Nalco gains on inking MoU to explore possibility of forming JVC

19 Sep 2017 Evaluate

National Aluminium Company (Nalco) is currently trading at Rs. 83.00, up by 0.85 points or 1.03% from its previous closing of Rs. 82.15 on the BSE.

The scrip opened at Rs. 83.25 and has touched a high and low of Rs. 83.30 and Rs. 82.85 respectively. So far 29,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 85.40 on 13-Sep-2017 and a 52 week low of Rs. 42.95 on 29-Sep-2016.

Last one week high and low of the scrip stood at Rs. 85.40 and Rs. 79.05 respectively. The current market cap of the company is Rs. 16,062.00 crore.

The promoters holding in the company stood at 65.36%, while Institutions and Non-Institutions held 24.66% and 9.98% respectively.

Nalco has inked a MoU with Hindustan Copper and Mineral Exploration Corporation at Bhubaneswar on September 18, 2017, to explore the possibility of forming a Joint Venture Company (JVC). The MoU is to indentify, explore, acquire, develop, process, primarily strategic minerals overseas and sale of these materials in India and any other countries for commercial use. The MoU also envisage supplying these strategic minerals to India to meet the domestic requirement due to its non-availability in the country and giving a big push to ‘Make in India’.

National Aluminium Company (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.

National Aluminium Share Price

202.30 3.10 (1.56%)
10-Jan-2025 16:01 View Price Chart
Peers
Company Name CMP
National Aluminium 202.30
Maan Aluminium 124.30
Arfin India 33.39
Manaksia Aluminium 30.30
Century Extrusions 23.00
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