National Aluminium Company Ltd Share Price – NSE /  BSE

Non Ferrous Metals, Small Cap

National Aluminium Company announced the cessation of Dr. Veena Kumari Dermal from the position of part-time official director on board of the company with effect from 15 August 2024.

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National Aluminium Company announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.

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KABIL, is a joint venture company of the three Government enterprises i.e. NALCO, Hindustan Copper (HCL) and Mineral Exploration & Consultancy (MECL), under the aegis of Ministry of Mines, Government of India.

The MoU has been signed with the objective to collaborate, in existing and future projects of KABIL with the aim of strengthening and fostering connections in the exploration and exploitation of critical minerals.

The collaborative efforts and joint initiatives would be directed towards finding international critical mineral opportunities, comprehensive due-diligence of potential critical mineral opportunities and to co-invest in potential critical mineral projects, said the company.

Shri Sridhar Patra, CMD, NALCO and chairman, KABIL said, “This MoU opens a new chapter in the progress of KABIL, because the strengths of KABIL and OIL will synergise for opening new vistas in critical minerals exploration and exploitation in the country and abroad thereby taking a step forward in our journey of “Atma Nirbhar Bharat” and mineral securitization of the nation.”

National Aluminium Company (NALCO) is a schedule ‘A' Navratna CPSE established. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the country. At present, Government of India holds 51.28% of paid up equity capital.

Oil India is a state-owned Maharatna under the administrative control of India's Ministry of Petroleum and Natural Gas. As of 30 June 2024, the Government of India held 56.66% stake in the company.

Shares of NALCO slipped 2.46% to Rs 180.10 while those of Oil India fell 2.29% to Rs 709.85 on the BSE.

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National Aluminium Company Ltd gained for a fifth straight session today. The stock is quoting at Rs 185.68, up 0.08% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.32% on the day, quoting at 25098.9. The Sensex is at 81934.07, up 0.27%. National Aluminium Company Ltd has slipped around 3.13% in last one month.

Meanwhile, Nifty Metal index of which National Aluminium Company Ltd is a constituent, has slipped around 0.1% in last one month and is currently quoting at 9432.75, up 0.08% on the day. The volume in the stock stood at 74.25 lakh shares today, compared to the daily average of 170.6 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 186.15, up 0.27% on the day. National Aluminium Company Ltd is up 100.19% in last one year as compared to a 29.76% jump in NIFTY and a 42.68% jump in the Nifty Metal index.

The PE of the stock is 17.07 based on TTM earnings ending June 24.

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