National Aluminium Company Limited (NALCO) is a **Navaratna Central Public Sector Enterprise** operating under the Ministry of Mines, incorporated in **1981**. It stands as one of the **largest integrated Bauxite-Alumina-Aluminium-Power Complexes in India** and one of the largest integrated primary producers of aluminum in Asia. Founded on January 7, 1981, NALCO is headquartered in Bhubaneswar, Odisha, with the Government of India holding a **51.28% stake** in the company.
The company operates an aluminum smelter with a capacity of **4.60 lakh tonnes per annum (TPA)** and a **1200 MW captive power plant** in Angul, Odisha. Additionally, it has a **68.25 lakh TPA bauxite mine** and a **21 lakh TPA (normative capacity) alumina refinery** in Damanjodi in Koraput district. NALCO maintains seven operational stockyards across the country, alongside regional sales offices in Delhi, Kolkata, Mumbai, and Chennai. NALCO also possesses its own bulk cargo facility for product export.
As of the latest available data, NALCO's **market capitalization stands at ₹34,758.3 Crore**. At current trading levels, NALCO trades at a **P/E ratio of 6.53** while its **P/B ratio stands at 1.88**. The company reported an **EPS of ₹29.0** in the latest financial year, with the most recent quarter showing an EPS of ₹11.3.
NALCO's share price has surged over **164% in the last three years**. The 52-week high stock price of NALCO is **₹262.99**, and the low price is **₹137.75**. The company is almost **debt-free**. For the financial year 2024, NALCO declared a dividend amounting to **₹3.0 per share**, resulting in a dividend yield of 1.6% at current price levels.
NALCO delivered exceptional financial performance in FY25, achieving several all-time highs. The company posted an **all-time high profit of ₹5,325 Crore** and **revenue of ₹16,788 Crore in FY25**, driven by strong prices, efficient operations, and expansion momentum. It reported its highest revenue from operations at ₹16,788 Crore for FY25.
For the **fourth quarter of FY25** ending March 2025, NALCO's Q4 profit surged **107% to ₹2,067.23 Crore** from ₹996.7 Crore reported during the year-ago period. NALCO's consolidated revenue from operations stood at **₹5,267.83 Crore**, against ₹3,579.05 Crore reported in the year-ago period.
The company demonstrated consistent quarterly growth throughout FY25:
* In **Q1 FY25**, NALCO registered a **72% rise in net profit to ₹601 Crore** from ₹349 Crore achieved in the corresponding period of the previous year, with revenue from operations of ₹2,856 Crore.
* In **Q3 FY25**, the company's net profit stood at **₹1,583 Crore** compared to ₹488 Crore in the corresponding quarter of FY24, while total income rose to **₹4,761 Crore** from ₹3,398 Crore.
NALCO set new records during FY25 by excavating **76.48 lakh tonnes of bauxite** and achieving its **highest-ever domestic metal sales of 4.55 lakh tonnes**. The company's operational excellence was driven by various strategic initiatives and enhanced efficiency across its integrated operations.
To achieve carbon neutrality, NALCO has built **198 MW of wind power plants** at various locations across India and **850 kWp of rooftop solar power plants** on its premises. In collaboration with Gujarat Alkalies & Chemicals Limited (GACL), the caustic soda plant commenced production in May 2022, with dispatch of caustic soda to NALCO beginning in August 2022.
NALCO operates across multiple business segments with an integrated approach.
* The company's **bauxite mine** located in Koraput district has a capacity of **68.25 lakh MT**.
* Its **alumina refinery** has a normative capacity of **21 lakh tonnes annually**.
* The **aluminum smelter** located in Angul, Odisha, has a capacity of **4.6 lakh tonnes per annum**, equipped with advanced technology, and is supported by a **1,200 MW captive power plant** that ensures a steady power supply, with surplus power sold to the state grid.
The company has established comprehensive logistics and export infrastructure. NALCO has automated ship handling and storage facilities in Visakhapatnam port for the import and export of caustic soda and calcined alumina, while Kolkata and Paradip ports are also utilized to export aluminum. The company manages its surface transportation operations using its own locomotives and wagons for both finished goods and raw materials.
NALCO confirmed that its **₹30,000-Crore capital expenditure plan** for smelter expansion and captive power is progressing as planned, with updates to the detailed project report underway. However, the company is postponing its expansion plans by a year due to failed technology partnership talks with Rio Tinto Canada and NTPC, with significant capital expenditure now expected to begin in FY27-28.
NALCO's Alumina Refinery in Koraput, Odisha, was awarded the **QCFI-JUSE 5S Award in the Par Excellence category in June 2025**, recognizing its commitment to workplace management and enhanced productivity, safety, and environmental performance. **Abhay Kumar Behuria** has taken over as Director (Finance) of NALCO, effective June 11, 2025, bringing extensive experience in financial management and strategic planning.
As of March 2025, company promoters held **51.28% stake in NALCO**, with no shares having been pledged. Foreign Institutional Investors (FIIs) have consistently increased their stake in NALCO, reaching **67.2% in March 2025**, up from 63.2% the previous year.
NALCO stands as a prominent player in India's aluminum industry with its integrated operations, strong financial performance, and strategic positioning for future growth in the evolving metals and mining sector.
