At NSE, shares of the company rose by 2.46% to close at Rs 41.55
Firm's production cost has fallen to $190 a tonne compared to global benchmark of $220-230 a tonne
The arrangement is a precursor to the company's proposal to set up greenfield smelter at Chabahar
In FY15, the company had declared a total dividend of Rs 451.02 crore.
The board will meet on April 22 to consider buyback of fully paid-up equity shares
Task force will consist of senior project executives of Nalco, Iranian Aluminium Company and officials from Iran's industries ministry
Govt will miss its divestment target in the 2015/16, for the sixth year in a row due to weak commodity prices
Nalco expects India to double its aluminium consumption to five million tonnes in the next four years