NALCO Reports Record FY26 Performance; Plans Major Expansion in Alumina, Aluminium and Captive Power, Profit After Tax rose to a record Rs. 5,816 crore

Published at : Sep 08, 2026 12:04 PM (IST)

Total Views : 61

NALCO Reports Record FY26 Performance; Plans Major Expansion in Alumina, Aluminium and Captive Power, Profit After Tax rose to a record Rs. 5,816 crore

National Aluminium Company Limited (NALCO) delivered its highest-ever financial and operational performance in FY2025-26, with revenue from operations rising to Rs. 17,843 crore and PAT reaching a record Rs. 5,816 crore. The company is advancing major expansion projects, including a 10-lakh-tonne alumina capacity addition, a proposed 0.5 MTPA aluminium smelter expansion and an additional 1,080 MW captive power plant, while strengthening raw-material security and critical mineral opportunities.

The Print Times | New Delhi

National Aluminium Company Limited (NALCO) reported its highest-ever financial and operational performance across several parameters during FY2025-26, marking a significant milestone in the company’s journey. The integrated aluminium producer continued to strengthen its position across the bauxite-alumina-aluminium-power value chain while laying the foundation for the next phase of capacity expansion and diversification.

In the annual report for FY2025-26, Brijendra Pratap Singh, Chairman-cum-Managing Director, said the company remained focused on becoming a premier and integrated company in the aluminium value chain. NALCO operates one of the country’s largest integrated Bauxite-Alumina-Aluminium-Power complexes.

The company’s operational assets include the Panchpatmali Bauxite Mines with a capacity of 68.25 lakh tonnes per annum, the Alumina Refinery at Damanjodi with a capacity of 21 lakh tonnes per annum, and the Aluminium Smelter at Angul with a capacity of 4.60 lakh tonnes per annum. NALCO also operates a 1,200 MW Captive Power Plant and Utkal-D&E Captive Coal Mines, currently having a capacity of 40 lakh tonnes per annum. In addition, the company has 198 MW of wind power projects across India and 1,060 kWp of rooftop solar installations.

Record Financial Performance

NALCO recorded its highest-ever Revenue from Operations of Rs. 17,843 crore in FY2025-26, compared with the previous best of Rs. 16,662 crore in FY2024-25.

EBITDA reached a record Rs. 8,613 crore, against Rs. 7,922 crore in the previous year. Profit Before Tax increased to Rs. 7,767 crore, compared with the previous best of Rs. 7,135 crore, while Profit After Tax rose to a record Rs. 5,816 crore, against Rs. 5,325 crore in FY2024-25.

The company also continued its tradition of rewarding shareholders through sustained dividend payouts while maintaining a robust balance sheet and healthy cash position.

Highest-Ever Operational Performance

NALCO achieved record production across its major business segments during FY2025-26.

Bauxite excavation reached 77.01 lakh tonnes, surpassing the previous best of 76.48 lakh tonnes recorded in FY2024-25. Bauxite transportation stood at 77.07 lakh tonnes, while alumina hydrate production reached 23.00 lakh tonnes, compared with the previous best of 21.61 lakh tonnes.

Calcined alumina production increased to a record 22.75 lakh tonnes, while aluminium cast metal production reached 4.72 lakh tonnes, exceeding the previous best of 4.63 lakh tonnes. Coal production stood at 40.00 lakh tonnes, while net power generation reached 6,953 million units.

The company also achieved its highest-ever sales performance, with total alumina sales reaching 14.46 lakh tonnes, domestic alumina sales at 1.38 lakh tonnes, and aluminium metal sales at 4.74 lakh tonnes.

Alumina Refinery Expansion to Raise Capacity to 31 Lakh Tonnes

NALCO is moving ahead with its expansion programme to strengthen its position in the global alumina market. The 5th Stream Expansion of the Damanjodi Alumina Refinery is scheduled to go into production in October 2026.

The project will increase the refinery’s capacity from 21 lakh tonnes to 31 lakh tonnes per annum, adding 10 lakh tonnes per annum of capacity.

To strengthen long-term raw material security, NALCO is also developing the Pottangi Bauxite Mine, for which a Mine Developer and Operator has been engaged. The company said the mine will play an important role in supporting future refinery expansion and the proposed brownfield expansion of the aluminium smelter at Angul.

Coal Capacity and Aluminium Smelter Expansion

NALCO is also working to strengthen fuel security through the Utkal-D&E Coal Blocks. The company is in the process of augmenting coal mining capacity from 40 lakh tonnes to 48 lakh tonnes per annum, subject to approval from the competent authorities.

Looking ahead, the company is preparing for a major brownfield expansion of its aluminium smelter by 0.5 million tonnes per annum, along with an additional 1,080 MW Captive Power Plant.

NALCO has entered into an agreement with NLCIL for formation of a 50:50 joint venture company for developing a 4×270 MW, or 1,080 MW, Thermal Captive Power Plant at Angul. The proposed facility will meet the captive power requirements of the 0.5 MTPA aluminium smelter expansion project. The companies will also explore long-term arrangements for 200-250 MW of firm renewable energy (RE-RTC).

Critical Minerals and Downstream Opportunities

Diversification is another key component of NALCO’s growth strategy. Through Khanij Bidesh India Limited (KABIL), a joint venture with HCL and MECL, the company is participating in the exploration and development of critical mineral assets overseas, including lithium resources in Argentina.

The initiative is aligned with India’s objective of securing critical minerals required for energy transition, electric mobility and advanced manufacturing.

NALCO is also strengthening downstream opportunities through its joint venture with IDCO, Angul Aluminium Park Private Limited (AAPPL), which is expected to support domestic aluminium consumption and employment generation.

Meanwhile, its joint venture with GACL, GACL-NALCO Alkalies & Chemicals Private Limited (GNAL), is aimed at securing the supply of caustic soda, a critical raw material for NALCO.

Sustainability Remains a Key Focus

NALCO said sustainability remains embedded in its business strategy, with emphasis on environmental stewardship, social responsibility and governance.

The company continues to operate 198 MW of wind power capacity and rooftop solar installations. It has also focused on biodiversity conservation, water management, circular economy initiatives, red mud and fly ash utilisation, and climate resilience.

NALCO has achieved zero discharge of wastewater at all its production units and continues to focus on water recycling and rainwater harvesting. The company is also pursuing the recovery and reuse of aluminium dross, fly ash and red mud wherever feasible.

The Panchpatmali Bauxite Mines have consistently received a 5-star rating for sustainable mining practices, while large-scale plantation and other environmental measures continue to be undertaken.

During FY2025-26, NALCO also entered into an agreement with GRIDCO, Odisha, under which it is drawing 150 MW of renewable energy during solar hours. This initiative enables the company to back down its coal-based captive power generation by 170 MW and reduce its carbon footprint.

Strong Support to MSEs

NALCO continued its efforts to promote Micro and Small Enterprises, particularly women-owned and SC/ST-owned MSEs.

During FY2025-26, procurement of goods and services from MSEs based in Odisha amounted to Rs. 652.19 crore. Total procurement from MSE units, including those outside Odisha, stood at Rs. 1,447.94 crore.

This represented 61.56% of the company’s total eligible procurement from MSEs, significantly exceeding the mandated target of 25% under the Public Procurement Policy for MSEs, 2012, and subsequent amendments.

With record financial and operational performance, expanding alumina and aluminium capacity, strengthened raw-material and energy security, and growing participation in critical minerals and downstream opportunities, NALCO is positioning itself for the next phase of growth in India's aluminium industry.
 

Published at : Sep 08, 2026 12:04 PM (IST)

Total Views : 61