Business Update Positive

2026-11-09 12:14

Current Performance & Operations - H1 FY27 registered record high revenue of ₹11,143 Cr, EBITDA of ₹5,539 Cr, and PAT of ₹3,837 Cr (up 54% YoY). - Cash balance stands at approximately ₹12,000 Cr as of H1, expected to remain around ₹12,000 Cr by fiscal year end. - Utkal coal mine target maintained at 4.8 million tonnes for the year, with 2.1 million tonnes produced in H1. Management Guidance & Outlook - Alumina production guided at 2.40–2.45 million tonnes for FY27. - Alumina export realizations expected at $370–$380/tonne in H2. - H2 margins expected to remain stable, supported by ~₹300–₹350 Cr in operational benefits and higher volumes from the new refinery. - Cost pressures from caustic soda and CP coke expected to be mitigated by operational efficiencies during the dry season. Capex & Expansion Projects - 5th Stream refinery (1 MTPA) is 90–92% complete; integrated trials and production start targeted for late December 2026 or early January 2027. - Pottangi bauxite mine clearances and issues expected to be resolved in 2–3 months; 18-km conveyor to take 2–2.5 years. - Brownfield smelter expansion (₹17,000–₹18,000 Cr) DPR expected in Jan–Feb, package placement by late 2027, and mechanical completion by Dec 2030. - Total FY27 Capex guided to exceed ₹1,800 Cr (~₹800 Cr spent in H1).

Business Update Positive

2026-11-09 12:10

Financial & Operational Performance - Reported all-time high H1 FY27 performance with revenue of ₹11,143 Cr, EBITDA of ₹5,539 Cr, and PAT of ₹3,837 Cr (up 54% YoY). - Q2 FY27 PAT rose 28% YoY to ₹1,835 Cr, with robust cash and bank balances maintained around ₹12,000 Cr. - Cost pressures in H1 were driven by raw material inflation (caustic soda, CP coke) and fuel oil/external power usage due to coal rake availability issues. Capex & Capacity Expansion - 5th Stream Alumina Refinery is 90-92% physically complete; trials and production start targeted for late December 2026 or early January 2027, adding 0.75-0.8 MT next year. - Brownfield Smelter Expansion (~₹17,000-18,000 Cr) and 50:50 power JV with NLC (~₹25,000 Cr total) are on schedule; DPR to be finalized by Feb 2027 with major ground capex commencing in FY29. - Full-year FY27 capex is projected to exceed ₹1,800 Cr (H1 capex was ~₹800 Cr). Raw Material & Mining Outlook - Pottangi bauxite mine issues are actively being resolved with state authorities; long-distance 18 km conveyor to be completed in 2-2.5 years, with road transport used initially. - Utkal D coal block is on track to produce 4.8 MT in FY27 (H1 output stood at ~2.1 MT), securing fuel requirements and minimizing high-cost e-auction purchases. Management Guidance & Margin Outlook - Full-year alumina production guidance maintained at 2.4 - 2.45 MT. - Spot alumina realizations expected around $370-$380/t in H2, with margins remaining stable to positive, aided by ~₹300-350 Cr in operational and techno-economic cost savings.

Business Update Positive

2026-11-04 21:19

NALCO's proposed Smelter Expansion Project at Anugola to augment smelting capacity by 0.5 MTPA has gained momentum with key approvals and partnerships. - Approved investment of approximately ₹30,000 crore to nearly double existing capacity to ~1.0 MTPA. - Technology partnership with Emirates Global Aluminium (EGA) and 50:50 JV with NLC India Limited for a 1,080 MW captive power plant. - Commissioning targeted during 2030-31.

Business Update Positive

2026-11-04 21:17

- National Aluminium Company Limited (NALCO) is progressing with its brownfield Smelter Expansion Project at Anugola, Odisha, aiming to add 0.5 MTPA capacity to reach ~1.0 MTPA. - The approved investment for the project is approximately ₹30,000 crore. - Key partnerships include technology licensing with Emirates Global Aluminium (EGA) and a 50:50 JV with NLC India Limited for a 1,080 MW captive thermal power plant, alongside 200-250 MW of renewable energy. - The expansion project is targeted for commissioning during 2030-31.

Business Update Neutral

2026-11-03 15:27

- National Aluminium Company Limited conducted an Earnings Conference Call on November 3, 2026, to discuss business and outlook post Q2 FY27 results. - Audio recording of the concall is accessible on the company's website. - The transcript of the call will be submitted separately.

Business Update Neutral

2026-11-03 15:21

- National Aluminium Company held its Earnings Conference Call on November 03, 2026, regarding Q2 & H1 FY27 results. - Audio recording of the call is hosted on the company's website. - Transcript of the call will be intimated separately.

Business Update Neutral

2026-11-03 09:18

- Q2 FY27 Revenue from Operations rose 26.3% YoY to ₹5,419 Cr. - PAT increased 28.1% YoY to ₹1,835 Cr vs ₹1,433 Cr in Q2 FY26. - LME Aluminium price projected to average $2,950–$3,150/t in Q4 2026. - Domestic aluminium demand expected to grow at 6–8% CAGR through 2030.

Business Update Neutral

2026-11-03 09:14

- Q2 FY27 Revenue from Operations rose 26.3% YoY to ₹5,419 Cr vs ₹4,292 Cr. - Net Profit (PAT) grew 28.1% YoY to ₹1,835 Cr compared to ₹1,433 Cr. - Metal sales reached 121,000 tonnes during the quarter. - LME aluminium price outlook for Q4 2026 projected at $2,950–$3,150/t.

Business Update Positive

2026-11-03 08:10

- H1 FY27 Net Profit surged 54% YoY to ₹3,837 Cr; Total Income rose 33% to ₹11,143 Cr. - Q2 FY27 Net Profit grew 28% YoY to ₹1,835 Cr with revenue of ₹5,419 Cr. - Declared an interim dividend of ₹4.50 per equity share (90%). - 5th Stream Alumina Refinery expansion is at an advanced stage of commissioning.

Financials Positive

2026-11-03 08:07

- Q2 FY27 Total Income grew 26% YoY to ₹5,419 Cr; Net Profit rose 28% YoY to ₹1,835 Cr. - H1 FY27 Net Profit surged 54% YoY to ₹3,837 Cr alongside record production and sales. - Board declared an interim dividend of ₹4.50 per share (90%). - 5th Stream Alumina Refinery expansion is in advanced commissioning.

Financials Positive

2026-11-02 21:48

Q2 FY27 Standalone Revenue ₹5,419.44Cr vs ₹4,292.34Cr (▲26.3% YoY) EBITDA ₹2,410.56Cr vs ₹1,925.87Cr (▲25.2% YoY) PAT ₹1,835.09Cr vs ₹1,433.17Cr (▲28.0% YoY) EBITDA Margin 44.5% vs 44.9% (▼39bps) Declared Interim Dividend of ₹4.50 per share (90% of face value of ₹5 each) for FY 2026-27; Record Date fixed as November 6, 2026.

Financials Positive

2026-11-02 21:41

Q2 FY27 Consolidated Revenue ₹5,419.44Cr vs ₹4,292.34Cr (▲26.3% YoY) EBITDA ₹2,410.52Cr vs ₹1,922.64Cr (▲25.4% YoY) PAT ₹1,835.05Cr vs ₹1,429.94Cr (▲28.3% YoY) EBITDA Margin 44.5% vs 44.8% (▼31bps) Declared Interim Dividend of ₹4.50 per share (90% of FV ₹5) for FY 2026-27 with Record Date of November 6, 2026

Financials Positive

2026-11-02 21:41

Q2 FY27 Standalone Revenue ₹5,419.44Cr vs ₹4,292.34Cr (▲26.3% YoY) EBITDA ₹2,410.56Cr vs ₹1,925.87Cr (▲25.2% YoY) PAT ₹1,835.09Cr vs ₹1,433.17Cr (▲28.0% YoY) EBITDA Margin 44.5% vs 44.9% (▼40bps) Declared Interim Dividend of ₹4.50 per share (90% on FV of ₹5); Record Date is November 6, 2026

Financials Positive

2026-11-02 21:41

Q2 FY27 Standalone Revenue ₹5,419Cr vs ₹4,292Cr (▲26% YoY) EBITDA ₹2,411Cr vs ₹1,926Cr (▲25% YoY) PAT ₹1,835Cr vs ₹1,433Cr (▲28% YoY) EBITDA Margin 44.5% vs 44.9% (▼39bps) Declared Interim Dividend of ₹4.50 per share (90% on FV of ₹5); Record date is November 6, 2026

Financials Positive

2026-11-02 21:39

Q2 FY27 Standalone Revenue ₹5,419Cr vs ₹4,292Cr (▲26% YoY) EBITDA ₹2,411Cr vs ₹1,926Cr (▲25% YoY) PAT ₹1,835Cr vs ₹1,433Cr (▲28% YoY) EBITDA Margin 44.5% vs 44.9% (▼40bps) Interim Dividend: ₹4.50 per share (90% on FV ₹5); Record date fixed as November 6, 2026

Financials Positive

2026-11-02 21:31

Q2 FY27 Standalone Revenue ₹5,419Cr vs ₹4,292Cr (▲26% YoY) EBITDA ₹2,411Cr vs ₹1,926Cr (▲25% YoY) PAT ₹1,835Cr vs ₹1,433Cr (▲28% YoY) EBITDA Margin 44.5% vs 44.9% (▼40bps) Board declared interim dividend of ₹4.50 per equity share (90% on face value of ₹5), with Record Date fixed as November 6, 2026.

Financials Positive

2026-11-02 21:31

Q2 FY27 Consolidated Revenue ₹5,419Cr vs ₹4,292Cr (▲26% YoY) EBITDA ₹2,411Cr vs ₹1,923Cr (▲25% YoY) PAT ₹1,835Cr vs ₹1,430Cr (▲28% YoY) EBITDA Margin 44.5% vs 44.8% (▼31bps) Declared Interim Dividend of ₹4.50 per share (90% on face value of ₹5 each) for FY 2026-27.

Business Update Neutral

2026-10-28 15:19

Concall Schedule Concall Date: 3rd November 2026 Concall Time: 10:30 AM (IST)

Business Update Neutral

2026-10-28 15:16

Concall Schedule Concall Date: 3rd November 2026 Concall Time: 10:30 AM (IST)

Governance Positive

2026-10-22 16:28

- Board meeting scheduled on November 02, 2026. - To consider unaudited standalone and consolidated financial results for Q2 and H1 ended September 30, 2026. - To consider payment of interim dividend for FY 2026-27. - Trading window closed until November 04, 2026.

Governance Negative

2026-10-13 16:18

CRITICAL RED FLAG DETECTED

- National Aluminium Company Limited (NALCO) received a fine of ₹14,13,340 each from BSE and NSE for non-compliance with SEBI (LODR) Regulations regarding the composition of the Board and committees for the quarter ended 30.06.2026. - The company has clarified to the exchanges and informed the Ministry of Mines that NALCO is a Central Public Sector Enterprise (CPSE) where the appointment of directors rests with the Government of India. - The Board of Directors in its 371st meeting held on 25.09.2026 requested the exchanges to condone the non-compliance and waive the penalty as the matter is beyond the company's control.

Governance Neutral

2026-10-13 16:17

- Exchanges levied a fine of ₹14,13,340 each on NALCO for non-compliance with SEBI LODR regulations regarding board composition for the quarter ended 30.06.2026. - NALCO informed the exchanges and the Ministry of Mines that being a CPSE, director appointments are vested with the Government of India and beyond the company's control. - The Board requested the exchanges to condone the non-compliance and waive the imposed penalties.

Governance Neutral

2026-09-30 18:29

- National Aluminium Company Ltd has informed about the superannuation of Shri J. Rajesh Kapoor, Executive Director I/c. (Materials) (Senior Management), effective from 30.09.2026.

Business Update Positive

2026-09-28 19:09

- National Aluminium Company Limited (NALCO) showcased investment opportunities at the Angul Aluminium Park during an Investor Roadshow in Kolkata. - NALCO paid a highest-ever total dividend of ₹2,112.12 crore for FY 2025-26, which includes ₹1,083.06 crore paid to the Government of India. - The company reported a robust Profit After Tax (PAT) of ₹5,815.76 crore for FY 2025-26. - NALCO will provide 50,000 tonnes of hot metal annually at a discounted rate to support downstream manufacturing at the Angul Aluminium Park.

Business Update Positive

2026-09-28 19:08

- NALCO paid its highest-ever total dividend of ₹2,112.12 crore for FY 2025-26, which includes ₹1,083.06 crore paid to the Government of India. - The company reported a Profit After Tax (PAT) of ₹5,815.76 crore for FY 2025-26. - NALCO organized an investor roadshow in Kolkata to showcase investment opportunities at the Angul Aluminium Park, offering 50,000 tonnes of hot metal annually at a discounted rate.

Governance Neutral

2026-09-25 22:33

National Aluminium Company Limited (NALCO) has announced the promotion of five senior executives to the position of Executive Director (Senior Management). - Shri Srimanta Panda promoted from CGM I/c (Finance) to Executive Director. - Shri Siddhartha Das promoted from CGM (Materials) to Executive Director. - Shri Sanjay Gupta promoted from CGM I/c (Finance) to Executive Director. - Shri Pramath Kumar Mohanty promoted from CGM I/c (Production) to Executive Director. - Shri Pranab Kumar Das promoted from CGM I/c (S&P) to Executive Director.

Governance Neutral

2026-09-25 22:31

- National Aluminium Company Ltd announced the promotion of five executives to the position of Executive Director (Senior Management). - The promoted executives are Shri Srimanta Panda, Shri Siddhartha Das, Shri Sanjay Gupta, Shri Pramath Kumar Mohanty, and Shri Pranab Kumar Das.

Routine Neutral

2026-09-23 14:33

- The trading window for dealing in company securities will close for insiders from October 1, 2026. - It will reopen 48 hours after the declaration of unaudited financial results for Q2 and H1 ending September 30, 2026. - The closure is as per SEBI Insider Trading Regulations.

Routine Neutral

2026-09-23 14:26

- National Aluminium Company Limited (NALCO) announced the closure of its trading window from October 1, 2026. - The window will remain closed for Insiders until 48 hours after the declaration of Q2 and half-year financial results for FY2026-27, ending September 30, 2026.

Governance Neutral

2026-09-14 19:36

- National Aluminium Co. Ltd. (NALCO) announced the appointment of M/s. B M Chatrath & Co. LLP and M/s. SRB & Associates as Joint Statutory Auditors for the financial year 2026-27. - The appointment was made by the C&AG and is effective from September 7, 2026.

Governance Neutral

2026-09-14 19:33

- National Aluminium Co. Ltd. announced the appointment of M/s. B M Chatrath & Co. and M/s. SRB & Associates as Joint Statutory Auditors for the financial year 2026-27. - The appointment was made on September 07, 2026, by C&AG.

Business Update Positive

2026-09-14 19:02

- NALCO is scheduled to present at an Analyst/Institutional Investors Meet hosted by Antique Stock Broking on September 16, 2026. - The presentation highlights the company's physical performance and sales for FY 2025-26. - For FY 2025-26, NALCO achieved highest ever production in Bauxite Excavation (77.01 LT), Bauxite Transportation (77.07 LT), Alumina Hydrate (23.00 LT), Calcined Alumina (22.75 LT), Cast Metal (4.72 LT), Net Generation (6,953 MU), and Coal Production (40 LT). - Additionally, NALCO recorded highest ever sales for FY 2025-26 in Total Alumina (14.46 LT), Domestic Alumina (1.38 LT), and Aluminium Metal (4.74 LT). - The company stated that no Unpublished Price Sensitive Information (UPSI) is included or will be discussed in the presentation.

Governance Neutral

2026-09-14 18:58

CRITICAL RED FLAG DETECTED

- The 45th Annual General Meeting (AGM) of the Company was held on Monday, 31st August, 2026, from 11:00 a.m. to 12:50 p.m. via Video Conferencing. - Members adopted the audited financial statements for the financial year ended 31st March, 2026. - The payment of 1st, 2nd, and 3rd Interim dividends was confirmed, and a final dividend of Re.1/- per equity share was declared, making a total dividend of Rs.11.50/- per share for FY 2025-26. - Shri Jagdish Arora was re-appointed as Director (Projects & Technical). - Shri Anil Kumar Singh was appointed as Director (Commercial). - Dr. Veena Kumari Dermal was appointed as Part-time Official Director. - The remuneration of Cost Auditors for FY 2026-27 was ratified. - Shri Neeraj was appointed as Part-time Non-official (Independent) Director.

Business Update Positive

2026-09-14 18:54

- NALCO announced an Analyst/Institutional Investors Meet on Sep 16, 2026, hosted by Antique Stock Broking. - Presentation highlights FY2025-26 with highest-ever production and sales achieved. - No Unpublished Price Sensitive Information (UPSI) will be discussed.

Business Update Neutral

2026-09-08 13:09

- Investor Meet Schedule - Investor Meet Date: Wednesday, 16th September, 2026 - Investor Meet Time: 10:00 a.m. to 12:00 p.m. - Venue: Salon Pompadour, Sofitel Mumbai BKC - Hosted by: Antique Stock Broking

Business Update Neutral

2026-09-08 13:08

- Investors' Meet Schedule - Concall Date: Wednesday, 16th September, 2026 - Concall Time: 10:00 a.m. to 12:00 p.m.

Business Update Positive

2026-09-07 15:13

- NALCO signed a technology partnership agreement with Emirates Global Aluminium (EGA). - The agreement is for the deployment of EGA's DX+ Ultra aluminium smelting technology. - This will facilitate NALCO's 0.5 million TPA brownfield smelter expansion project at Anugola, Odisha, aiming for a total capacity of approximately 1 million TPA.

Business Update Positive

2026-09-07 15:10

- NALCO signed a technology partnership agreement with Emirates Global Aluminium (EGA). - This agreement is for deploying EGA's DX+ Ultra aluminium smelting technology for NALCO's 0.5 million TPA brownfield smelter expansion project at Anugola, Odisha. - The expansion will add 0.5 million TPA, bringing NALCO's total aluminium production capacity to approximately 1 million TPA, aiming for higher productivity and improved energy performance.

Governance Positive

2026-08-31 20:31

- NALCO held its 45th Annual General Meeting (AGM) on August 31, 2026. - The company reported record operational and financial performance for FY 2025-26, achieving highest-ever Revenue, PBT, and PAT. - Shareholders approved a final dividend of ₹1.00 per equity share, in addition to interim dividends of ₹10.50 per share for FY26. - NALCO highlighted a favorable demand outlook for aluminium and outlined ambitious expansion plans for its refinery, mines, and smelter.

Business Update Positive

2026-08-31 20:30

- NALCO announced record operational and financial performance for FY 2025-26, achieving highest-ever Revenue, PBT, and PAT at its 45th AGM. - Shareholders approved a final dividend of ₹1.00 per equity share. - The company outlined ambitious expansion plans and maintained a positive outlook for aluminium demand.

Governance Neutral

2026-08-31 20:01

- Disclosure of voting results for NALCO's 45th Annual General Meeting held on August 31, 2026. All resolutions proposed, including adoption of financial statements, dividend declaration, re-appointment and appointment of directors, and ratification of cost auditors' remuneration, were passed by shareholders.

Governance Neutral

2026-08-31 19:58

- Shri V. S. Rao Amperayani, Executive Director (PF) and Senior Executive (one level below the Board of Directors), has superannuated. - The superannuation was effective on August 31, 2026.

Governance Neutral

2026-08-31 19:55

- Shri V. S. Rao Amperayani, Executive Director (PF), has superannuated from the Senior Management of National Aluminium Co. Ltd. - The superannuation is effective from August 31, 2026.

Governance Negative

2026-08-31 17:35

CRITICAL RED FLAG DETECTED

- Summary of proceedings of the 45th Annual General Meeting held on August 31, 2026, through video conferencing. - Shareholders adopted audited financial statements for FY ended March 31, 2026, confirmed interim, and declared final dividends. - Re-appointment of Shri Jagdish Arora and appointment of Shri Anil Kumar Singh, Dr. Veena Kumari Dermal, and Shri Neeraj as Directors were approved.

Governance Negative

2026-08-26 11:22

CRITICAL RED FLAG DETECTED

- NSE imposed a fine of ₹14,31,340/- on National Aluminium Company Limited for non-compliance with various provisions of SEBI LODR Regulations for the quarter ended June 30, 2026. The company is in the process of representing its position to NSE.

Governance Negative

2026-08-26 11:21

CRITICAL RED FLAG DETECTED

- NSE imposed a fine of ₹14,31,340/- on National Aluminium Company Ltd. for non-compliance with SEBI LODR Regulations (multiple sections) for the quarter ended June 30, 2026. The company received the notice on August 25, 2026, and is representing its position.

Governance Negative

2026-08-25 19:51

CRITICAL RED FLAG DETECTED

- NALCO received a notice from BSE regarding non-compliance with SEBI LODR Regulations for the quarter ended June 30, 2026. - A fine of ₹14,31,340 (including GST) has been imposed by BSE for these non-compliances.

Governance Negative

2026-08-25 19:50

CRITICAL RED FLAG DETECTED

- NALCO received a notice from BSE regarding non-compliance with SEBI (LODR) Regulations, 2015, for the quarter ended June 30, 2026. - A fine of ₹14,31,340/- (including 18% GST) has been imposed by BSE. - The company is in the process of representing its position to BSE.

Governance Neutral

2026-08-18 10:42

- NALCO announced the appointment of Shri Neeraj (DIN:11893986) as a Part-time Non-official (Independent) Director on its Board. His appointment is effective from August 14, 2026, for a period of three years.

Governance Neutral

2026-08-18 10:40

- Shri Neeraj (DIN:11893986) appointed as Part-time Non-official (Independent) Director on the Board of NALCO. - Appointment effective from 14.08.2026 for a period of three years.

Governance Neutral

2026-08-14 20:07

- NALCO announced the appointment of Shri Neeraj as a Part-time Non-official (Independent) Director on its Board. - The appointment, made by the Ministry of Mines, Govt. of India, is effective from August 14, 2026.

Governance Neutral

2026-08-14 20:05

- NALCO announced the appointment of Shri Neeraj as a Part-time Non-official (Independent) Director. - The appointment is effective from August 14, 2026, as per an order from the Ministry of Mines.

Business Update Neutral

2026-08-12 14:53

- NALCO observed significant share price movement on August 12, 2026. - The company found no NALCO-specific information in mainstream media. - Noted a news article about M/s. Norsk Hydro curtailing refinery capacity by 50%, which might have triggered the price movement. - NALCO clarified there are no further events, information, or announcements requiring disclosure under SEBI (LODR) Regulations, 2015.

Routine Neutral

2026-08-12 14:50

- NALCO observed significant share price movement on August 12, 2026. - The company states there is no undisclosed material information requiring disclosure under Regulation 30 of SEBI (LODR). - They speculate external news regarding Norsk Hydro's refinery curtailment might have triggered the movement. - This is a voluntary disclosure for transparency.

Business Update Positive

2026-08-07 18:02

- NALCO filed its Business Responsibility and Sustainability Report for FY 2025-26. - Achieved 100% compliance with all statutory requirements and reported zero fatalities across operations. - Ash utilisation exceeded targets (108.78% & 100.89%). - CSR expenditure for the year was 31.7% higher YoY, amounting to ₹80.77 Cr against an obligation of ₹79.13 Cr.

Business Update Positive

2026-08-05 16:36

- The Q1 FY27 earnings call highlighted a robust performance with total income growing ~39% YoY to ₹5,400 crores. - PBT grew ~88% YoY and EBITDA grew ~78% YoY, achieving the best Q1 profitability for the company. - Best ever production in bauxite, hydrate, and wind power for Q1 FY27 was achieved. - **5th Stream Alumina Refinery Expansion**: Mechanical completion is targeted by September-end, with production expected to start November-December 2026, contributing ~2 lakh tons of alumina this fiscal year. Full 1 million ton capacity will be added by FY27-28, taking total capacity to 3.1-3.3 million tons. The cost of production for the new refinery is expected to be similar to existing plants due to new technology. - **Smelter & Power Plant Expansion**: A 0.5 million ton smelter and 1,000 MW power plant project is targeted for completion by December 2030, with a total capex of ~₹24,000 crores by FY30-31. Major capex will commence from FY28. The power plant will be a JV with Neyveli Lignite. - **Raw Material Costs & Pricing Outlook**: Raw material costs (caustic soda, CP coke, HFO) increased by ₹15,000-16,000 per ton of metal in Q1. This is being offset by higher alumina spot prices, currently at ~$370/ton (vs Q1 average ~$323/ton) due to global supply restrictions. Aluminum LME prices have cooled to ~$3,200/ton from ~$3,500-3,700/ton in Q1. - **Sales & Production Guidance**: Targeting 1.6 million tons of alumina sales in FY27 (up from 1.4 million tons in FY26). Captive coal production is targeted at 4.8 million tons for FY27. - **Financial Strength**: The company maintains a zero-debt status with a net cash balance of ~₹10,500 crores as of June 30, 2026, expecting to add over ₹3,500 crores to cash annually from projected PAT of ₹6,000+ crores. - **FY27 Capex**: Expected to be around ₹1,500-1,800 crores.

Business Update Neutral

2026-08-03 19:18

- Audio recording of the Earnings Conference Call held on August 03, 2026, is available for discussion on business and outlook post Q1FY27 unaudited financial results. - No Unpublished Price Sensitive Information (UPSI) was shared during the call. - Link: https://nalcoindia.com/wp-content/uploads/2026/08/Audio-recording-of-the-Earnings-Conference-Call-held-on-03.08.2026.mp3

Financials Positive

2026-08-03 09:35

- Consolidated Revenue ₹5,302 Cr vs ₹3,807 Cr (▲39.27% YoY) - EBITDA ₹2,881 Cr vs ₹1,615 Cr (▲78.39% YoY) - PAT ₹2,002 Cr vs ₹1,064 Cr (▲88.16% YoY) - EBITDA Margin 54.34% vs 42.42% (▲1192 bps)

Financials Positive

2026-07-31 22:09

- Consolidated Revenue ₹5302.38Cr vs ₹3814.66Cr (▲39% YoY) - PAT ₹2002.38Cr vs ₹1063.86Cr (▲88% YoY) - Company set new Q1 records in Bauxite Excavation, Calcined Alumina Production, and Alumina/Hydrate Sales. - Board recommended a final dividend of Re.1/- per equity share for FY 2025-26.

Financials Positive

2026-07-31 21:19

- Consolidated Revenue ₹5,302.38Cr vs ₹3,806.94Cr (▲39.28% YoY) - EBITDA ₹2,708.26Cr vs ₹1,477.76Cr (▲83.28% YoY) - PAT ₹2,003.14Cr vs ₹1,049.48Cr (▲90.87% YoY) - EBITDA Margin 51.08% vs 38.82% (▲1226bps) - Board recommended a final dividend of ₹1.00 per share (20% on face value of ₹5/-) for FY 2025-26. - The 45th Annual General Meeting (AGM) will be held on Monday, August 31, 2026, at 1100 hours. - M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co appointed as Cost Auditors for FY 2026-27.

Financials Positive

2026-07-31 21:15

- Consolidated Revenue ₹5,302.38 Cr vs ₹3,806.94 Cr (▲39.28% YoY) - EBITDA ₹2,708.26 Cr vs ₹1,477.76 Cr (▲83.27% YoY) - PAT ₹2,003.14 Cr vs ₹1,049.48 Cr (▲90.87% YoY) - EBITDA Margin 51.08% vs 38.82% (▲1226 bps) - Board recommended a final dividend of ₹1.00/- per share for FY 2025-26, in addition to ₹10.50/- interim dividends already paid. - The 45th Annual General Meeting (AGM) will be held on Monday, August 31, 2026. - Appointed M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co as Cost Auditors for FY 2026-27.

Financials Positive

2026-07-31 21:09

- Consolidated Revenue ₹5,302.38 Cr vs ₹3,806.94 Cr (▲39.3% YoY) - EBITDA ₹2,880.80 Cr vs ₹1,615.65 Cr (▲78.3% YoY) - PAT ₹2,003.14 Cr vs ₹1,049.48 Cr (▲90.9% YoY) - EBITDA Margin 54.3% vs 42.4% (▲1189bps) - Board recommended a final dividend of ₹1.00 per share for FY 2025-26, bringing the total dividend for FY 2025-26 to ₹11.50 per share. - The 45th Annual General Meeting (AGM) will be held on Monday, August 31, 2026. - M/s. Tanmaya S. Pradhan & Co and M/s. S Dhal & Co were appointed as Cost Auditors for FY 2026-27.

Financials Positive

2026-07-31 21:06

- Consolidated Revenue ₹5,302.38 Cr vs ₹3,806.94 Cr (▲39.28% YoY) - EBITDA ₹2,708.26 Cr vs ₹1,477.76 Cr (▲83.27% YoY) - PAT ₹2,003.14 Cr vs ₹1,049.48 Cr (▲90.87% YoY) - EBITDA Margin 51.08% vs 38.82% (▲1226 bps)

Governance Negative

2026-07-29 18:09

CRITICAL RED FLAG DETECTED

- Fine of ₹5,31,000 (including GST) each from BSE and NSE for non-compliance with SEBI (LODR) Regulation 17(1) due to absence of requisite Independent Directors for the quarter ended 31.03.2026. - NALCO, a CPSE, states that the appointment of Directors is vested with the President of India, and the company has no control over it. - The Board, in its 369th meeting on 14.07.2026, advised requesting a waiver of the fine and seeking early appointment of Independent Directors from the Administrative Ministry.

Business Update Neutral

2026-07-28 17:06

- Concall Schedule - Concall Date: August 3, 2026 - Concall Time: 10:30 AM (IST) - Purpose: Discussion on the Company's business and outlook following the declaration of Unaudited Financial Results for the quarter ended June 30, 2026 (Q1FY27).

Routine Neutral

2026-07-08 18:48

New Filing detected. See link for details.

Business Update Positive

2026-07-08 17:32

- NALCO signed a Joint Venture Agreement with NLC India Limited (NLCIL) on 08.07.2026. - The JV is for the development of a 1,080 MW (4x270 MW) Thermal Captive Power Plant in Angul, Odisha, on a 50:50 equity basis. - The plant will meet NALCO's captive power requirement for its Aluminium Smelter Expansion Project and secure long-term coal/RE supply.

Routine Neutral

2026-06-22 11:46

- Trading window for dealing in company securities will close from July 1, 2026. The closure is in pursuance of SEBI (PIT) Regulations, 2015. It will remain closed until 48 hours after the declaration of Q1 FY27 unaudited financial results (for the quarter ended June 30, 2026).

Business Update Neutral

2026-06-10 18:51

- Investor Meet Schedule - Event: Systematix Promoters & Founders Forum 2026 - Date: 16th June, 2026 - Place: Mumbai

Governance Neutral

2026-05-31 18:41

National Aluminium Co. Ltd. (NALCO) informed about the superannuation of Shri Sachidananda Jena, Executive Director (S&P), effective May 31, 2026. This is a routine change in senior management, one level below the Board of Directors.

Governance Negative

2026-05-28 12:16

CRITICAL RED FLAG DETECTED

National Aluminium Company Limited (NALCO) received notices from BSE and NSE regarding non-compliance with Regulation 17(1) of SEBI LODR for the quarter ended March 31, 2026. As a result, BSE and NSE have each imposed a fine of ₹5,31,000, leading to a total financial implication of ₹10,62,000 (including 18% GST) on the company. NALCO is in the process of representing its position to the exchanges.

Business Update Positive

2026-05-04 18:39

Management guided for FY27 alumina production/sales of approximately 25 lakh tons (▲2 lakh tons YoY) driven by the commissioning of the 5th stream refinery starting in June. Metal production is targeted at around 4.73 lakh tons. The average alumina pricing for FY27 is expected to be $300-$310/ton, while aluminium prices are anticipated to average around $3,000/ton. Overall margins are projected to increase, supported by better aluminium margins. A new aluminium smelter and power plant (total investment ~INR30,000 crores) is planned with commissioning by Dec 2030/early 2031, with INR4,000-5,000 crores capex in FY27-28 and peaking at INR8,000-10,000 crores in FY28-29/FY29-30, partly through a JV. Employee costs per ton are expected to decrease. The company plans a new wire rod mill for value-added products.

Governance Neutral

2026-05-04 17:32

NALCO announced the appointment of Dr. Veena Kumari Dermal, IPoS (DIN: 08890469), Additional Secretary, Ministry of Mines, as a Part-time Official Director on its Board, effective May 4, 2026. She replaces Shri Sanjay Lohiya, IAS. Her brief profile and the updated list of Board of Directors are also provided.

Business Update Neutral

2026-04-30 20:42

National Aluminium Co. Ltd. announced the audio recording of its Earnings Conference Call held on April 30, 2026, is available online. The call discussed the company's business and outlook post Q4 and FY26 audited financial results. No Unpublished Price Sensitive Information was shared during the call. The transcript will be intimated separately.

Governance Neutral

2026-04-30 18:58

National Aluminium Co. Ltd. announced that two Senior Executives, Shri Vedula Surendra Sai Anand (Executive Director - Projects) and Shri Satyabadi Mishra (Executive Director - CPP), have superannuated from their positions effective April 30, 2026. This change in senior management is in compliance with SEBI (LODR) Regulations, 2015.

Routine Neutral

2026-04-30 17:47

New Filing detected. See link for details.

Routine Neutral

2026-04-30 17:27

New Filing detected. See link for details.

Routine Neutral

2026-04-30 14:57

New Filing detected. See link for details.

Routine Neutral

2026-04-30 14:53

New Filing detected. See link for details.

Routine Neutral

2026-04-30 14:50

New Filing detected. See link for details.

Financials Neutral

2026-04-27 15:17

NALCO announced an Earnings Conference Call on April 30, 2026, at 6:00 PM (IST) to discuss its Audited Financial Results for the quarter and year ended March 31, 2026.

Business Update Positive

2026-04-02 19:24

NALCO announced historic FY26 performance, setting new benchmarks in production and sales. The company achieved highest-ever Bauxite Excavation (77.01 Lakh Tonne), Alumina Hydrate (23.00 Lakh Tonne), and Cast Metal (4.72 Lakh Tonne). Total alumina sales grew 30.74% and total aluminium sales grew 2.82% year-on-year.

Governance Neutral

2026-04-02 16:50

Shri Sanjay Lohiya, IAS, ceases to be a Part-time Official Director on NALCO's Board, effective April 1, 2026. This follows his reassignment from the Ministry of Mines to Special Secretary, Department of Financial Services, Ministry of Finance.

Governance Neutral

2026-03-31 18:57

National Aluminium Co. Ltd. announced the cessation of tenure for three Independent Directors: Ms. Trupti Kamlesh Patel, Dr. Ajay Narang, and Shri Patel Sanjaykumar. Their terms concluded, and they ceased to be Independent Directors of the company effective March 31, 2026.

Routine Neutral

2026-03-23 16:08

National Aluminium Co. Ltd. announced the closure of its trading window from April 1, 2026, until 48 hours after the declaration of Q4 and FY26 audited financial results, as per SEBI Insider Trading Regulations.

Governance Negative

2026-03-17 18:35

CRITICAL RED FLAG DETECTED

National Aluminium Co. Ltd. (NALCO) received notices dated 27.02.2026 from BSE and NSE imposing a fine of Rs. 5,42,800/- each for non-compliance with SEBI (LODR) Regulation 17(1) regarding the inadequate number of Independent Directors for the quarter ended 31.12.2025. NALCO, a CPSE, is requesting a waiver as director appointments are by the President of India.

Governance Neutral

2026-03-07 11:42

NALCO announced on March 7, 2026, the promotion of nine executives to Executive Director (Senior Management) positions, in compliance with SEBI (LODR) Regulations, 2015.

Governance Positive

2026-03-07 09:40

NALCO announced the promotion of nine executives, including Shri Satyabadi Mishra, Shri Gautam Harichandan Mahapatra, and others, to the position of Executive Director (Senior Management) on March 7, 2026. This strengthens the company's leadership team.

Governance Negative

2026-03-02 17:05

CRITICAL RED FLAG DETECTED

NALCO was fined Rs. 10,85,600/- by BSE & NSE on 27.02.2026 for non-compliance with SEBI LODR Regulation 17(1) during the quarter ended Dec 31, 2025. The company is representing its position to the exchanges.

Business Update Positive

2026-02-25 19:17

NALCO launched a new high-performance IA91 Grade Aluminium Alloy Ingot on Feb 25, 2026. This silicon-based casting alloy offers optimal castability, mechanical strength, and corrosion resistance, suitable for automotive, electrical, and industrial sectors.

Routine Neutral

2026-02-05 23:41

New Filing detected. See link for details.

Business Update Neutral

2026-02-05 23:34

National Aluminium Company Limited management will physically meet institutional investors on February 10, 2026, for one-on-one/group meetings in Mumbai. These meetings are part of MANTHAN - Systematix India Annual Conference 2026. No Unpublished Price Sensitive Information will be shared.

NATIONALUM

National Aluminium Company Ltd

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