NALCO (National Aluminium Company Limited), a Navratna CPSE under the Ministry of Mines, has announced an ambitious ₹7,000 crore investment plan as part of its Amrit Kal Vision 2047, coinciding with the release of its robust second-quarter financial results for the fiscal year 2025-26.

Investment Strategy

The company's investment strategy focuses on three key areas:

1. Smelter expansion
2. Alumina refinery upgrades
3. Renewable energy integration

This strategic capital expenditure aims to enhance NALCO's value-added product mix and improve cost competitiveness through backward integration. The company is also targeting an increase in its export share to drive sustainable EBITDA growth.

Q2 Financial Highlights

NALCO's financial performance for Q2 FY 2025-26 showcases significant growth:

Operational Performance

The company achieved notable improvements in production and sales:

• Highest-ever Alumina Hydrate production of 5.76 lakh MT in Q2
• Aluminium Cast Metal production increased to 1.19 lakh MT, up 3% YoY
• Alumina export sales surged by 33% to 3.65 lakh MT

Dividend Announcement

The Board of Directors has approved an interim dividend of ₹4 per equity share (80% on face value of ₹5 each) for FY 2025-26, amounting to ₹734.65 crore.

Management Commentary

Shri Brijendra Pratap Singh, Chairman-cum-Managing Director of NALCO, stated, "Our Q2 and H1 results stand as a testament to the hard work and commitment of all employees and the unwavering support of all stakeholders. We have demonstrated resilience through operational excellence, cost-saving measures, and sustained productivity, supported by higher volumes and improved efficiency, despite lower sales realization from metal prices."

He further added, "Going forward, we remain focused on value addition, sustainability, and expanding our production capacities to ensure long-term growth and value creation for all stakeholders."

The company's strong performance and strategic investment plans reflect its commitment to growth and sustainability in the aluminium sector. As global aluminium demand recovers, NALCO appears well-positioned to capitalize on market opportunities while focusing on operational efficiency and expansion.

NALCO , a leading player in the Indian aluminium sector, has announced its unaudited financial results for the second quarter and half year ended September 30, 2025, showcasing robust performance and a generous dividend payout for shareholders.

Financial Highlights

NALCO reported impressive standalone and consolidated profits for Q2 FY26:

These figures demonstrate NALCO's strong financial position and operational efficiency in the aluminium market.

Interim Dividend Declaration

NALCO's Board of Directors has approved an interim dividend of Rs. 4 per share, which represents 80% on the face value of Rs. 5 each for the financial year 2025-26. The total dividend payout amounts to Rs. 734.65 crore, highlighting the company's commitment to delivering value to its investors.

Key dates for the dividend payment are as follows:

• Record Date: November 14, 2025
• Payment Date: By December 6, 2025

Quarterly Performance Analysis

Comparing the Q2 FY26 results with the previous quarter (Q1 FY26), we observe:

While there is a noticeable decrease in revenue and profitability compared to the previous quarter, it's important to note that the aluminium industry often experiences cyclical trends and is subject to global market conditions.

Operational Challenges

NALCO continues to face challenges with two of its wind power plants in Rajasthan due to the non-execution of a Power Purchase Agreement. This matter is currently pending before the High Court of Rajasthan. The resolution of this issue could potentially impact the company's renewable energy initiatives and overall operational efficiency.

Market Outlook

Despite the quarter-on-quarter decline, NALCO's decision to declare a substantial interim dividend signals management's confidence in the company's financial stability and future prospects. The aluminium sector in India is poised for growth, driven by increasing domestic demand and government initiatives promoting infrastructure development.

As NALCO navigates through market fluctuations and operational challenges, investors and market analysts will be keenly watching how the company adapts its strategies to maintain its strong market position and capitalize on emerging opportunities in the aluminium industry.