Debasis Mohapatra
Bengaluru, 6 September 2026
State-owned aluminium major, National Aluminium Company Ltd (NALCO) has signed a long-term gas transmission agreement with GAIL (India) Ltd to ensure a reliable supply of natural gas for its smelter operations in Odisha, the company said in a release.
As part of the agreement, GAIL will establish a dedicated gas distribution station within NALCO’s smelter plant premises, which will ensure uninterrupted supply of natural gas for its aluminium manufacturing.
Through establishment of dedicated gas distribution infrastructure, the initiative will provide a structured mechanism for supplying natural gas across the smelter plant and support the modernisation of Nalco’s furnace systems.
Share price of Nalco closed 0.17% up at Rs 374.65 on Friday in NSE. Since the beginning of the year, the metal major’s share price has delivered around 19% return so far for shareholders.
In Q1 of FY27, the company posted sound performance with its net profit surging 88.22% year-on-year basis to Rs 2,002.38 crore. Its revenue from operations increased to Rs 5,302.38 crore, up 39.28% over the same period of last fiscal year.
Its EBITDA margin increased 11.85% y-o-y basis to 51.06% by the end of June quarter. The Bhubaneswar-headquartered company aims to scale its alumina production capacity to 3.2 million tonne by FY28.
