NALCO Eyes UK Market Amid US Tariff Hike: A Strategy for Growth
NALCO's chairman announced that the US tariff hike won't affect the company, as it focuses on the UK market. NALCO reported a 77% increase in net profit in Q1 2025-26, driven by strong domestic and export sales. Plans include opening a new mine and expanding operations to meet rising aluminium demand.
NALCO has strategically refocused its efforts towards the UK market, undeterred by recent US tariff hikes. The National Aluminium Company Limited reported a 77% growth in standalone net profit for the first quarter of FY 2025-26, indicating robust performance amid changing international trade dynamics.
During a press conference, Chairman Brijendra Pratap Singh confirmed that NALCO's impressive financial results stemmed largely from strengthened domestic and export market operations. The company also plans to operationalize new bauxite mines in Odisha and invest heavily in expanding its production capacity, aiming to capitalize on the increasing demand for aluminium.
NALCO's long-term strategy involves significant financial investments, with a projected Rs 34,600 crore allocated towards major expansion projects by 2030. This includes enhancing the company's alumina refinery and aluminium smelter capacity. NALCO's proactive measures underscore a commitment to reinforcing its leadership position in the global aluminium sector.
(With inputs from agencies.)
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