NALCO aims for sustained growth on robust aluminium demand, plans Rs 2,000 crore capex in 2026

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NALCO aims for sustained growth on robust aluminium demand, plans Rs 2,000 crore capex in 2026

NALCO remains optimistic about maintaining its revenue growth, driven by favourable metal prices and increasing demand from key sectors, said CMD Brijendra Pratap Singh.

Published by Abhishek Swain | January 19, 2026

National Aluminium Company Ltd (NALCO) remains optimistic about sustaining its revenue momentum, buoyed by favourable metal prices and growing demand from key sectors, according to CMD Brijendra Pratap Singh.

Speaking to ANI about the company’s financial performance and outlook, Singh noted that NALCO recorded revenues of around Rs 16,000 crore in the previous financial year and expects continued growth. Aluminium accounts for nearly 70 percent of total revenue, with domestic demand largely driven by the power sector, which represents about 40 percent of consumption. He highlighted that rising aluminium usage in infrastructure, electric vehicles, construction, and packaging is expected to further boost demand in the coming years.

Addressing industry challenges, Singh emphasized sustainability, particularly the production of green aluminium. He explained that power constitutes roughly 35–40 percent of aluminium production costs, making affordable and reliable green energy crucial for reducing carbon emissions. While transitioning to round-the-clock renewable power is essential, he noted that high energy storage and transmission costs remain significant hurdles.

On investment plans, Singh said NALCO has allocated around Rs 2,000 crore in annual capital expenditure for the current year. Immediate priorities include commissioning the upstream aluminium refinery and commencing mining operations at the Potangi bauxite mines, both targeted for completion by June 2026.

The CMD added that these initiatives, combined with sustained demand and strategic investments, are expected to enhance NALCO’s operational capacity and support long-term growth.