Industry Odisha Bureau, Sep 01: The demand outlook for aluminium in India continues to remain favourable and is expected to stay on a strong growth trajectory, said Brijendra Pratap Singh, Chairman-cum-Managing Director (CMD) of the National Aluminium Company Limited (NALCO).
Singh made this remark while addressing the 45th Annual General Meeting (AGM) of NALCO, the Navratna Central PSE under the Ministry of Mines, recently through video conferencing.
Company’s functional directors along with the independent director, CVO, senior officials from the Ministry of Mines, and the Company Secretary were also present at the virtual meet.
Addressing the shareholders, Singh highlighted NALCO’s record operational and financial performance during FY 2025–26, describing the year as a landmark for the company.
He said these achievements reflect NALCO’s resilience, strategic foresight and operational excellence, reinforcing its role in strengthening India’s aluminium value chain and contributing to the national vision of Aatmanirbhar Bharat and Viksit Bharat.
During the financial year 2025–26, NALCO achieved its highest-ever operational performance across key parameters. This operational excellence translated into record financial results, with the Company posting its all-time highest revenue from operations, profit before tax, and profit after tax, he said.
The year also marked peak sales in major segments, including domestic alumina and aluminium metal. These achievements underscore NALCO’s strong fundamentals, efficient operations, and ability to deliver sustainable value in a dynamic business environment.
Reaffirming its commitment to creating enduring value for shareholders, NALCO paid an interim dividend of Rs 10.50 per equity share, amounting to Rs 1,928.46 crore, during FY 2025–26 in three tranches.
In addition, the share holders during the AGM have approved the final dividend of Rs 1.00 per equity share, amounting to Rs 183.66 crore.
Underscoring NALCO’s growth plans and long-term strategic priorities, Singh highlighted the company’s key expansion initiatives: the 5th stream expansion of the alumina refinery at Damanjodi, development of Pottangi bauxite mines, augmentation of captive coal capacity, and the proposed expansion of the Aluminium smelter and captive power plant at Anugul.
He also outlined NALCO’s strategic initiatives in critical minerals, resource and energy security, circular economy, digital transformation, waste-to-wealth and renewable energy, aimed at strengthening the company’s competitiveness, enhancing operational resilience and creating sustainable long-term value.
Singh expressed his gratitude to the Government of India, particularly the Ministry of Mines, for its continued guidance and support. He also acknowledged the cooperation extended by the Government of Odisha and local administrations in facilitating the Company’s operations and growth journey.
Acknowledging the importance of community partnerships, Singh placed on record his appreciation for the communities residing around NALCO’s operational areas, whose cooperation continues to be vital to the Company’s progress.
He expressed his appreciation for the entire Team NALCO, including employees as well as the contractual workforce and thanked the shareholders, investors, customers, suppliers, business associates, consultants and Joint Venture partners for their continued confidence and support.
“The record performance of FY 2025–26 is a collective achievement. Behind every milestone achieved by NALCO is the commitment, capability and collective spirit of its people,” the CMD added.
