY Gr.	-	25.6%	9.9%	132.1%	-92.3%	897.2%	127.1%	-47.6%	13.6%	202.4%	-
BVPS (₹) ⓘ	51.2	52.8	54.4	56.2	53.5	58.2	68.4	72.1	79.3	98.3	119
Adj Net Profit ⓘ	745	702	770	1,728	133	1,300	2,953	1,549	1,760	5,321	5,817
Cash Flow from Ops. ⓘ	881	1,436	1,590	2,409	-349	2,199	4,050	908	2,727	5,806	-
Debt/CF from Ops. ⓘ	0	0	0	0	-0	0	0	0.1	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	10.5%	14.7%	5.7%	27.7%
Adj EPS ⓘ	29.2%	110%	21.7%	202.4%
BVPSⓘ	7.5%	12.9%	12.9%	23.8%
Share Price	25.3%	43.7%	72.1%	153.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	5.7	6	7.4	16.5	1.3	12.6	25.4	12	12.7	32.6	29.2
Op. Profit Mgn % ⓘ	14.1	14.3	14.7	25.1	5.8	17	32	17.2	21.1	45.1	44.5
Net Profit Mgn % ⓘ	10.9	9.3	8.1	15	1.6	14.5	20.8	10.9	13.4	31.7	32.6
Debt to Equity ⓘ	0	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	169	149	120	100	141	135	92	115	131	91	109
Cash Conv. Cycle ⓘ	31	17	12	-1	26	30	-0	5	21	16	75

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	31.7	31.6
TTM Sales (₹ Cr.)	17,843	17,843
BVPS (₹) ⓘ	119	117.6
Reserves (₹ Cr.) ⓘ	20,944	20,685
P/BV ⓘ	3.43	3.47
PE ⓘ	12.88	12.92

From the Market
52 Week Low / High (₹)	149.00 / 445.10
All Time Low / High (₹)	4.50 / 445.10
Market Cap (₹ Cr.)	74,889
Equity (₹ Cr.)	918.3
Face Value (₹)	5
Industry PE ⓘ	13.5

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of National Aluminium - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	6,817	7,543	9,509	11,499	8,472	8,956	14,215	14,257	13,149	16,788
Operating Expenses ⓘ +	5,858	6,471	8,115	8,612	7,984	7,438	9,666	11,816	10,374	9,223
Manufacturing Costs	2,696	3,045	3,693	3,843	3,972	3,630	4,786	6,207	5,042	4,816
Material Costs	1,095	1,085	1,513	1,915	1,337	1,310	1,854	3,155	2,646	1,973
Employee Cost	1,398	1,537	2,261	2,072	1,994	1,930	2,356	1,832	2,035	1,786
Other Costs ⓘ	667	804	648	782	681	568	670	621	651	648
Operating Profit ⓘ	959	1,072	1,395	2,887	488	1,518	4,549	2,441	2,775	7,565
Operating Profit Margin (%)	14.1%	14.2%	14.7%	25.1%	5.8%	17.0%	32.0%	17.1%	21.1%	45.1%
Other Income ⓘ +	605	416	302	332	274	411	266	248	348	357
Exceptional Items ⓘ	53	-40	824	0	0	0	0	0	427	0
Interest ⓘ	3	3	2	2	6	7	23	18	17	59
Depreciation ⓘ	426	480	480	476	530	606	837	716	750	728
Profit Before Tax ⓘ	1,189	965	2,039	2,740	226	1,317	3,955	1,955	2,784	7,135
Tax ⓘ	402	296	696	1,008	88	17	1,003	411	724	1,810
Profit After Tax	787	669	1,342	1,732	138	1,300	2,952	1,544	2,060	5,325
PAT Margin (%)	11.6%	8.9%	14.1%	15.1%	1.6%	14.5%	20.8%	10.8%	15.7%	31.7%
Adjusted EPS (₹)	3.1	3.5	7.0	9.3	0.7	7.1	16.1	8.4	11.2	29.0
Dividend Payout Ratio (%)	65.50%	81%	82.10%	61.90%	371.20%	49.50%	40.40%	53.50%	44.60%	36.20%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	13,195	10,206	10,505	10,485	9,988	10,681	12,555	13,238	14,572	18,046
Share Capital ⓘ	1,289	966	966	933	933	918	918	918	918	918
Reserves ⓘ	11,906	9,239	9,538	9,552	9,055	9,762	11,636	12,320	13,653	17,127
Debt +	0	51	45	67	12	46	21	48	39	124
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	0	51	45	67	12	46	21	48	39	124
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	640	844	962	1,286	773	940	1,457	1,263	721	738
Others Liabilities ⓘ	2,876	3,400	3,102	3,310	3,776	3,169	3,521	3,693	4,087	4,214
Total Liabilities ⓘ	16,710	14,502	14,614	15,147	14,550	14,835	17,554	18,243	19,419	23,122
Fixed Assets
Net Fixed Assets ⓘ +	6,596	7,144	7,139	7,286	7,485	7,660	7,343	7,658	7,726	8,120
Gross Block	7,021	8,049	8,502	9,115	9,816	10,551	11,049	11,692	12,496	13,541
Accumulated Depreciation	425	904	1,363	1,830	2,331	2,890	3,705	4,034	4,770	5,421
CWIP ⓘ	688	566	915	883	1,427	1,575	2,235	3,269	4,573	4,936
Investments ⓘ	1,010	1,261	711	257	332	562	377	471	525	1,015
Inventories	1,055	1,156	1,194	1,210	1,697	1,476	1,646	1,840	1,831	1,909
Trade Receivables	235	184	258	241	140	147	75	91	154	186
Cash Equivalents	5,103	2,287	2,769	3,496	1,981	1,750	3,706	2,118	2,575	5,427
Others Assets ⓘ	2,023	1,903	1,627	1,775	1,488	1,664	2,172	2,796	2,034	1,529
Total Assets ⓘ	16,710	14,502	14,614	15,147	14,550	14,835	17,554	18,243	19,419	23,122

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	881	1,436	1,590	2,409	-349	2,199	4,050	908	2,727	5,806
PBT ⓘ	1,189	965	2,039	2,740	226	1,317	3,955	1,955	2,784	7,135
Adjustment ⓘ	-50	197	280	296	317	557	692	582	579	465
Changes in Working Capital ⓘ	102	493	-246	394	-792	423	159	-883	-1	-75
Tax Paid ⓘ	-360	-218	-482	-1,021	-100	-98	-756	-747	-635	-1,719
Cash Flow From Investing Activity ⓘ +	314	1,550	-490	-532	873	-1,404	-2,736	-334	-2,000	-3,971
Capex	-594	-762	-949	-869	-847	-1,207	-1,276	-1,525	-1,644	-1,166
Net Investments	436	2,011	241	69	1,494	-287	-1,570	1,119	-558	-3,039
Others ⓘ	472	301	218	268	226	90	110	72	202	234
Cash Flow From Financing Activity ⓘ +	-544	-3,616	-1,100	-1,731	-677	-601	-1,114	-924	-747	-1,758
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1	-0	-0	0	-1	-0	-8	-2	0	0
Dividend Paid ⓘ	-451	-686	-908	-1,033	-513	-461	-1,102	-918	-735	-1,839
Others ⓘ	-92	-2,929	-191	-698	-163	-140	-4	-4	-12	81
Net Cash Flow ⓘ	651	-630	1	146	-153	195	199	-350	-20	78

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	6.06	5.71	12.96	16.51	1.35	12.57	25.41	11.98	14.81	32.65
ROCE (%)	9.17	8.25	19.62	25.99	2.26	12.77	34.14	15.26	20.08	43.89
Asset Turnover Ratio	0.44	0.52	0.66	0.77	0.57	0.61	0.88	0.8	0.7	0.79
PAT to CFO Conversion(x)	1.12	2.15	1.18	1.39	-2.53	1.69	1.37	0.59	1.32	1.09
Working Capital Days
Receivable Days	8.90	9.50	8.40	7.90	8.20	5.90	2.90	2.10	3.40	3.70
Inventory Days	55.80	50.10	44.60	38.20	62.60	64.70	40.10	44.60	51	40.70
Payable Days	179.90	249.60	217.90	214.20	281	238.60	235.90	157.30	136.90	135

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National Aluminium Company Ltd FAQs

The current trading price of National Aluminium on 04-May-2026 16:59 is ₹407.8.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-May-2026 the market cap of National Aluminium stood at ₹74,888.7 Cr

The latest P/E ratio of National Aluminium as of 03-May-2026 is 12.88.

The latest P/B ratio of National Aluminium as of 03-May-2026 is 3.43.

The 52-week high of National Aluminium is ₹445.1 and the 52-week low is ₹149.0.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of National Aluminium is ₹17,843 ( Cr.) .

About National Aluminium Company Ltd

National Aluminium Company (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on January 07, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal and power. NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country.

NALCO is the first Public Sector Company in the Country to venture into international metal market in a big way with its registration with London Metal Exchange (LME) since May 1989. The Company is listed on the Bombay Stock Exchange (BSE) since 1992 and on the National Stock Exchange (NSE) since 1999. The company has multiple ISO certifications, including ISO 9001, ISO 14001, ISO 45001, ISO 50001, and SA 8000. The Data Centre at NALCO’s Corporate Office and the Disaster Recovery Site at the Alumina Refinery have been awarded the ISO 27001:2013 Certification for Information Security Management System, accredited by International Accreditation Services, USA.

Business area of the company

The company is engaged in the business of manufacturing and selling of Alumina and Aluminium. As one of the largest integrated primary producer of aluminium in Asia, NALCO’s presence encompasses the entire value chain from bauxite mining, alumina refining, aluminium smelting, power generation to downstream products.

Products offered by the company

Aluminium Metal: Ingots, Alloy Ingots, T-Ingots, Sows, Billets, Wire Rods
Alumina & Hydrate: Calcined Alumina, Alumina Hydrate
Zeolite-A
Special Products
Rolled Products

Awards & accolades

2019-20

Company has been conferred with the coveted ‘Golden Peacock Environment Management Award’ for the year 2019 at a function held in Bangalore on the occasion of the 21st World Congress on Environment Management and Climate Change.
Company has bagged the prestigious CSR National Award in the category of “Women Empowerment” for its flagship CSR Project, “Nalco Ki Ladli”, in the National CSR Summit & Awards Ceremony organized by First Step Foundation, New Delhi & CSR Times.
Company has bagged ‘IIM Non-Ferrous Best Performance Award’ consecutively for the second year at the National Metallurgist Day and Annual Technical Meet (NMD-ATM 2019) held at Kovalam, Tiruvanthapuram, organised under the aegis of Ministry of Steel, Govt. of India.
Company has been awarded the Platinum Award at the CII-EXIM Bank Award for Business Excellence.
Company has been awarded “Times Business Excellence Award” for CSR.

2020-21

PSE Excellence Award for Excellence in CSR from Indian Chamber of Commerce.
Company’s Alumina Refinery was awarded for “Best Environment Health and Safety practices in industry” from CII.
Company has been awarded ‘Certificate of Excellence’ under the Public Sector category, at the National-level Odisha MSME Trade Fair 2021.

2021-22

Company’s Panchpatmali Bauxite Mines was awarded 5 Star Rating by Ministry of Mines for sustainable Mining.
Company’s Panchpatmali Bauxite Mines has been awarded in the 17th CII Odisha State ESH Awards 2021 competition, for sustainable mining practices.
Company’s Panchpatmali Bauxite Mines has also been awarded the prestigious Pollution Control Excellence Award 2021 by the State Pollution Control Board, Odisha, for effective pollution control measures and sound environment management practices.
Company’s Alumina Refinery Plant at Damanjodi, Odisha bagged the prestigious Kalinga Environment Excellence Award for adopting outstanding practices in environmental management and pollution control.
Company’s Alumina Refinery bagged the CII EXIM Bank Business Excellence Platinum award & Panchpatmali Bauxite Mines received the award in Gold plus category at CII National Quality Summit.
Company’s Panchpatmali Bauxite Mines bagged Kalinga Safety Excellence Platinum Award for its safe mining practices and Alumina Refinery bagged Gold Award at the Odisha State Safety Conclave.

2022-23

Company’s Panchpatmali Bauxite Mines has received the Greentech Quality & Innovation Awards 2022 for outstanding achievements in Quality Improvement in Processes.
Company’s Alumina Refinery was honored with 5S - Work Place Management Certificate by acclaimed certification agency - Union of Japanese Scientists and Engineers (JUSE) on 30th June, 2022.
Company’s Panchpatmali Bauxite Mine received the prestigious QCFI-JUSE Award in the Par Excellence category along with certificate for the 5S workplace management system on 7th July, 2022.

2023-24

Company received State Export Award under Certificate of Excellence Category from Directorate of Export Promotion and Marketing, Govt. of Odisha.
Smelter Plant was adjudged as “Best performer in Odisha with 5 Star rating” recognition in CII ENCON Energy Conclave 2023 for its strong commitment towards Energy Efficiency.
Smelter plant was adjudged with “Excellent Energy Efficient” unit in CII National Energy Conservation Award 2023 for its strong commitment towards Energy Efficiency.
CII-EXIM Bank Business Excellence Award-2023 to NALCO’s Panchpatmali Bauxite Mines, Alumina Refinery and Smelter Plant.
Captive Power Plant bagged Odisha State “Best Performance Award 2023” for energy conservation in the category of CPP from Govt. of Odisha.

2024-25

Company received the Appreciation Certificate for outstanding performance in the ‘Exporter (PSU)’ category for the year 2024 from the Customs House, Vishakhapatnam on 15th February 2025.
Alumina Refinery achieved the position of 1st Runner-up at the 37th State Level Convention on Quality Circle 2024 organised on 12th March, 2025.
Panchpatmali Bauxite Mines, Alumina Refinery, Captive Power Plant and Aluminium Smelter bagged the Kalinga Environment Excellence Award, 2024 at the 10th National Conclave on Environment, Energy & Climate Change (EECC) 2025, held on 21st June, 2025 at Bhubaneswar.

Milestones

1975: Discovery of East Coast Bauxite
1979: Preparation of NALCO’s Feasibility Report
1980: Investment decision by the Government
1981: Formation of the Company
1981: Foundation Stone laid by Late Smt. Indira Gandhi
1985: Commissioning of Port Facilities
1985: Commissioning of Bauxite Mines
1986: Commissioning of Alumina Refinery
1986: Commissioning of Captive Power Plant
1987: Commissioning of Aluminium Smelter
1987: Commencement of Sale of Aluminium
1988: Commencement of Alumina Export
1988: Commencement of Aluminium Export
1988: First CAPEXIL Export Award
1989: London Metal Exchange Registration
1992: Star Trading House Status
1994: Indira Priyadarshini Vrikshamitra Award by Govt. of India
2000: Indira Gandhi Paryavaran Puraskar by Govt. of India
2002: Dedication of 1st phase of Mines & Alumina Refinery Expansion
2004: Completion of 1st phase expansion
2005: Five Star Export House Status
2008: Navratna Status
2009: Premier Trading House Status
2010: NALCO Foundation for CSR registered
2010: Best Listed CPSE Award from Prime Minister
2010: Formation of JV Company with IDCO for setting up Angul Aluminium Park
2010: Social Accountability (SA -8000) Standard Certification for all units-Since October 2010
2011: PSE Excellence Award for CSR - 2011, in Maharatna & Navratna Category
2011: Completion of 2nd phase expansion
2014: 260 KWp Rooftop solar System commissioned at Corporate Office
2014: Commissioning of 2nd wind power plant of capacity 47.6 MW at Ludarwa, Jaisalmer, Rajasthan
2016: Commissioning of 4th wind power plant of capacity 50.4 MW at Sangli, Maharashtra
2016: Commissioning of 3rd wind power plant of capacity 50 MW at Devikot, Jaisalmer, Rajasthan
2017: 1st of its kind in the world, Emrion nano-technology based De-flurodisation plant commissioned-
2017: 5-Star Rating status to Panchpatmali Bauxite Mines by Ministry of Mines
2017: SCOPE Award of Excellence in Navratna / Maharatna category & SCOPE Meritorious Award for CSR
2018: Foundation stone laying of 2nd Alloy Wire Rod unit
2018: New Corporate Plan 2017-32 rolled out
2018: Production started from South block of Panchpatmalli Bauxite Mines
2020: NALCO gets mining lease for Utkal-D coal block
2020: NALCO inks Memorandum of Understanding (MoU) with Numaligarh Refinery (NRL) for long term supply of CP Coke to ensure raw material security
2021: Lean Slurry ash disposal system of Captive Power Plant (CPP) was commissioned on July 31, 2021. This facilitates pumping of ash slurry from CPP to mine void of Talcher coal fields.
2022: Mining Operation commenced at Utkal-D Coal Mine w.e.f November 2022.
2022: Production started from GNAL JV Project in May’2022 and Despatch of caustic soda to NALCO started in August 2022.
2023: Utkal-D Coal Mine: Coal dispatch to CPP started in April 2023.
2024: Pottangi Mines: Mining Lease deed signed in June 2024.
2025: Utkal-D&E Coal Mine: Coal production from amalgamated Utkal D & E Coal Mines started in January 2025.
2026: NALCO signs MoU with NLCIL for Energy Collaborations.
2026: NALCO Launches IA91 Grade Aluminium Alloy Ingot.

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Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

National Aluminium Company Ltd (NATIONALUM) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

National Aluminium Share Price