NALCO CMD outlines bold growth vision; stresses innovation, technology and clean energy to meet rising aluminium demand

THEBUSINESSBYTES BUREAU

BHUBANESWAR, SEPTEMBER 26, 2025

Navratna CPSE National Aluminium Company Limited (NALCO) held its 44th Annual General Meeting (AGM) on Friday in Bhubaneswar. Addressing shareholders virtually, Brijendra Pratap Singh, Chairman and Managing Director, expressed his deep gratitude for their trust and support, while highlighting the company’s record-breaking financial and operational performance in FY 2024-25.

In his address, Singh reaffirmed NALCO’s steadfast commitment to operational efficiency, transparency, global competitiveness, and its critical role in powering India’s economic growth. Emphasizing the immense potential of the aluminium sector, he cited industry projections that domestic demand will grow at a robust CAGR of 7.6% through 2030, propelled by the rapid adoption of electric vehicles, infrastructure expansion, and the renewable energy boom.

“To fully harness these opportunities, NALCO must accelerate technology adoption, transition towards cleaner energy, drive greater value addition, and build resilience against global disruptions,” Shri Singh said. He further reiterated the company’s strategic focus on sustainable growth, innovation, and long-term planning to ensure NALCO continues to play a meaningful role in both national development and the global aluminium landscape.

The AGM was also attended by Functional and Independent Directors, along with the Company Secretary. Shareholders approved a final dividend of ₹2.50 per equity share (50 per cent on face value of ₹5 each), amounting to ₹459.16 crore for FY 2024-25. This brings the total dividend payout for the year to ₹1,928.46 crore, reinforcing NALCO’s strong financial standing and commitment to shareholder value.