National Aluminium Company (Nalco) Buyback 2021
(i) National Aluminium Company Limited (NALCO) is a Navratna CPSE under Ministry of Mines. It was established on 7th January 1981 in the Public Sector, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diversified operations in mining, metal, and power with a sales turnover of Rs 9,376 crore in the financial year 2017-18. Presently, Government of India holds 56.59% equity of NALCO.
(ii) NALCO is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha. NALCO has bulk shipment facilities at Vizag port for the export of Alumina/Aluminium and import of caustic soda and also utilizes the facilities at Kolkata and Paradeep Ports. The Company has registered sales offices in Delhi, Kolkata, Mumbai, Chennai and Bangalore and 9 operating stockyards at various locations in the Country to facilitate domestic marketing.
(iii) The Company is the lowest-cost producer of metallurgical grade alumina in the World as per Wood McKenzie report. With sustained quality products, the Company’s export earnings accounted for about 43% of the sales turnover in the year 2017-18 and the Company was rated 3 rd highest net export earning CPSE in 2016-17 as per Public Enterprise Survey report. With its consistent track record in capacity utilization, technology absorption, quality assurance, export performance and posting profits, NALCO is a bright example of India’s industrial capability.
(iv) NALCO is the first Public Sector Company in the country to venture into the international market in a big way with the London Metal Exchange (LME) registration since May 1989. The Company is listed at Bombay Stock Exchange (BSE) since 1992 and National Stock Exchange (NSE) since 1999. Besides, ISO 9001, ISO 14001, OHSAS 18000 & SA 8000 certifications, the Company has also adopted ISO 50001 standards for Energy Management System.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 08 2021|
|Buyback Opening Date:||Feb 25 2021|
|Buyback Closing Date:||Mar 10 2021|
|Buyback Offer Amount:||₹ 749 Crores|
|Date of Board Meeting approving the proposal:||Jan 27 2021|
|Date of Public Announcement:||Jan 27 2021|
|Buyback Offer Size:||6.98%|
|Buyback Number of Shares:||13,02,79,083|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 57.50 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||2,113||1,189||964||2,039||2,741||224|
|EPS in Rs||5.13||3.05||3.45||6.94||9.29||0.73|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,66,956||1,66,956||1,66,956||1,66,956|
|No. of Shares buyback||1147||1739||2608||3478|