NALCO’s CMD outlined the company’s future roadmap, emphasizing innovation, technology adoption, and clean energy to meet aluminium demand. At the 44th AGM, gratitude was expressed to shareholders for their trust. NALCO aims for operational efficiency, global competitiveness, and a pivotal role in India’s economic growth. Domestic aluminium demand is expected to grow at a CAGR of 7.6% until 2030, driven by electric vehicles and infrastructure.
Strategic Focus on Growth
During the 44th Annual General Meeting, NALCO reaffirmed its dedication to sustainable growth and innovation. The company highlighted its commitment to contributing meaningfully to national development and the global aluminium landscape. The CMD, Shri Brijendra Pratap Singh, appreciated the shareholders for their continued trust and solidarity.
Aluminium Demand and Future Plans
NALCO acknowledged the immense potential of the Indian aluminium sector. Domestic demand is projected to increase with a CAGR of 7.6% up to 2030. This growth will be supported by the rising adoption of electric vehicles and infrastructure development. NALCO intends to fully harness these opportunities by prioritizing accelerated technology adoption, a shift towards cleaner energy, and enhanced resilience.
Dividend Announcement
Shareholders approved a final dividend of Rs.2.50 per equity share (50% on face value of Rs.5 each), totaling Rs.459.16 Crores for FY 2024-25. The total dividend payout for FY 2024-25 amounts to Rs.1928.46 crores.
Source: BSE
