National Aluminium Company Limited (NALCO), the Navratna public sector enterprise under the Ministry of Mines, Government of India, reported record operational and financial performance for FY2025-26 at its 45th Annual General Meeting held through video conferencing. The AGM was chaired by Brijendra Pratap Singh, Chairman and Managing Director, NALCO. Functional Directors, an Independent Director, the Chief Vigilance Officer, senior officials from the Ministry of Mines and the Company Secretary also attended the meeting.
Addressing shareholders, Mr Singh described FY2025-26 as a landmark year for NALCO. The company achieved its highest-ever operational performance across key parameters, which translated into record Revenue from Operations, Profit Before Tax and Profit After Tax. NALCO also recorded its highest sales in major business segments, including domestic alumina and aluminium metal. The company said the results reflect strong operations and its ability to maintain performance in a changing market.
The company also returned value to shareholders through dividends. During FY2025-26, NALCO paid an interim dividend of ₹10.50 per equity share, amounting to ₹1,928.46 crore, in three tranches. At the 45th AGM, shareholders approved a final dividend of ₹1 per equity share, amounting to ₹183.66 crore.
Looking ahead, Mr Singh said the outlook for aluminium demand in India remains positive and is expected to continue growing. NALCO is preparing for this growth through a series of expansion and development projects.
Key projects include the fifth stream expansion of the alumina refinery at Damanjodi and the development of Pottangi Bauxite Mines. The company is also working on increasing captive coal capacity and has proposed expansion of its aluminium smelter and captive power plant at Anugul.NALCO is also focusing on areas beyond its core aluminium operations. Its strategic priorities include critical minerals, resource and energy security, the circular economy, digital transformation, waste-to-wealth initiatives and renewable energy.
These initiatives are aimed at strengthening the company’s competitiveness, improving operational resilience and supporting long-term growth. Mr Singh said NALCO’s performance and future plans support the broader national objectives of Aatmanirbhar Bharat and Viksit Bharat by strengthening India’s aluminium valu e chain and developing domestic capabilities.
He thanked the Government of India, particularly the Ministry of Mines, for its continued guidance and support. He also acknowledged the support of the Government of Odisha and local administrations in facilitating the company’s operations and expansion plans.
Mr Singh also recognised the role of communities around NALCO’s operating locations and thanked them for their continued cooperation. He expressed appreciation for NALCO employees and contractual workers, as well as shareholders, investors, customers, suppliers, business associates, consultants and joint venture partners.
“The record performance of FY2025-26 is a collective achievement. Behind every milestone achieved by NALCO is the commitment, capability and collective spirit of its people,” Mr Singh said. With strong FY26 results and a pipeline of expansion projects, NALCO is preparing to increase its capacity and strengthen its position in India’s aluminium sector.
National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise under the Ministry of Mines, Government of India. Established in 1981, NALCO is one of India’s leading integrated producers of alumina and aluminium, with operations covering bauxite mining, alumina refining, aluminium smelting and power generation.
The company operates its bauxite mines and alumina refinery in Odisha, while its aluminium smelter and captive power facilities are located at Angul. NALCO plays an important role in India’s aluminium industry and supports sectors such as construction, transportation, power, packaging and engineering. The company is also investing in capacity expansion, renewable energy and other initiatives aimed at improving production and strengthening its position in the domestic and global aluminium markets.
