National Aluminium Company (NALCO) is currently trading at Rs. 50.20, up by 1.90 points or 3.93% from its previous closing of Rs. 48.30 on the BSE.
The scrip opened at Rs. 48.90 and has touched a high and low of Rs. 51.20 and Rs. 48.05 respectively. So far 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. 120.38 on 14-Mar-2011 and a 52 week low of Rs. 48.00 on 24-Nov-2011.
Last one week high and low of the scrip stood at Rs. 51.20 and Rs. 48.05 respectively. The current market cap of the company is Rs. 12,937.00 crore.
The promoters holding in the company stood at 87.15% while Institutions and Non-Institutions held 9.44% and 3.41% respectively.
In an effort of state-run National Aluminium Company failing to meet its February-end deadline set by the State Pollution Control Board (SPCB), the company is likely to face a strict action by the board. The pollution control board has given the deadline for the company to come out with an alternative ash pond for dumping its fly ash.
NALCO had sought time till April-end to complete the third ash pond for dumping of high density slurry for its 1,200 MW captive power plant. However, SPCB had insisted on sticking to the deadline of February-end next year.
Nalco owns 47 acres of land where it can dump the high density ash till their pipeline to the Talcher coal mine is completed. The company's smelter plant would have an irreparable impact if the pollution control board chooses to close the power plant as the smelter plant requires uninterrupted power supply round the clock to sustain itself.
Presently, NALCO manages to utilize half of the generated slurry for other purposes while the other half is released to ash pond. The company has acquired land near Balaramprasad village and is in advanced stage to prepare an ash pond. The company is also building a pipeline to dump ash in Bharatpur mines.
| Company Name | CMP |
|---|---|
| National Aluminium | 248.10 |
| Maan Aluminium | 145.40 |
| Arfin India | 34.85 |
| Manaksia Aluminium | 25.22 |
| Century Extrusions | 20.88 |
| View more.. | |
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