National Aluminium Company Ltd
National Aluminium Company Ltd (NATIONALUM)

National Aluminium Company Ltd (NATIONALUM)

₹71.35.23%

Key Stats

₹68.2
Day's Price Range
₹71.85
₹66.95
52-Week Price Range
₹132.7
1 Month Return-12.81 %
3 Month Return-1.53 %
1 Year Return-27.47 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 21
3.93
EPS
Rank 105
₹17.21
BVPS
Rank 178
₹68.34
Dividend Yield
Rank 5
6.48%
ROE
Rank 65
25.41%
Price To Book Ratio
Rank 46
0.99
Debt To Asset
Rank 242
0.28

Company Information

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 51.50 stake in NALCO. The company is one of the largest integrated BauxiteAluminaAluminium Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine 21.00 lakh TPA normative capacity Alumina Refinery located at Damanjodi in Koraput district of Odisha and 4.60 lakh TPA Aluminium Smelter 1200MW Captive Power Plant located at Angul Odisha. NALCO has bulk shipment facilities at Vizag port for export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi Kolkata Mumbai Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.The Company is the lowestcost producer of metallurgical grade alumina in the World as per Wood McKenzie report. With sustained quality products the Company was rated 2nd highest net export earning CPSE in 201819 as per Public Enterprise Survey report. NALCO was incorporated in 7th January of the year 1981. At Panchpatmali hills of Koraput district in Orissa the company started its Bauxite Mines during November of the year 1985. After a year during September of the year 1986 in the picturesque valley of Damanjodi in Koraput district the company 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 cooperation 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 20000 TPY a 10000 TPY detergent grade Zeolite ZeoliteA 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 199798. 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 200001 and 200102 from the Federation of Indian Export Organisation FIEO for excellence in exports. Alumina Refinery of the company was expanded to 1575000 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 57500 MT of aluminium per year. During the year 2005 the company had inked an agreement with NMDC. During the year 200506 the company has enhanced its installed capacity of Special Grade Alumina Calcined Alumina Aluminium StripsRPU by 7000 Tonnes 26000 Tonnes respectively. The Company had allotted UTKALE Coal Block in the year 200607 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 250000 tons in the first phase. It also plans to build the coalfired 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 Nalcos new aluminium project in Indonesia. While operations of the proposed smelter would leverage on RMMIs 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 companys 1.5 million ton aluminum refinery and a 2.57lakh 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 subdivision of face value of share of Rs 10/ each fully paid up into 2 Two equity shares of Rs. 5/ each fully paidup 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 paidup 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 companys 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 highestever bauxite alumina production during the financial year ended 31 March 2016. The aluminium major registered an alltime high production of 6340142 tonnes of bauxite in 201516 fiscal i.e. 10.47 higher and 1953000 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 UtkalD 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 UtkalD 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 NALCOs 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 paidup 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 companys 2275000tonne 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. NALCOs 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 NTPCNALCO Power Company NNPC to set up power plants. The first such power plant is planned at Gajamara Odisha with a capacity of 2400 MW 3X800 MW at an estimated investment of Rs. 14000 crore. The proposed super critical power plant with stateoftheart technology will supply uninterrupted power to NALCOs Smelter at Angul. The process for acquisition of 1600 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 selfreliant 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 LithiumIon batteries.The achievement in CAPEX is Rs 919.39 crore during the year 201819 excluding investment in JV companies amounting to Rs 58.20 crore.The Company is in process of augmenting its wind power generation capacity from 198.40 MW to 223.90 MW by adding another wind power project of capacity 25.5 MW at Kayathar Tamil Nadu at a capital expenditure of Rs 163 crore. The Company has 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 project is being executed in full swing.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 NINLs Coke Oven Plant. The Company has signed a MoU with Mishra Dhatu Nigam Ltd. MIDHANI for establishment of High End Aluminium Alloy Plant in JV mode for Defence Aerospace Automobi e Sectors. NITI Aayog has given clearance for the JV project in March 2019. NALCO has constituted a JV Company with M/s Mishra Dhatu Nigam Ltd. MIDHANI named Utkarsha Aluminium Dhatu Nigam Limited UADNL in August 2019 for establishment of high end Aluminium Alloy Plant for use in Defence Aerospace Automobile Sectors. The plant will be set up in Nellore district of Andhra Pradesh. The estimated project cost is Rs 4542 crore and expected commissioning by 202425.Joint Venture Company Khanij Bidesh India Limited KABIL has been formed amongst NALCO HCL and MECL in August 2019 for acquisition of some strategic minerals in overseas locations to promote Make in India initiative of Government of India. Study on 12 shortlisted minerals completed in December 2019.The achievement in CAPEX is Rs 868.74 crore during the year 201920 excluding investment in JV companies amounting to Rs 101.47 crore.During the FY2020 the 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. The company also bagged the award for Best Export Performance in the Dun Bradstreet PSU Awards 2019. The Company has received the EEPC Eastern Region Export Award for the year 201617 in a function held at Kolkata on 31.08.2019.
OrganisationNational Aluminium Company Ltd
HeadquartersBhubaneswar
IndustryNon Ferrous Metals