Aluminium stocks soared on Friday, October 24, as prices of the metal rallied sharply amid tightening global supply, driving strong investor sentiment across the sector. Shares of Hindalco Industries, National Aluminium Company Limited (NALCO), and Vedanta opened with robust gains in early trade, mirroring the strength seen in global peers such as Alcoa.
Hindalco led the rally, surging over 4 per cent to hit a record high of INR 824.65 on the NSE before paring some gains to trade 3 per cent higher at INR 815.90 apiece. NALCO followed with a 3.3 per cent rise to INR 235.86, while Vedanta climbed 2.31 per cent to INR 492.95.
For Vedanta, aluminium remains a critical growth engine. Company executives said in June 2025 that earnings before interest, tax, depreciation, and amortisation (EBITDA) from its aluminium business are expected to double to USD 4 billion this fiscal year. The sharp improvement will be driven by a higher proportion of value-added products, greater raw material self-sufficiency, and the ramp-up of new smelting and refining capacities.
Aluminium currently contributes over 40 per cent to Vedanta’s consolidated EBITDA, making it the company’s second-largest profit generator after domestic zinc operations. Last fiscal year, the aluminium division reported EBITDA of INR 17,798 crore, an 84 per cent year-on-year increase, according to The Economic Times.