National Aluminium Company Ltd ( NALCO ) shares surged as much as 7.00% to touch a fresh record high of ₹352.00, extending their rally for a fourth straight trading session. The aluminum major has demonstrated exceptional momentum, climbing 12.00% over the past four days as global commodity dynamics continue to favor metal producers.

Global Aluminum Market Breakthrough

The surge comes after aluminum prices in global markets rose 2.00% to their highest level in over three years. London Metal Exchange (LME) prices have breached the significant $3,000.00-per-tonne mark to trade at $3,082.00, creating highly favorable conditions for aluminum producers worldwide.

| Market Metrics: | Current Levels | Performance || | ---: | :--- | :--- | | NALCO Record High: | ₹352.00 | +7.00% intraday | | Four-Day Rally: | +12.00% | Fourth consecutive session | | LME Aluminum Price: | $3,082.00 per tonne | Highest in 3+ years | | Global Price Surge: | +2.00% | Breaking $3,000.00 barrier |

Supply Constraints Drive Price Rally

The aluminum price rally has been driven by tight supply conditions across major producing regions. A cap on smelting capacity in China and production constraints in Europe due to elevated electricity costs have significantly weighed on global inventories. These supply-side pressures have created a favorable pricing environment that directly benefits NALCO's operations.

According to Bloomberg reports, demand prospects remain strong, supported by sustained requirements from the construction and renewable energy sectors. This combination of constrained supply and robust demand has established tight market dynamics supporting higher aluminum prices.

Strong Q2 Financial Performance

NALCO's latest quarterly results demonstrate the company's ability to capitalize on favorable market conditions:

The September-quarter results showcased improved operating efficiency and stronger pricing power, with net profit climbing to ₹1,430.00 crore from ₹1,046.00 crore in the same period last year.

Future Growth Outlook

NALCO Managing Director Brijendra Pratak Singh recently highlighted that the global aluminum market is expected to move into a supply deficit in 2026 and 2027 as demand continues to rise across multiple sectors. "The demands are increasing from the EV sector, construction sector, power sector, and now huge data centres are coming," Singh noted.

Axis Securities highlighted that NALCO's timely expansion and ramp-up of the 5th stream Alumina refinery will be a key growth driver, with capex spending expected to increase significantly from FY28.

Market Performance and Returns

At recent trading levels around ₹350.00, NALCO shares were trading 6.00% higher from the previous close. The stock has delivered exceptional returns of almost 50.00% in 2025, positioning it among the top performers in the metals sector and demonstrating the company's ability to benefit from favorable commodity cycles and operational improvements.

NALCO has announced a key leadership appointment to its Board of Directors, strengthening its commercial operations team. The state-owned aluminium major informed stock exchanges about this significant corporate development on January 5, 2026.

Board Appointment Details

The Ministry of Mines, Government of India, issued an order on January 5, 2026, appointing Shri Anil Kumar Singh as Director (Commercial) on NALCO's Board. The appointment carries specific terms and conditions that define the scope and duration of his role.

Terms and Conditions

Singh's appointment comes with clearly defined parameters regarding his tenure and responsibilities. His term will commence from the date of taking charge and continue until September 30, 2028, which marks his superannuation date. However, the appointment remains subject to any further orders that may be issued before this date.

The appointment includes a significant caveat, as it remains subject to the outcome of OA No. 352/2025 currently pending before the Central Administrative Tribunal (CAT) Cuttack. This legal proceeding may potentially impact the final confirmation of Singh's position.

Regulatory Compliance

NALCO fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both BSE Limited and National Stock Exchange of India about this appointment. The company's communication was signed by B. K. Sahu, Company Secretary and Compliance Officer.

Pending Information

The company has indicated that additional details will be provided separately once Singh assumes charge as Director (Commercial). These forthcoming disclosures will include:

• His relationship with any existing Directors or Key Managerial Personnel
• Any debarment history from holding directorial positions
• His complete professional profile and background

This appointment represents NALCO's continued focus on strengthening its leadership team as the government enterprise maintains its position in India's aluminium sector.