Selection of Market Research Firm for Demand-Supply analysis of Aluminium Alloy Flat Rolled Products (FRP) Market for UADNL Project at Nellore, Andhra Pradesh. 29/06/2022     | Fourth list of Candidates provisionally selected for the Post of Graduate Engineer Trainee (GET) – Advt. No: 10200207 25/03/2022     | Expression of Interest (EoI) for R&D Collaboration/Commercialization of Technology with NALCO 21/02/2022     | Kind Attention: Shareholders (Mandatory furnishing of PAN, KYC details and Nomination by holders of physical securities) 16/12/2021     | Participate in Azadi Ka Amrit Mahotsav competitions. Contribute your renderings on Desh Bhakti Geet writing, Lori writing & Rangoli making at https://amritmahotsav.nic.in/competitions.htm 24/11/2021     | Visit: Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI 06/09/2021     | Geological Survey of India (GSI), under the aegis of Ministry of Mines is organizing a national event to mark the Handing over of 100 G4 Mineral Blocks by GSI to the State Governments on September 8th, 2021, at 3 PM at New Delhi with FICCI. Click here to register. 06/09/2021     | KIND ATTENTION: SHAREHOLDERS (Updation of E-mail Ids & Mobile Numbers) 13/08/2021     | Global Tender Enquiry (GTE) for Engagement of EPCM Consultant for Establishing Facility for Aluminium Alloy Melting, Slab Casting and Flat Rolled Products Production Facility at Nellore, Andhra Pradesh, India. 10/08/2021     | Request for Expression of Interest for Lithium Ore Offtake from reputed Indian Firm(s) / Lithium Processing Technologist / Consortium from prospective mining facilities of KABIL and its international partners for import of ore/product to India 03/08/2021     | Contribute your rendering of the National Anthem of India at: https://rashtragaan.in/ 02/08/2021     | NIT for Engagement of Consultant for preparation of EIA and EMP study to obtain EC to set up High End Aluminium Alloy project by “Utkarsha Aluminium Dhatu Nigam Ltd.” 16/07/2020     | Deposit of one time Registration fees for PRMBS 26/06/2020     | Covid Mailer from Ministry 06/05/2020     | Integrated Govt. Online Training ( iGOT) courses on DIKSHA platform on Covid 19 pandemic 22/04/2020     | Circular: Integrated Govt. Online Training (iGOT) courses on DIKSHA platform on COVID-19 pandemic 22/04/2020     | EOI – for SUPPLY, INSTALLATION, OPERATION AND MAINTENANCE OF GPS & GPRS BASED INTEGRATED RAKE TRACKING SYSTEM IN CAPTIVE POWER PLANT, ANGUL, ODISHA 11/04/2020     | Advertisement of PESB for the post of Director(Commercial) 18/03/2020     | The corrigendum against the Advt. no 10200101 13/03/2020     | Joint Venture agreement for Khanij Bidesh India Ltd. (KABIL) signed in presence of Hon’ble Minister of Mines Shri Pralhad Joshi by NALCO, HCL and MECL under Ministry of Mines, GoI. 01/08/2019     |

NALCO’s 40th AGM

40th AGM_CMD
40th AGM
  • Total dividend pay-out of Rs. 644.27 crore announced for FY 2020-21
  • NALCO CMD shares future plans with focus on early commissioning of expansion projects

Bhubaneswar, 30/09/2021: National Aluminium Company Limited (NALCO) declared a final dividend of 20% i.e. ₹ 1 per equity share, during the 40th Annual General Meeting (AGM) of the Navaratna CPSE, held today at Bhubaneswar.  The total dividend pay-out for financial year 2020-21 comes to ₹ 644.27 crore, as against ₹ 279.84 crore declared and paid during the previous financial year 2019-20.

Addressing the shareholders on the occasion through the virtual platform, Shri Sridhar Patra, CMD, NALCO, said that NALCO as one of the leading CPSE of the country has come a long way in the service of the Nation and powering India’s Mineral Security. The company has not only addressed the need for self-sufficiency in aluminium, but has also given the country a technological edge in producing this metal of the future at par with global standards.

Despite the outbreak of COVID-19 pandemic with challenging business environment, the year 2020-21 for NALCO has been a year of accomplishments. “In spite of turbulent environment, coupled with volatile nature of LME prices and subdued demand for metal, we have made steady progress by focusing on the 5P’s – production, productivity, people, projects and profit. Although LME was at rock bottom in Q1; but with planned initiatives, along with effective procurement strategies led to a landslide improvement in the bottom-line of the company,” he said.

With restrictions in manpower deployment and logistic constraints, NALCO’s workforce exhibited exemplary dedication and sense of commitment which helped the company in achieving extraordinary performance, he added.

Sharing the future plans of the company, Shri Patra said that the focus is now on early commissioning of the expansion activities. “With steady progress on the ongoing expansion activities, we are optimistic for commissioning of the proposed one million tonnes per annum 5th Stream of Alumina Refinery expansion by 2023-24”, expressed Shri Patra.