National Aluminium Company Limited (NALCO) has taken a significant step toward boosting its coal production capacity by signing a mining lease deed for the amalgamated Utkal-D and Utkal-E Coal Blocks. The lease, executed with the District Collector of Angul on December 24, 2024, will enable NALCO to increase its coal production capacity to 4.0 million tonnes per annum (MTPA).
This development is poised to strengthen fuel security for the company’s Captive Power Plant, ensuring uninterrupted energy supply for operations. The lease is valid until April 21, 2051, ensuring a long-term resource base.
The signing ceremony was attended by key officials, including Shri N. S. Subrahmanyam, EPO-ED(S&P), and Shri S. S. Patra, GGM(Coal Mines).
In the meantime, NALCO shares closed at ₹214.44 today, slightly down from their opening at ₹218.47. The stock hit an intraday high of ₹218.51 and a low of ₹212.40. With a 52-week high of ₹262.99 and a low of ₹114.70, the stock shows significant volatility.
