National Aluminium Company is currently trading at Rs. 77.55, up by 2.20 points or 2.92% from its previous closing of Rs. 75.35 on the BSE.
The scrip opened at Rs. 75.75 and has touched a high and low of Rs. 77.75 and Rs. 73.75 respectively. So far 212735 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 79.35 on 27-Jan-2017 and a 52 week low of Rs. 29.75 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 79.35 and Rs. 73.75 respectively. The current market cap of the company is Rs. 19496.81 crore.
The promoters holding in the company stood at 74.58%, while Institutions and Non-Institutions held 16.49% and 8.93% respectively.
National Aluminium Company (NALCO) has inked an MoU with Neelachal Ispat Nigam (NINL) to set up a joint venture (JV) company for producing coal tar pitch in Odisha. The agreement is part of the new business plan of NALCO to ensure backward integration and sustain the plans for forward integration.
Under the JV, the coal tar distillation plant that is proposed to be set up, will use the coal tar generated from NINL’s coke oven plant at its 1.1 million tonne per annum integrated iron and steel plant at Kalinga Nagar in Duburi. NINL will be preparing a techno-economic feasibility report for the JV project.
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.