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National Aluminium Company Ltd

BSE Code : 532234 | NSE Symbol : NATIONALUM | ISIN:INE139A01034| SECTOR : Non Ferrous Metals |

NSE BSE
 
SMC up arrow

199.90

5.05 (2.59%) Volume 7482946

18-May-2024 EOD

Prev. Close

194.85

Open Price

196.30

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

199.90(61012)

 

Today’s High/Low 201.45 - 195.60

52 wk High/Low 201.45 - 79.40

Key Stats

MARKET CAP (RS CR) 36714.27
P/E 23.43
BOOK VALUE (RS) 74.0959401
DIV (%) 90
MARKET LOT 1
EPS (TTM) 8.53
PRICE/BOOK 2.69785361694871
DIV YIELD.(%) 2.25
FACE VALUE (RS) 5
DELIVERABLES (%) 45.98

F&O Quote

201

5 (2%)
Open Price 197 Average Price 199 Open interest 92,628,750
High Price 202 No. Of Contracts Traded 15,547,500 Open Interest Change 648,750
Low Price 196 Turnover (`. In Lakhs) 3,099,549,600 Open Interest Change(%) 1%
Prev. Close 196 Market Lot 3,750 Option Chain | Detailed View >>
4

News & Announcements

18-May-2024

National Aluminium Company Ltd gains for third straight session

14-May-2024

National Aluminium Company to conduct board meeting

14-May-2024

National Aluminium Company Ltd up for third straight session

14-May-2024

National Aluminium Company Ltd - National Aluminium Company Limited - Board Meeting

14-May-2024

National Aluminium Company to conduct board meeting

14-Feb-2024

Board of National Aluminium Company recommends 2nd interim dividend

02-Feb-2024

National Aluminium Company to declare Quarterly Result

10-Nov-2023

Board of National Aluminium Company recommends Interim Dividend

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

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Bhoruka Aluminium Ltd 506027
Bothra Metals & Alloys Ltd 535279
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Globus Corporation Ltd 531904 KARUNACAB
Gujarat Foils Ltd 531410
Gwalior Transmission Systems Ltd 523806
Hamco Mining & Smelting Ltd (Wound Up) 500176 HINDALLOYS
Hindalco Industries Ltd 500440 HINDALCO
India Foils Ltd(merged) 509684 IFL
Indian Aluminium Company Ltd 500445 INDAL
Indo Flogates Ltd (Merged) 526648
Light Metal Industries Ltd (Merged) 513115
Lunkad Aluminium Ltd 40378
Maan Aluminium Ltd 532906 MAANALU
Madras Aluminium Co Ltd(Merged) 504580 MALCO
Mahavir Aluminium Ltd 40387
Manaksia Aluminium Company Ltd 539045 MANAKALUCO
MMP Industries Ltd 535071 MMP
Nirav Commercials Ltd 512425
Nonmag India Ltd 40282
Nortech India Ltd (Wound-up) 523600
Orissa Extrusions Ltd(under Liquidation) 513256
PALCO Ltd 513405 PENNARALUM
Parekh Aluminex Ltd 532606 PARAL
Patni Engineering Ltd 522140
PG Foils Ltd 526747
Sacheta Metals Ltd 531869
Sangam Aluminium Ltd 513297
Shree Pomani Metals & Alloys Ltd 513733
Sri Lakshmi Engineering Industries Ltd 522221
Sturdy Industries Ltd 530611
Sudal Industries Ltd 506003
Synthiko Foils Ltd 513307
Universal Prime Aluminium Ltd 504673

Share Holding

Category No. of shares Percentage
Total Foreign 177429492 9.66
Total Institutions 345633697 18.82
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 41278000 2.25
Total Promoters 941793011 51.28
Total Public & others 330497587 18.00
Total 1836631787 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About National Aluminium Company Ltd

National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise (CPSE) under Ministry of Mines, Government of India. The Company is a Group A' CPSE, having integrated and diversified operations in mining, metal and power. Presently, Government of India holds 51.28% stake in NALCO. The Company is engaged in the business of manufacturing and selling of Alumina and Aluminium. The Company is operating a 22.75 lakh MT per annum Alumina Refinery Plant located at Damanjodi in Koraput district of Odisha and 4.60 lakh MT per annum Aluminium Smelter located at Angul, Odisha. It has a captive bauxite mines adjacent to refinery plant to feed the bauxite requirement of Alumina Refinery and also a 1200 MW captive thermal power plant adjacent to Smelter plant to meet the power requirement of Smelter. It has captive coal mines at Angul to meet coal requirement of the power plant. Besides, the Company is operating 4 wind power plants with total capacity of 198.40 MW located in the State of Andhra Pradesh (Gandikota), Rajasthan (Ludherva & Devikot) and Maharashtra (Sangli) to harness the renewable energy and to comply with its Renewable Purchase Obligation. NALCO was incorporated on 7th January, 1981. At Panchpatmali Hills of Koraput Dist. in Orissa, the Company started its Bauxite Mines during November, 1985. After a year, during September of the year 1986, in the picturesque valley of Damanjodi in Koraput Dist, it formed the Alumina Refinery. Aluminium Smelter of the company at Angul in Orissa was came to existence since early 1987. The Company had commenced the Alumina export and Aluminium export in January and September respectively during the year 1988. NALCO signed a Project Co-operation Agreement with Hydro Aluminium AG, Norway in the year 1993 to carry out a joint study for feasibility of setting up a 100% export oriented aluminium plant of 0.9 million tonnes per annum capacity. In the year 1994, the Company made collaboration with various government agencies with aim of set up the facilities for extraction of gallium metal with an annual capacity of 950 kg at Damanjodi unit. During the year 1995, Smelter plant at Angul was undertaken with a capacity of 26000 TPY of strip casting facility, a special Alumina plant at Damanjodi was undertaken with a capacity of 20,000 TPY, a 10,000 TPY detergent grade Zeolite (Zeolite-A) plant at Damanjodi was undertaken and a 1000 Kg. per annum 5 N purity Gallium plant at Damanjodi based on indigenous technology was undertaken. The Company had explored the possibility of diversification during the year 1996 in terms of little other value added products such as special grade, alumina, Zeolite and aluminium cast wheel etc. in the year 1997, NALCO made a technical collaboration with Aluminum Pechiney (AP), France, the largest integrated aluminium company in Asia and also in the same year, the company had opened a stockyard at Bhiwandi in Thane district. NALCO bagged the top export award of Chemical and Allied Products Export Promotion Council (Capexil) for the year 1997-98. The Company established new records in bauxite mining, alumina production and exports during the year 1999. NALCO made its footprint in detergent business also in the year 2001. NALCO received the Niryat Shree award for two straight years, 2000-01 and 2001-02 from the Federation of Indian Export Organisation (FIEO) for excellence in exports. Alumina Refinery of the company was expanded to 15,75,000 TPA and dedicated to the Nation State Pollution in the year 2002. During the year 2003, the company had commissioned one unit of Captive Power Plant with a capacity of 120 MW and 120 pots of Smelter with a capacity to produce 57,500 MT of aluminium per year. During the year 2005, the company had inked an agreement with NMDC. During the year 2005-06, the company has enhanced its installed capacity of Special Grade Alumina (Calcined Alumina) & Aluminium Strips-RPU by 7000 Tonnes & 26000 Tonnes respectively. The Company had allotted 'UTKAL-E' Coal Block in the year 2006-07, having a reserve of around 70 million tonnes for its new units at Captive Power Plant by the Government of India. NALCO had embarked on an ambitious growth plan under 2nd phase expansion project at an estimated cost of Rs.5, 003 crore. As at January 2008, NALCO had inked a preliminary deal with the Indonesian government for a USD 3.2 billion project to build an aluminium smelter and power plant on Sumatra Island. The company is looking at building the smelter with an annual capacity of 250,000 tons in the first phase. It also plans to build the coal-fired power plant with a capacity to generate 750 megawatts of electricity. On 20 December 2018, National Aluminium Co. Ltd (NALCO) entered into a MoU with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco's new aluminium project in Indonesia. While operations of the proposed smelter would leverage on RMMI's transport infrastructures in South Sumatra, the MoU also envisages actively scouting for other viable locations in Indonesia. This joint venture is aimed to create synergic value for the two companies and will enhance commitment to the project. In February 2008, Andhra Pradesh government approved the company's 1.5 million ton aluminum refinery and a 2.57-lakh ton smelter in Andhra Pradesh. In April of the year 2008, the company had stepped into a memorandum of agreement (MoA) with Bharat Earth Movers (BEML) for production of aluminium rails and wagons and, subsequently, aluminium rail coaches and metro coaches. NALCO had short listed coalmines in Sumatra Island in May of the year 2008, to secure supplies for its proposed 750 MW power plant in Indonesia. During May of the year 2008, NALCO was conferred the Navratna status. On 26 December 2008, National Alumnimum Company Ltd (Nalco) formally switched on the first pot at Angul in Odisha which marked the commissioning of the 4th Potline under the 2nd phase expansion of the Aluminium Smelter. The Board of Directors of National Aluminium Company (NALCO) at its meeting held on 31 January 2011 recommended sub-division of face value of share of Rs 10/- each fully paid up into 2 (Two) equity shares of Rs. 5/- each fully paid-up and issue of bonus shares to the existing shareholders of the company in the proportion of 1 (One) Bonus share for every 1 (one) existing fully paid-up equity share held. On 15 September 2015, National Aluminium Company (NALCO) announced that the company has been allocated Utkal D and E coal blocks, in Angul district of Odisha, where the company's 4.6 lakh tonne aluminium smelter and 1200 MW captive power plant are located. On 24 November 2015, National Aluminium Company (NALCO) informed the stock exchanges that the company has received USD 8.05 million towards an out of court settlement from a US firm in connection with a case pending in the US Court. National Aluminium Company (NALCO) registered highest-ever bauxite & alumina production during the financial year ended 31 March 2016. The aluminium major registered an all-time high production of 63,40,142 tonnes of bauxite in 2015-16 fiscal i.e. 10.47% higher, and 19,53,000 tonnes of alumina i.e. 5.51% higher than the corresponding figures of the previous fiscal. On 6 May 2016, National Aluminium Company (NALCO) informed the stock exchanges that that Govt. of India vide Allotment Order dated 2 May 2016 has allotted Utkal-D & E Coal Mine in favour of the company. The Allotment Order was issued by the Office of Nominated Authority, Ministry of Coal on behalf of Govt, of India. All the rights, title and interest in and over the land and mine infrastructure of both Utkal-D & E Coal Mines shall stand fully and absolutely transferred and vested in the allotee i.e. NALCO. On 23 May 2016, National Aluminium Company Limited (NALCO) and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) signed an MoU to jointly explore the possibility of setting up an aluminium smelter in Iran, with supply of alumina from NALCO's refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing aluminium from alumina supplied by NALCO. Inter alia, the MoU proposes to look into other business collaborations as well. The Board of Directors of National Aluminium Company Limited (NALCO) at its meeting held on 25 May 2016 approved the proposal to buyback not exceeding 64.43 crore equity shares of the company (representing 25% of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 44 per equity share payable in cash for an aggregate consideration not exceeding Rs 2834.96 crore from all the equity shareholders of the company, as on the record date, on a proportionate basis through a Tender Offer route. The Board of Directors noted the intention of the Promoter of the Company to participate in the proposed Buyback. On 13 July 2016, National Aluminium Company Limited (NALCO) announced that the company has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne Alumina Refinery is located. As per a recent order issued by Department of Steel & Mines, Govt of Odisha, NALCO has been granted the mining lease of Pottangi with an area covering 1738 hectares for a period of 50 years. NALCO's expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs 5600 crore, greatly depended on this additional source of bauxite. On 16 December 2016, National Aluminium Company Limited (NALCO) and NTPC Ltd., the Maharatna Power Producer, entered into an MoU for developing power projects and other business collaborations in India. Under the MoU, the companies will float a Joint Venture namely NTPC-NALCO Power Company (NNPC) to set up power plants. The first such power plant is planned at Gajamara, Odisha with a capacity of 2,400 MW (3X800 MW), at an estimated investment of Rs. 14,000 crore. The proposed super critical power plant with state-of-the-art technology will supply uninterrupted power to NALCO's Smelter at Angul. The process for acquisition of 1,600 acres of land in Gajamara has already commenced. On 18 September 2017, NALCO, Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL), the three CPSEs under the administrative control of the Ministry of Mines, Government of India, signed an MoU to make the country self-reliant in the areas of 12 strategic materials that are either not available in the country or not available in the desired quantity. On 8 January 2018, NALCO unveiled Corporate Plan 2032 that provides strategic way forward for the company up to 2032. The new plan envisages NALCO to reach a turnover of Rs 18171 crore with profit after tax (PAT) of Rs 1693 crore by 2024 with enhancement of the smelting capacity to 1.1 million tons and refining capacity to 3.27 million tons. The long term strategy foresees the company to reach a turnover of Rs 31248 crore and PAT of Rs 3010 crore by 2032. The corporate plan also envisages backward integration to CT Pitch & caustic soda; forward integration to extrusion, foils and castings; expanding value addition capacities in wire rods and rolled products; diversifying into commercial mining in bauxite and chromite, conductors & Lithium-Ion batteries. The Company formed a JV Company GACL - NALCO Alkalies & Chemical Pvt. Ltd. with GACL to set up 2.7 lakh TPA Caustic Soda Plant along with 130 MW Captive Power Plant (CPP) at Dahej in Gujarat. The Company and Odisha Industrial Infrastructure Development Corporation (IDCO) have formed a JV Company for establishment of Angul Aluminium Park Pvt. Ltd. (AAPPL) for promotion of downstream industries in the State. The Company has signed a MoU with Neelachal Ispat Nigam Ltd. (NINL) to set up a Coal Tar Distillation plant based on the Coal Tar generated in NINL's Coke Oven Plant. Joint Venture Company 'Khanij Bidesh India Limited (KABIL) was formed between NALCO, HCL and MECL in Aug' 19 for acquiring some strategic minerals overseas to promote 'Make in India' initiative of Government of India. During 2022, the Company operationalised all its 960 nos. of pots at its Smelter Plant on 12th January, 2022, a milestone of achieving 100% capacity utilization for the first time. It also achieved highest ever Bauxite production of 75.11 lakh tonne in FY 2021-22. During the year 2022-23, clarifloculator of 3,000 m3 /hr capacity was installed and commissioned on 22.11.2022. Installation of 84 nos. Main Ring Dampers at Anode Baking Furnace (ABF)-I was commissioned to reduce Fuel oil consumption in Baking furnace. The Utkal-D Coal Mines commenced from 09.11.2022. Coal dispatch started from Utkal-D Coal Mines to Captive power plant (CPP) effective from April 18, 2023. TG-1 of Unit 1 of CPP was synchronized/ operative on 23rd May, 2022. TG-2 of Unit 2 of CPP was synchronized on 28th April, 2023. All 08 electrolysers units of Caustic Soda Plant having capacity to produce 800 TPD caustic soda, were commissioned and put into operation.

National Aluminium Company Ltd Chairman Speech

Shri Sridhar Patra assumed the charge of Chairman-cum-Managing Director of Navratna CPSE NALCO with effect from 17th December, 2019. Prior to that, he has served as Director (Finance) of NALCO and THDC. He has been in the Board level position in CPSEs since 2013. Shri Patra is also the Chairman in the Board of the Joint Venture Companies of NALCO, viz. UADNL (JV of NALCO and MIDHANI) and KABIL (JV of NALCO, HCL and MECL).

In his illustrious career spanning more than three decades, he has proved himself as a visionary business leader with forward thinking and open-minded approach. He has set new benchmarks in production, productivity, turnover and profitability of NALCO, sailing against extremely volatile business environment, propelled by the global pandemic,

primarily on the strength of his strategic acumen, result-driven and team-oriented leadership, coupled with his deep commitment to organizational growth. He has also contributed decisively to drive the expansion plans of the Company including backward and forward integration through effective joint venture arrangements, which will support the long-term sustainable Corporate Plans of the Company.

Shri Patra is a graduate in Commerce from Utkal University and member of the Institute of Chartered Accountants of India. Passionate about academics, Shri Patra has contributed significantly institutions in India. Professionally, Shri Patra has varied experience in almost all domains of leading Public Sectors like, ONGC-MRPL, IREL, OMC and THDC.

SHRI SRIDHAR PATRA

Chairman-cum-Managing Director

   

National Aluminium Company Ltd Company History

National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise (CPSE) under Ministry of Mines, Government of India. The Company is a Group A' CPSE, having integrated and diversified operations in mining, metal and power. Presently, Government of India holds 51.28% stake in NALCO. The Company is engaged in the business of manufacturing and selling of Alumina and Aluminium. The Company is operating a 22.75 lakh MT per annum Alumina Refinery Plant located at Damanjodi in Koraput district of Odisha and 4.60 lakh MT per annum Aluminium Smelter located at Angul, Odisha. It has a captive bauxite mines adjacent to refinery plant to feed the bauxite requirement of Alumina Refinery and also a 1200 MW captive thermal power plant adjacent to Smelter plant to meet the power requirement of Smelter. It has captive coal mines at Angul to meet coal requirement of the power plant. Besides, the Company is operating 4 wind power plants with total capacity of 198.40 MW located in the State of Andhra Pradesh (Gandikota), Rajasthan (Ludherva & Devikot) and Maharashtra (Sangli) to harness the renewable energy and to comply with its Renewable Purchase Obligation. NALCO was incorporated on 7th January, 1981. At Panchpatmali Hills of Koraput Dist. in Orissa, the Company started its Bauxite Mines during November, 1985. After a year, during September of the year 1986, in the picturesque valley of Damanjodi in Koraput Dist, it formed the Alumina Refinery. Aluminium Smelter of the company at Angul in Orissa was came to existence since early 1987. The Company had commenced the Alumina export and Aluminium export in January and September respectively during the year 1988. NALCO signed a Project Co-operation Agreement with Hydro Aluminium AG, Norway in the year 1993 to carry out a joint study for feasibility of setting up a 100% export oriented aluminium plant of 0.9 million tonnes per annum capacity. In the year 1994, the Company made collaboration with various government agencies with aim of set up the facilities for extraction of gallium metal with an annual capacity of 950 kg at Damanjodi unit. During the year 1995, Smelter plant at Angul was undertaken with a capacity of 26000 TPY of strip casting facility, a special Alumina plant at Damanjodi was undertaken with a capacity of 20,000 TPY, a 10,000 TPY detergent grade Zeolite (Zeolite-A) plant at Damanjodi was undertaken and a 1000 Kg. per annum 5 N purity Gallium plant at Damanjodi based on indigenous technology was undertaken. The Company had explored the possibility of diversification during the year 1996 in terms of little other value added products such as special grade, alumina, Zeolite and aluminium cast wheel etc. in the year 1997, NALCO made a technical collaboration with Aluminum Pechiney (AP), France, the largest integrated aluminium company in Asia and also in the same year, the company had opened a stockyard at Bhiwandi in Thane district. NALCO bagged the top export award of Chemical and Allied Products Export Promotion Council (Capexil) for the year 1997-98. The Company established new records in bauxite mining, alumina production and exports during the year 1999. NALCO made its footprint in detergent business also in the year 2001. NALCO received the Niryat Shree award for two straight years, 2000-01 and 2001-02 from the Federation of Indian Export Organisation (FIEO) for excellence in exports. Alumina Refinery of the company was expanded to 15,75,000 TPA and dedicated to the Nation State Pollution in the year 2002. During the year 2003, the company had commissioned one unit of Captive Power Plant with a capacity of 120 MW and 120 pots of Smelter with a capacity to produce 57,500 MT of aluminium per year. During the year 2005, the company had inked an agreement with NMDC. During the year 2005-06, the company has enhanced its installed capacity of Special Grade Alumina (Calcined Alumina) & Aluminium Strips-RPU by 7000 Tonnes & 26000 Tonnes respectively. The Company had allotted 'UTKAL-E' Coal Block in the year 2006-07, having a reserve of around 70 million tonnes for its new units at Captive Power Plant by the Government of India. NALCO had embarked on an ambitious growth plan under 2nd phase expansion project at an estimated cost of Rs.5, 003 crore. As at January 2008, NALCO had inked a preliminary deal with the Indonesian government for a USD 3.2 billion project to build an aluminium smelter and power plant on Sumatra Island. The company is looking at building the smelter with an annual capacity of 250,000 tons in the first phase. It also plans to build the coal-fired power plant with a capacity to generate 750 megawatts of electricity. On 20 December 2018, National Aluminium Co. Ltd (NALCO) entered into a MoU with Rak Minerals & Metals Investments (RMMI), under which RMMI will have 24 per cent stake in Nalco's new aluminium project in Indonesia. While operations of the proposed smelter would leverage on RMMI's transport infrastructures in South Sumatra, the MoU also envisages actively scouting for other viable locations in Indonesia. This joint venture is aimed to create synergic value for the two companies and will enhance commitment to the project. In February 2008, Andhra Pradesh government approved the company's 1.5 million ton aluminum refinery and a 2.57-lakh ton smelter in Andhra Pradesh. In April of the year 2008, the company had stepped into a memorandum of agreement (MoA) with Bharat Earth Movers (BEML) for production of aluminium rails and wagons and, subsequently, aluminium rail coaches and metro coaches. NALCO had short listed coalmines in Sumatra Island in May of the year 2008, to secure supplies for its proposed 750 MW power plant in Indonesia. During May of the year 2008, NALCO was conferred the Navratna status. On 26 December 2008, National Alumnimum Company Ltd (Nalco) formally switched on the first pot at Angul in Odisha which marked the commissioning of the 4th Potline under the 2nd phase expansion of the Aluminium Smelter. The Board of Directors of National Aluminium Company (NALCO) at its meeting held on 31 January 2011 recommended sub-division of face value of share of Rs 10/- each fully paid up into 2 (Two) equity shares of Rs. 5/- each fully paid-up and issue of bonus shares to the existing shareholders of the company in the proportion of 1 (One) Bonus share for every 1 (one) existing fully paid-up equity share held. On 15 September 2015, National Aluminium Company (NALCO) announced that the company has been allocated Utkal D and E coal blocks, in Angul district of Odisha, where the company's 4.6 lakh tonne aluminium smelter and 1200 MW captive power plant are located. On 24 November 2015, National Aluminium Company (NALCO) informed the stock exchanges that the company has received USD 8.05 million towards an out of court settlement from a US firm in connection with a case pending in the US Court. National Aluminium Company (NALCO) registered highest-ever bauxite & alumina production during the financial year ended 31 March 2016. The aluminium major registered an all-time high production of 63,40,142 tonnes of bauxite in 2015-16 fiscal i.e. 10.47% higher, and 19,53,000 tonnes of alumina i.e. 5.51% higher than the corresponding figures of the previous fiscal. On 6 May 2016, National Aluminium Company (NALCO) informed the stock exchanges that that Govt. of India vide Allotment Order dated 2 May 2016 has allotted Utkal-D & E Coal Mine in favour of the company. The Allotment Order was issued by the Office of Nominated Authority, Ministry of Coal on behalf of Govt, of India. All the rights, title and interest in and over the land and mine infrastructure of both Utkal-D & E Coal Mines shall stand fully and absolutely transferred and vested in the allotee i.e. NALCO. On 23 May 2016, National Aluminium Company Limited (NALCO) and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) signed an MoU to jointly explore the possibility of setting up an aluminium smelter in Iran, with supply of alumina from NALCO's refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing aluminium from alumina supplied by NALCO. Inter alia, the MoU proposes to look into other business collaborations as well. The Board of Directors of National Aluminium Company Limited (NALCO) at its meeting held on 25 May 2016 approved the proposal to buyback not exceeding 64.43 crore equity shares of the company (representing 25% of the total number of equity shares in the paid-up share capital of the company) at a price of Rs 44 per equity share payable in cash for an aggregate consideration not exceeding Rs 2834.96 crore from all the equity shareholders of the company, as on the record date, on a proportionate basis through a Tender Offer route. The Board of Directors noted the intention of the Promoter of the Company to participate in the proposed Buyback. On 13 July 2016, National Aluminium Company Limited (NALCO) announced that the company has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne Alumina Refinery is located. As per a recent order issued by Department of Steel & Mines, Govt of Odisha, NALCO has been granted the mining lease of Pottangi with an area covering 1738 hectares for a period of 50 years. NALCO's expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs 5600 crore, greatly depended on this additional source of bauxite. On 16 December 2016, National Aluminium Company Limited (NALCO) and NTPC Ltd., the Maharatna Power Producer, entered into an MoU for developing power projects and other business collaborations in India. Under the MoU, the companies will float a Joint Venture namely NTPC-NALCO Power Company (NNPC) to set up power plants. The first such power plant is planned at Gajamara, Odisha with a capacity of 2,400 MW (3X800 MW), at an estimated investment of Rs. 14,000 crore. The proposed super critical power plant with state-of-the-art technology will supply uninterrupted power to NALCO's Smelter at Angul. The process for acquisition of 1,600 acres of land in Gajamara has already commenced. On 18 September 2017, NALCO, Hindustan Copper (HCL) and Mineral Exploration Corporation (MECL), the three CPSEs under the administrative control of the Ministry of Mines, Government of India, signed an MoU to make the country self-reliant in the areas of 12 strategic materials that are either not available in the country or not available in the desired quantity. On 8 January 2018, NALCO unveiled Corporate Plan 2032 that provides strategic way forward for the company up to 2032. The new plan envisages NALCO to reach a turnover of Rs 18171 crore with profit after tax (PAT) of Rs 1693 crore by 2024 with enhancement of the smelting capacity to 1.1 million tons and refining capacity to 3.27 million tons. The long term strategy foresees the company to reach a turnover of Rs 31248 crore and PAT of Rs 3010 crore by 2032. The corporate plan also envisages backward integration to CT Pitch & caustic soda; forward integration to extrusion, foils and castings; expanding value addition capacities in wire rods and rolled products; diversifying into commercial mining in bauxite and chromite, conductors & Lithium-Ion batteries. The Company formed a JV Company GACL - NALCO Alkalies & Chemical Pvt. Ltd. with GACL to set up 2.7 lakh TPA Caustic Soda Plant along with 130 MW Captive Power Plant (CPP) at Dahej in Gujarat. The Company and Odisha Industrial Infrastructure Development Corporation (IDCO) have formed a JV Company for establishment of Angul Aluminium Park Pvt. Ltd. (AAPPL) for promotion of downstream industries in the State. The Company has signed a MoU with Neelachal Ispat Nigam Ltd. (NINL) to set up a Coal Tar Distillation plant based on the Coal Tar generated in NINL's Coke Oven Plant. Joint Venture Company 'Khanij Bidesh India Limited (KABIL) was formed between NALCO, HCL and MECL in Aug' 19 for acquiring some strategic minerals overseas to promote 'Make in India' initiative of Government of India. During 2022, the Company operationalised all its 960 nos. of pots at its Smelter Plant on 12th January, 2022, a milestone of achieving 100% capacity utilization for the first time. It also achieved highest ever Bauxite production of 75.11 lakh tonne in FY 2021-22. During the year 2022-23, clarifloculator of 3,000 m3 /hr capacity was installed and commissioned on 22.11.2022. Installation of 84 nos. Main Ring Dampers at Anode Baking Furnace (ABF)-I was commissioned to reduce Fuel oil consumption in Baking furnace. The Utkal-D Coal Mines commenced from 09.11.2022. Coal dispatch started from Utkal-D Coal Mines to Captive power plant (CPP) effective from April 18, 2023. TG-1 of Unit 1 of CPP was synchronized/ operative on 23rd May, 2022. TG-2 of Unit 2 of CPP was synchronized on 28th April, 2023. All 08 electrolysers units of Caustic Soda Plant having capacity to produce 800 TPD caustic soda, were commissioned and put into operation.

National Aluminium Company Ltd Directors Reports

National Aluminium Company Ltd Company Background

SRIDHAR PATRASRIDHAR PATRA
Incorporation Year1981
Registered OfficeNalco Bhawan Plot No P/1,Nayapalli
Bhubaneswar,Orissa-751013
Telephone91-674-2301988-99,Managing Director
Fax91-674-2300677
Company Secretary
AuditorGNS & Associates/A K Sabat & Co/P A & Associates
Face Value5
Market Lot1
ListingBSE,MSEI ,NSE,
RegistrarKFin Techologies Ltd
Karvy Selenium Tow-B,31&32 Financial Dist,Nanakramguda ,Hyderabad-500032

National Aluminium Company Ltd Company Management

Director NameDirector DesignationYear
SRIDHAR PATRAChairman & Managing Director2023
R S MahapatroWhole Time Director - Human Resource2023
M. P. MishraWhole Time Director2023
B. K. DasWhole-time Director2023
R. C. JoshiWhole-time Director2023
S. SamantarayWhole Time Director2023
Sanjay LohiyaOfficial Director (Part time)2023
Veena Kumari DermalOfficial Director (Part time)2023
Ravi Nath JhaPart Time Non Official Ind.Dir2023
B. R. RamakrishnaPart Time Non Official Ind.Dir2023
George KurianPart Time Non Official Ind.Dir2023
Ajay NarangPart Time Non Official Ind.Dir2023
Y. P. ChillioPart Time Non Official Ind.Dir2023
ShatorupaPart Time Non Official Ind.Dir2023
Dushyant UpadhyayPart Time Non Official Ind.Dir2023
Sanjay Ramanlal PatelPart Time Non Official Ind.Dir2023
P. K. SharmaDirector (Production)2023

National Aluminium Company Ltd Listing Information

Listing Information
BSE_500
BSE_PSU
CNX500
BSESMALLCA
CNXSMALLCA
CNXMETAL
CNXDIVIDEN
BSECPSE
BSEALLCAP
BSEMETERIA
BSESMALLSE
BSEBHARA22
SML250
MSL400
NFTYMSC400
NFTYSC50
NFTYSC250
NF500M5025
NFTYTOTMKT
NMIM503020

National Aluminium Company Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
AluminiumMT0005392.54
AluminaMT0002978.28
Wind Power.MU00054.93
Other Operating RevenueNA00046.09
IncentiveNA0000
Internally ConsumedNA0000
BauxiteMT0000
Electrical EnergyMW0000
Electrical Energy (in Units)MU0000
PowerMU0000
Aluminium IngotsMT0000
Sow IngotsMT0000
Aluminium Wire RodsMT0000
Aluminium StripsMT0000
Aluminium Strips RPUMT0000
Alumina-Special gradeMT0000
Alumina-CalcinedMT0000
Alumina HydrateMT0000
Special Grade HydratesMT0000
ZeolitesMT0000
Rolled ProductsMT0000
Aluminium MetalsMT0000
Alulminium BilletsMT0000
Excise DutyNA0000

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