NALCO has clarified its position on a news article regarding plans to establish 200-300 MW of green power capacity with battery storage for low-carbon aluminum production. While no specific negotiations have occurred, NALCO is in the process of engaging a consultant to explore renewable energy transition to address current and future obligations. The company stated it is unaware of undisclosed information that would impact stock trading and noted an upward trend in non-ferrous metal stocks.
Response to News Reports
NALCO has addressed recent news articles concerning its potential investment in 200-300 MW of green power capacity, supported by battery storage, aimed at producing low-carbon aluminum. The company’s response offers clarification on its current stance and future intentions regarding this initiative.
Clarification on Negotiations and Events
NALCO explicitly stated that, as of January 28, 2026, there have been no negotiations or events directly related to the setup of a 200-300 MW green power capacity project with battery storage. However, NALCO acknowledges its commitment to renewable energy and is taking steps to explore viable options.
Renewable Energy Transition
As part of its long-term strategy, NALCO is actively taking steps towards transitioning to renewable energy sources. The company is currently in the process of appointing a consultant specialized in renewable energy to assess and guide its strategy. This consultant will assist NALCO in meeting both its current and future renewable energy obligations effectively.
Market Awareness
NALCO stated it is unaware of any undisclosed information that could potentially influence trading activity. It also observed a general upward trend in the price movement of all non-ferrous metal stocks, including NALCO, in recent trading sessions.
Source: BSE
