India's NALCO climbs on signing mining lease for 2 coal blocks

National Aluminium

26/12/2024 06:31

** National Aluminium Co (NALCO)  NALU.NS  climbs as much as
2.9% to 219.49 rupees
    ** State-owned firm signs mining lease deed for two coal
blocks to enhance its coal production capacity, boost fuel
security
    ** Says lease deed valid up to April 2051
    ** Stock rated "buy" on avg; median PT is 252 rupees - LSEG
    ** NALU last up ~2%, extending YTD gains to ~65%

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))