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Incorporated in 1981, National Aluminium Company Limited (NALCO) manufactures and sells Alumina and Aluminium
NALCO's board has proposed a final dividend of Rs. 1 per equity share (face value Rs. 5) for FY 2025-26. The 45th AGM will be held on August 31 to approve this, with August 24 as the record date.
NALCO ensures all shareholders have access to its FY2025-26 Annual Report. The company is dispatching web-links containing full report details to investors whose email addresses are not registered, enhancing transparency for all stakeholders.
NALCO received fines of Rs 0.05 Cr each from BSE & NSE for independent director non-compliance, totaling Rs 0.11 Cr. As a CPSE, its director appointments are controlled by the Government. The company is seeking a waiver and has escalated the matter to the administrative ministry.
NALCO formed a 50:50 JV with NLCIL to build a 1,080 MW thermal captive power plant in Angul. This strategic move secures power for NALCO's 0.5 MTPA Aluminium Smelter Expansion and explores renewable energy options.
NALCO incurred total fines of ~0.11 Cr from exchanges for inadequate independent directors. As a CPSE, NALCO highlights government control over appointments, actively seeking a waiver and pressing the Administrative Ministry for quick appointments.