The Exchange has sought clarification from National Aluminium Company Limited with respect to recent news item captioned Nalco eyes 200-300 MW green power capacity backed by battery storage for low-carbon aluminium.. The response from the Company is attached.
NATIONALUM · price
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The NSE asked NALCO to clarify a recent media report about the company's plans to set up 200-300 MW of green power capacity backed by battery storage, aimed at producing low-carbon aluminium. NALCO has submitted its official response to the exchange. The project reflects NALCO's growing focus on renewable energy and decarbonising its aluminium-making process. Details of the company's response, including timelines and investment size, would be in the attached clarification.
If the green power plans move forward, NALCO could lower its long-term power costs and carbon footprint, which is positive for ESG-focused investors. The stock may get short-term attention given the exchange clarification, but the project is still in the planning stage and actual capex commitments will drive the real share price reaction.