National Aluminium Company Limited — Important, 24-12-2024: General Updates

National Aluminium Company Limited has signed the Mining Lease deed for the amalgamated Utkal-D and Utkal-E Coal Block, which will significantly enhance its coal production capacity to 4.0 million tonnes per annum (MTPA). This development is expected to bolster fuel security for the company's Captive Power Plant, underlining NALCO's commitment to securing its energy needs. The lease deed is effective until April 21, 2051, presenting a long-term resource strategy. Investors should view this as a positive outlook for operational efficiency and sustainability, positioning NALCO favorably for future growth in a competitive market.