Nalco rises on planning JV partnership with Coal India, NTPC
National Aluminium Company is currently trading at Rs. 186.75, up by 1.95 points or 1.06% from its previous closing of Rs. 184.80 on the BSE.
The scrip opened at Rs. 185.75 and has touched a high and low of Rs. 187.25 and Rs. 183.85 respectively. So far 105521 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 263.10 on 25-Nov-2024 and a 52 week low of Rs. 140.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 193.00 and Rs. 183.85 respectively. The current market cap of the company is Rs. 33876.67 crore.
The promoters holding in the company stood at 51.28%, while Institutions and Non-Institutions held 30.82% and 17.90% respectively.
National Aluminium Company (NALCO) is planning a joint venture (JV) partnership with state-owned Coal India and power major NTPC for securing coal supply for its proposed Rs 12,000-crore power plant in Odisha. The company will set up a 1,080 MW power plant in Angul, Odisha for its smelter unit. Both the power plant and the smelter unit are part of its long-term expansion plans.
The company has lined up an investment of Rs 30,000 crore to set up a new aluminium smelter and a coal-based power plant over the next five years. Out of this, Rs 18,000 crore has been earmarked for the smelter and Rs 12,000 crore will be spent on the thermal power plant.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network.
