National Aluminium Company Limited (Nalco) has clarified to the stock exchanges that no negotiations or events have taken place concerning the establishment of a 200-300 MW green power capacity backed by battery storage for low-carbon aluminium production. However, Nalco is in the process of appointing a consultant for its Renewable Energy (RE) transition to meet its current and future RE obligations. The company stated that it is unaware of any information not announced to the exchanges that could explain recent trading movements, noting that all non-ferrous metal stocks have generally been on an upward trend. Nalco emphasized that the news article has no material impact on the company, and there are no ongoing regulatory or legal proceedings related to this matter. The company also mentioned that while it highlights its vision towards green energy transition and net-zero obligations during media interactions, no official press release or communication was made to media houses regarding the specific news item. Nalco reaffirmed its commitment to adhering to SEBI (LODR) Regulations, 2015, and maintaining high standards of governance and disclosures.
