Shares of NALCO surged by 2% following the company’s recent move to enhance its coal production capacity. On December 24, 2024, NALCO signed a mining lease deed for the Utkal-D and Utkal-E Coal Blocks with the District Collector of Angul. This agreement allows NALCO to ramp up its coal output to 4.0 million tonnes per annum (MTPA), securing a steady fuel supply for its Captive Power Plant.
NALCO shares opened at ₹216.69, reaching a high of ₹218.00 and a low of ₹213.41. With a 52-week high of ₹262.99 and a low of ₹114.70, NALCO shares are stock to watch for investors.
With a lease term extending until April 21, 2051, this long-term agreement strengthens NALCO’s energy security, ensuring uninterrupted operations. The signing ceremony was attended by key officials, including Shri N. S. Subrahmanyam and Shri S. S. Patra.
As of 9:57 am, NALCO shares were trading 2.13% higher at Rs 217.92 on the NSE.
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