National Aluminium Company Limited
Aluminum · Basic Materials
Analyst
Kotak Securities
Equibles does not estimate personal net worth.
Sumangal Nivatya is recorded as Analyst at Kotak Securities. Sumangal Nivatya has spoken on 5 earnings calls across 4 companies, most recently for Vedanta Aluminium Metal Limited on October 28, 2026. Those appearances were for National Aluminium Company Limited, Vedanta Aluminium Metal Limited, Vedanta Iron and Steel Limited and Hindalco Industries Limited. The companies whose calls Sumangal Nivatya spoke on are classified in the Basic Materials sector.
“So, first, continuing on CGMRI, can you share what is the likely cost delivered at the refinery versus external box site, and what could be the cost saving once the mine ramps up?”
“So just continuing on the previous question. So one on the CapEx, can you share 1Q how much we spent? And then for the expansion, I just want to know the power CapEx will happen in the JV?”
“First question is to Ajay on the overall capital allocation. So one is, at the VRL level, can we assume that a large part of deleveraging is behind now, given that we've refinanced, and going forward, the focus would be more on growth, or are we expecting further deleveraging from $4.5 billion debt?”
“First one, I just want to understand the hedges better. We understand the aluminum part.”
“For a chance, I got disconnected, so please excuse if it's already discussed. My first question is on coal. Can you just remind us what was the captive coal production for Fi26?”
Kotak Securities
Analyst
Transcript header (unverified)
National Aluminium Company Limited
Aluminum · Basic Materials
Vedanta Aluminium Metal Limited
Aluminum · Basic Materials
Vedanta Iron and Steel Limited
Steel · Basic Materials
Hindalco Industries Limited
Aluminum · Basic Materials
Earnings Call for the Quarter Ended September 30, 2026
Vedanta Aluminium Metal Limited
Earnings Call for the Quarter Ended June 30, 2026
National Aluminium Company Limited
Earnings Call for the Quarter Ended June 30, 2026
Vedanta Iron and Steel Limited
Earnings Call for the Quarter Ended March 31, 2026
Hindalco Industries Limited
Earnings Call for the Quarter Ended March 31, 2026
National Aluminium Company Limited