NALCO held an analyst/investor call on 12 Jun 25 with Anand Rathi Institutional Equities to discuss industry trends and growth opportunities.
CMD Brijendra Pratap Singh anticipates an average alumina price between $400-$430, potentially reaching $450, while LME is expected to be around $2500.
NALCO aims to increase alumina production by 200,000 tonnes, potentially adding ₹500-600 crore to margins.
Indigenous coal production is targeted to increase to 4 million tonnes, potentially saving ₹150-200 crore.
The company projects an EBITDA margin of around 36% for FY26, with revenues exceeding ₹15,000 crore. Last year EBITDA margin was 46% due to high alumina prices.
ED (Finance) Srimanta Panda, mentioned that the additional alumina volume will add margin of around ₹280 crore to ₹300 crore.
The 1 million ton refinery is expected to commence commercial production around April-May next year.
NALCO is planning to expand its smelter by 0.5 million tons, with land acquisition in advanced stages and DPR preparation underway.
NALCO aims for 30% green power by 2030 and is exploring green energy sources.
CMD NALCO mentioned that for FY27, if LME forecasts hold above $2700, EBITDA margins should remain strong, with increased alumina production further boosting the topline and potentially increasing margins by 3-4%.