NALCO Appoints Dr. Veena Kumari Dermal as Part-time Official Director on Board

2 min read     Updated on 05 May 2026, 06:44 AM
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National Aluminium Company Limited announced the appointment of Dr. Veena Kumari Dermal, IPoS (DIN: 08890469), as Part-time Official Director on its Board with effect from 04.05.2026, pursuant to a Ministry of Mines, Government of India order. She succeeds Shri Sanjay Lohiya, IAS, in this capacity. Dr. Dermal is an IPoS officer of the 1998 batch with over 27 years of experience, and has previously served in key roles related to mineral policy, critical minerals, and offshore mining administration within the Ministry of Mines. The updated Board now comprises eight directors, including the Chairman-cum-Managing Director and functional directors across production, finance, HR, and commercial functions.

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National Aluminium Company Limited has announced the appointment of Dr. Veena Kumari Dermal, Additional Secretary, Ministry of Mines (DIN: 08890469), as Part-time Official Director on its Board with immediate effect. The appointment was made vide Order dated 04.05.2026 of the Ministry of Mines, Government of India, and was disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dr. Dermal succeeds Shri Sanjay Lohiya, IAS, who previously served as Additional Secretary, Ministry of Mines, in this capacity on the NALCO Board.

Appointment Details

The key details of the board appointment are as follows:

Parameter: Details
Name: Dr. Veena Kumari Dermal, IPoS
DIN: 08890469
Designation: Part-time Official Director
Date of Appointment: 04.05.2026
Term of Appointment: Till further order
Reason for Change: Appointment as Part-time Official Director on the Board of NALCO
Relationship with Directors/KMP: NA

The company has confirmed that Dr. Veena Kumari Dermal is not related to any Directors or Key Managerial Personnel of the company, and is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Profile of Dr. Veena Kumari Dermal

Dr. Veena Kumari Dermal is an Indian Postal Service (IPoS) officer of the 1998 batch and a seasoned administrator. Prior to her appointment as Additional Secretary in the Ministry of Mines, she was serving as the Chief Postmaster General of the Telangana Circle. Her academic qualifications include:

  • B.Sc. (Agriculture) and M.Sc. (Horticulture) from Kerala Agriculture University
  • Ph.D. in Horticulture from the Indian Agricultural Research Institute, New Delhi
  • Post Graduate Diploma in Public Policy from IIM, Bengaluru
  • Various short-term courses at the national and international level

Dr. Dermal brings more than 27 years of experience in technology transformation and postal administration. During her earlier tenure in the Ministry of Mines, she served as Joint Secretary with a focus on Mineral Policy and critical minerals. She also served as the Administering Authority for Offshore Mining and as the Designated Authority for the auction of critical minerals on behalf of the Government of India. She was the Chairperson of the Committee that identified Critical and Strategic Minerals for India, and was instrumental in amendments to the MMDR Act as well as the OAMDR Act and various rules under these Acts.

Updated Board of Directors

Following this appointment, the Board of Directors of NALCO as on 04.05.2026 is as follows:

S.N.: Name Designation
1. Shri Brijendra Pratap Singh Chairman-cum-Managing Director
2. Dr. Veena Kumari Dermal, IPoS Part-time Official Director
3. Shri Vivek Kumar Bajpai Part-time Official Director
4. Shri Pankaj Kumar Sharma Director (Production)
5. Shri Jagdish Arora Director (P&T)
6. Dr. Tapas Kumar Pattanayak Director (HR)
7. Shri Abhay Kumar Behuria Director (Finance)
8. Shri Anil Kumar Singh Director (Commercial)

The disclosure was signed by B. K. Sahu, Company Secretary and Compliance Officer (ACS: 9953), on behalf of National Aluminium Company Limited, a Government of India Enterprise headquartered at Nalco Bhawan, Nayapalli, Bhubaneswar.

Historical Stock Returns for NALCO

1 Day5 Days1 Month6 Months1 Year5 Years
-0.75%-6.88%-1.07%+74.99%+160.52%+488.62%

How might Dr. Dermal's expertise in critical minerals policy and her role in identifying Critical and Strategic Minerals for India influence NALCO's strategic direction in expanding beyond aluminium into critical mineral segments?

Given Dr. Dermal's background in the MMDR Act amendments and offshore mining administration, could NALCO potentially pursue offshore or critical mineral mining opportunities under her board guidance?

How will the transition from Shri Sanjay Lohiya to Dr. Dermal impact NALCO's ongoing policy engagements with the Ministry of Mines, particularly regarding aluminium's classification in India's critical minerals framework?

NALCO FY26: Record ₹5,816 Cr Profit, Third Interim Dividend Declared

4 min read     Updated on 05 May 2026, 05:33 AM
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National Aluminium Company Limited reported record FY26 net profit of ₹5,815.76 crore, up 9.22% YoY, with revenue from operations reaching ₹17,843.05 crore. The Board approved third interim dividend of ₹2.00 per share amounting to ₹367.33 crore. The company achieved highest-ever production across bauxite, alumina, and aluminium segments.

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National Aluminium Company Limited has officially filed its audited financial results for FY26 with BSE and NSE under SEBI Regulation 33, confirming record-breaking performance across key financial metrics. The Navratna CPSE under the Ministry of Mines achieved its highest-ever net profit of ₹5,815.76 crore, representing a robust 9.22% growth from ₹5,324.67 crore in the previous year.

Official Board Meeting and Regulatory Filing

The Board of Directors approved the audited financial results at its meeting held on April 30, 2026. Company Secretary B.K. Sahu filed the official disclosure with both stock exchanges under Regulation 33 of SEBI (LODR) Regulations, 2015. The statutory auditors, B M Chatrath & Co LLP and SRB & Associates, issued an unmodified audit opinion on the standalone and consolidated financial results.

Filing Details: Information
Filing Date: April 30, 2026
Regulation: SEBI Regulation 33
Meeting Duration: 10:00 Hours to 14:30 Hours
Filed By: B.K. Sahu, Company Secretary

Record-Breaking Annual Financial Performance

NALCO's FY26 results demonstrate exceptional operational excellence and market positioning. The company achieved significant growth across all major financial parameters, with total income reaching ₹18,508.88 crore compared to ₹17,144.64 crore in FY25.

Annual Financial Metric: FY26 (₹ in Crore) FY25 (₹ in Crore) Growth (%)
Revenue from Operations: 17,843.05 16,787.63 +6.28%
Total Income: 18,508.88 17,144.64 +7.96%
Net Profit: 5,815.76 5,324.67 +9.22%
Earnings Per Share: ₹31.67 ₹28.99 +9.24%

Q4 FY26 Quarterly Performance

The fourth quarter showed revenue from operations at ₹5,012.82 crore against ₹5,267.83 crore in Q4 FY25. Sequential quarterly performance showed improvement with Q4 FY26 net profit of ₹1,717.71 crore compared to ₹1,601.02 crore in Q3 FY26, marking a 7.29% quarter-on-quarter increase.

Q4 Performance Metric: Q4 FY26 Q3 FY26 Q4 FY25
Revenue from Operations: ₹5,012.82 Cr ₹4,730.95 Cr ₹5,267.83 Cr
Net Profit: ₹1,717.71 Cr ₹1,601.02 Cr ₹2,078.37 Cr
Earnings Per Share: ₹9.35 ₹8.72 ₹11.32

Third Interim Dividend Declaration

The Board of Directors approved the payment of a third interim dividend of ₹2.00 per share (40% on face value of ₹5 each) for FY26, amounting to ₹367.33 crore. The company has fixed Friday, May 8, 2026 as the Record Date for payment of this dividend. The payment shall be made on or before May 30, 2026 to all eligible shareholders.

Dividend Details: Information
Third Interim Dividend: ₹2.00 per share (40%)
Total Amount: ₹367.33 crore
Record Date: May 8, 2026
Payment Date: On or before May 30, 2026
Total FY26 Interim Payout: ₹1,561.13 crore

Segment-wise Performance Analysis

The company's segment-wise performance showed strong results across both major business verticals. The Chemicals segment generated revenue of ₹6,694.25 crore with profit before tax of ₹2,034.16 crore, while the Aluminium segment achieved revenue of ₹12,944.71 crore with profit before tax of ₹5,564.28 crore.

Segment Performance: Chemicals (₹ Cr) Aluminium (₹ Cr)
FY26 Revenue: 6,694.25 12,944.71
FY25 Revenue: 7,607.44 11,113.16
FY26 Profit Before Tax: 2,034.16 5,564.28
FY25 Profit Before Tax: 3,227.71 4,045.51

Auditor's Emphasis and Regulatory Matters

The auditors drew attention to two matters in their report: non-recognition of revenue from two wind power plants in Rajasthan since April 1, 2019 due to no fresh Power Purchase Agreement, and provisional assessment of ₹20.30 crore for obligations arising from new labour codes effective from November 21, 2025. The auditors' opinion remains unmodified on these matters.

The company has also received Board consent for winding up Utkarsha Aluminium Dhatu Nigam Limited, a joint venture company, due to commercial unviability, pending clearance from Ministry of Mines and DIPAM.

Historical Stock Returns for NALCO

1 Day5 Days1 Month6 Months1 Year5 Years
-0.75%-6.88%-1.07%+74.99%+160.52%+488.62%

How might the ongoing Rajasthan High Court dispute over the wind power PPAs impact NALCO's renewable energy strategy and future power cost optimization plans?

Given the significant decline in the Chemicals segment's profit before tax (from ₹3,227.71 Cr to ₹2,034.16 Cr), what structural changes or market conditions could reverse this trend in FY27?

With the proposed restructuring of Khanij Bidesh India Limited increasing NALCO's stake to 60%, how could this shift in overseas mineral exploration exposure affect the company's long-term raw material security and geopolitical risk profile?

More News on NALCO

1 Year Returns:+160.52%