New Delhi: National Aluminium Company Limited (NALCO), a Government of India-owned enterprise, has clarified that it has no current plans or negotiations to set up a 200–300 megawatt green power project supported by battery energy storage systems for low-carbon aluminium production.
The clarification was issued to stock exchanges after media reports suggested that the company was evaluating large-scale renewable energy capacity combined with storage solutions. In a regulatory filing submitted to both the BSE and NSE, NALCO stated that no discussions, agreements, or decisions related to such a project have taken place so far.
However, the company confirmed that it is in the process of appointing a consultant to assist with its renewable energy transition. The initiative is aimed at meeting existing and future renewable energy obligations and aligns with NALCO’s long-term sustainability and energy transition strategy.
Commenting on recent stock price movements, NALCO said it is not aware of any unpublished price-sensitive information that could explain the activity. The company noted that shares of non-ferrous metal companies have generally been trending higher in recent sessions, and NALCO’s stock performance is in line with broader sectoral trends.
NALCO further emphasized that the media reports have no material impact on its business operations or financial position. It also confirmed that there are no ongoing regulatory or legal proceedings related to the matter.
Reiterating its commitment to regulatory compliance, the company stated that it strictly adheres to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While NALCO often discusses its long-term green energy and net-zero ambitions during public and media interactions, it clarified that no official announcement or press release has been issued regarding the specific project mentioned in recent reports.