NALCO Clarifies Media Reports On Green Energy Expansion

National Aluminium Company Limited (NALCO), a leading Government of India enterprise, has issued a detailed clarification to address recent media reports suggesting that the company is planning a major green energy expansion. The clarification was submitted to both the BSE and the National Stock Exchange of India on January 28, 2026, after exchanges sought an explanation regarding a news article that claimed NALCO was exploring the development of 200–300 MW of green power capacity supported by battery storage for low-carbon aluminium production.

In its official response, NALCO stated that the claims mentioned in the media report are not accurate. The company clarified that, as of now, there have been no negotiations, discussions, or formal decisions related to setting up a 200–300 MW green power project. It stressed that no concrete steps or agreements have been undertaken in this regard. However, NALCO did share that it is currently in the process of appointing a consultant to support its renewable energy transition. This initiative is aimed at helping the company meet its existing renewable energy obligations as well as future sustainability requirements.

Addressing concerns related to recent movements in its share price, NALCO said it is not aware of any unpublished price-sensitive information that could explain the trading activity. The company explained that the recent rise in its stock price aligns with a broader increase seen across non-ferrous metal stocks in the market over the past few trading sessions. According to NALCO, this indicates that the stock movement is driven by overall market trends rather than any internal development or announcement. The company also confirmed that there are no ongoing regulatory actions or legal proceedings related to the matter.

NALCO further clarified how such news reports may have emerged. It explained that during interactions with the media, the company often discusses its long-term vision for green energy adoption and its commitment toward net-zero goals. However, it emphasized that it has not issued any official press release or announcement regarding a 200–300 MW green energy project. The company reiterated that it remains fully compliant with disclosure requirements under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The clarification, signed by Company Secretary B.K. Sahu, reaffirmed NALCO’s commitment to transparency, strong corporate governance, and timely disclosures. Through this statement, the company aimed to dispel speculation in the market and confirm that the media report has had no material impact on its operations or business plans.