You are right that Nalco is looking to revisit its expansion plans. While the CMD of NALCO confirmed this news, he has not divulged any details on the same. Last year, the company had said that it was set to invest Rs.30,000 crore over four years to launch a number of new projects and undertake expansion programmes. These include (some under execution) a 1 MTPA capacity 5th stream alumina refinery in the complex at Damanjodi at an estimated cost of Rs.5,540 crore and an outlay of Rs.9,000 crore on establishment of 6 lakh TPA smelter at the existing complex at Angul.

Apart from being a consistently profitable company and also a zero debt company is also a high dividend yield company which gives it that added advantage among investors. Many investors are looking at NALCO as a solid play on the rapid growth in aluminium expected once the China stimulus commences. However, patience could be the key in such stocks.