NALCO shines on getting mining lease for Utkal-E coal block
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National Aluminium Company is currently trading at Rs. 59.85, up by 1.85 points or 3.19% from its previous closing of Rs. 58.00 on the BSE.
The scrip opened at Rs. 58.65 and has touched a high and low of Rs. 60.50 and Rs. 58.10 respectively. So far 988564 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 64.00 on 03-Mar-2021 and a 52 week low of Rs. 26.80 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 60.50 and Rs. 53.05 respectively. The current market cap of the company is Rs. 11175.05 crore.
The promoters holding in the company stood at 51.50%, while Institutions and Non-Institutions held 16.98% and 31.52% respectively.
National Aluminium Company (NALCO) has been granted the mining lease of Utkal-E coal block. The lease has been granted by the Department of Steel & Mines, Government of Odisha, through a notification issued on April 12. As per the notification, the mining lease of Utkal-E coal block is over an area of 523.73 Ha in villages Nandichhod, Gopinathpur Jungle, Kundajhari Jungle, Kosala & Korada under Chendipada Tahasil of Angul District. The initial capacity of Utkal-E coal block is 2 million tonnes per year with a total mineable reserve of approx. 70 million tonnes.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain.
