National Aluminium Company Ltd

- For FY '26-'27, NALCO targets a capex of around Rs. 2,000 crores. - Next year ('27-'28), capex is expected to rise to Rs. 4,000-5,000 crores. - Peak capex for smelter erection anticipated around Rs. 7,000-8,000 crores in subsequent years. - Total investment for smelter and power plant projects estimated at Rs. 23,000-24,000 crores. - The new 0.5 million ton aluminium smelter project capex is around Rs. 18,000 crores. - Capex for '27-'28 for smelter and power plant is Rs. 4,000-5,000 crores. - Major capex cycle will peak in '28-'29 and '29-'30 at Rs. 8,000-10,000 crores annually. - There was no explicit mention of fresh fundraising through debt or equity during these discussions. - Capex will likely be funded via a mix of internal accruals and joint ventures (e.g., 50% funding via JV for power plant). No specific new debt or equity issuance is explicitly stated in the provided transcript.

- FY 26-27 capex target: ~Rs.2,000 crores; FY 27-28 expected capex: Rs.4,000-5,000 crores (Page 20). - Peak capex in subsequent years: Rs.7,000-8,000 crores due to smelter erection (Page 20). - Total investment for aluminium smelter and power plant combined: Rs.23,000-24,000 crores after adjusting JV share (Page 20). - 0.5 million ton new aluminium smelter project capex ~Rs.18,000 crores, with capex beginning FY27; peak capex in FY28-30 at Rs.8,000-10,000 crores annually (Pages 11,16). - Fifth stream alumina expansion major portion (~Rs.5,500 crores) to be capitalized this year (Page 26). - Power plant expansion planned as 50:50 JV with Neyveli Lignite Corporation to secure coal supply, sharing capex burden (Page 18). - Capex expected for wire rod mill (60,000 ton capacity) to increase alloy grade wire rod production (Page 15).

- FY27 alumina production and sales targeted at 25 lakh tons, an increase of 2 lakh tons from the previous year, driven by commissioning of the 5th stream refinery starting June (Page 6). - Aluminium metal production target for FY27 is 4.73 lakh tons, slightly higher than FY26's 4.71 lakh tons, aiming for growth in both alumina and metal volumes (Page 6). - Alumina export growth affected by Middle East disruptions but efforts ongoing to increase domestic sales; domestic alumina sales target expected to rise to 2.5-3 lakh tons (Page 5, 26). - Alumina prices expected between $300-$310 average in FY27, reflecting market normalization (Pages 14, 15). - Aluminium price expected to average around Rs.3,000 per ton in FY27, anticipating normalization post-war period (Page 19). - Overall revenue and sales growth supported by volume expansion, capacity ramp-up, and improved efficiencies (Page 4).

- NALCO expects continued growth in production and sales for FY '27: alumina production targeted at 25 lakh tons (2 lakh tons incremental from new refinery), aluminium metal production targeted at 4.73 lakh tons, slightly higher than previous year. - Capex planned at Rs. 2,000 crores in FY '27, increasing to Rs. 4,000-5,000 crores in FY '28, and peaking at Rs. 7,000-8,000 crores in subsequent years to support smelter erection and expansion. - Employee cost is expected to rise by 10-15% from January 2027 due to pay commission impact, but per ton cost is projected to decline due to volume growth. - GNAL JV losses reduced with turn to profit expected; this will improve overall profitability. - Alumina price expected to soften from Q1 highs; aluminium prices may normalize from current elevated levels. - Overall, improved efficiencies, expected volume growth, and expansion investments point to moderate profit and EPS growth ahead.

The provided pages of the National Aluminium Company Limited earnings call transcript do not mention any details about the current or expected order book or pending orders. The discussion primarily focuses on: - Production volumes of alumina and aluminium - Pricing trends of alumina, aluminium, coal, and caustic soda - Cost structure including power cost, employee cost, and raw material expenses - Expansion plans including the alumina 5th stream refinery and aluminium capacity targets - Market outlook and pricing dynamics influenced by global factors and supply-demand scenarios - Status of joint ventures and value-added product plans No specific information or figures related to order book or pending orders were provided in the available text.