National Aluminium Company is currently trading at Rs. 44.35, up by 0.60 points or 1.37% from its previous closing of Rs. 43.75 on the BSE.
The scrip opened at Rs. 44.05 and has touched a high and low of Rs. 44.75 and Rs. 44.05 respectively. So far 110224 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 78.50 on 30-Aug-2018 and a 52 week low of Rs. 42.55 on 06-Aug-2019.
Last one week high and low of the scrip stood at Rs. 44.75 and Rs. 42.55 respectively. The current market cap of the company is Rs. 8302.00 crore.
The promoters holding in the company stood at 52.00%, while Institutions and Non-Institutions held 29.98% and 18.02% respectively.
National Aluminium Company (NALCO) has inked a pact with Mishra Dhatu Nigam (MIDHANI) to incorporate a Joint Venture company (JVC) to set up high-end aluminium alloy plant for manufacturing of plates, sheets. The company and MIDHANI will initially subscribe for shares in the JVC in equal proportion of 50 per cent each.
The JVC agrees to induct a technology partner/technology associate/technology provider with shareholding up to a maximum of 10 per cent of the total paid up equity in the JVC during incorporation or else may dilute up to 10 per cent of the total paid up equity (in equal proportion) to them
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.