Nalco shines on plan to increase aluminium production

National Aluminium Company is currently trading at Rs. 44.30, up by 1.65 points or 3.87% from its previous closing of Rs. 42.65 on the BSE. The scrip opened at Rs. 42.50 and has touched a high and low of Rs. 45.25 and Rs. 42.50 respectively. So far 6,38,000 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 45.25 on 15-May-2014 and a 52 week low of Rs. 24.10 on 06-Aug-2013. Last one week high and low of the scrip stood at Rs. 45.25 and Rs. 38.15 respectively. The current market cap of the company is Rs. 11,391.00 crore. The promoters holding in the company stood at 81.06% while Institutions and Non-Institutions held 14.02% and 4.92% respectively. National Aluminium Company (Nalco) is planning to increase aluminium production. In this regard, the company has reopened 10 aluminium-producing pots at its Angul smelter in Odisha last week. Last fiscal Nalco had reduced its capacity utilization by one third due to sluggish aluminium market and lower LME realization and coal shortage. It had shut down 329 of its total 960 pots or 4.6 lakh tonnes a year of its smelter. Now operational pot numbers have gone up to 641. A Nalco pot can produce 1.37 tonnes a day. 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 in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.