44th AGM OF NALCO - CMD Charts future Roadmap

National Aluminium Company Limited (NALCO), the Navratna CPSE under the Ministry of Mines, Govt. of India, conducted its 44th Annual General Meeting, today at Bhubaneswar.

Addressing the shareholders through virtual mode, Shri Brijendra Pratap Singh, CMD, conveyed his heartfelt gratitude for the continued trust and solidarity of the shareholders. He appreciated the resilience and strategic foresightedness of the NALCO team which has enabled the company to achieve the record-breaking financial and physical performance in the FY 2024-25.

In his address, Shri Singh reaffirmed NALCO's unwavering commitment to operational efficiency, transparency, global competitiveness, and its pivotal role in India's journey towards becoming an economic powerhouse. Shri Singh also underscored the immense potential of the Indian aluminium sector, citing projections that domestic demand is expected to grow at a robust CAGR of 7.6% till 2030. "This surge will be primarily driven by increasing adoption of electric vehicles, rapid infrastructure development, and the growth of the renewable energy sector. To fully harness these opportunities, there is a need for accelerated technology adoption, a shift towards cleaner energy, greater value addition, and enhanced resilience against global disruptions", he said.

Shri Singh also reiterated NALCO's focus on sustainable growth, innovation, and strategic planning, ensuring that NALCO shall continue to contribute meaningfully to national development and the global aluminium landscape. Functional & Independent Directors along with Company Secretary were also present at the Annual General Meeting. The shareholders also approved a final dividend of Rs.2.50/- per equity share (50% on face value of Rs.5/- each) amounting to Rs.459.16 Crores for the FY 2024-25. Thus, the total dividend payout for the FY 2024-25 works out to Rs.1928.46 crores.

Shares of National Aluminium Company Limited was last trading in BSE at Rs. 200.50 as compared to the previous close of Rs. 205.65. The total number of shares traded during the day was 464161 in over 5791 trades.

The stock hit an intraday high of Rs. 206.05 and intraday low of 198.80. The net turnover during the day was Rs. 93472494.00.

Source : Equity Bulls

Keywords

NationalAluminiumCompany INE139A01034 NALCO 44thAGM