National Aluminium Company Limited

Integrated operations : Bauxite – Alumina – Aluminium – Power & Port Facilities

Share Holders & Financial Advisors

March 2008

2

Spectrum of Operations

8TH LARGEST BAUXITE DEPOSIT IN THE WORLD.

LOW ENERGY CONSUMPTION. 48 LAKH TPY CAPACITY- BEING

EXPANDED TO 63 LAKH TPY. MECHANIZED MINES WITH HIGH

PRODUCTIVITY. TRANSPORT THROUGH CONVEYOR

BELT (14.6 KM). 100% CAPACITY UTILIZATION.

•15.75 LAKH TPY CAPACITY- BEING EXPANDED TO 21 LAKH TPY.•AMONG THE LOWEST COST PRODUCERS.•SPL. HYDRATES, SPL. ALUMINA AND ZEOLITE ADDED.•CO-GENERATION POWER OF 55.5 MW FROM PROCESS STEAM.• 100% CAPACITY UTILIZATION.•DEBOTTLENECKING TO INCREASE CAPACITY TO 22.75 LAKH TPY BY 2010.

Bauxite Mine Alumina Refinery

3

Spectrum of Operations

•MODERN TECHNOLOGY FROM AP, FRANCE.•CAPACITY 3.45 LAKH TPY- BEING EXPANDED TO 4.6 LAKH TPY.•INTEGRATED ANODE MAKING, ALUMINIUM CASTING AND ROLLING.•INGOTS, BILLETS, WIRE RODS, SOWS & STRIP COILS.•50,000 MT CAPACITY ROLLED PRODUCTS UNIT.

•960 MW -CAPACITY- BEING EXPANDED TO 1200 MW.•LOW COST OPERATION.•HIGH PLANT LOAD FACTOR.•ADVANCED ELECTROSTATIC PRECIPITATOR (99.9% EFFICIENCY) TO CONTROL POLLUTION.•ZERO DISCHARGE OF EFFLUENTS.

VIZAG :•CAPACITY TO HANDLE SHIPS UPTO 35,000 DWT.•MECHANIZED MOBILE SHIP LOADER.•MECHANIZED STORAGE FACILITIY.•EXPORT OF ALUMINA AND IMPORT OF CAUSTIC SODA.

OTHERS :•EXPORT OF ALUMINIUM THROUGH KOLKATA & PARADIP PORTS.

Aluminium Smelter Thermal Power Plant Port facility

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PAST HIGHLIGHTS

27403349

4420

5324

6515

2003 2004 2005 2006 2007

15011717

22002306

2586

2003 2004 2005 2006 2007

521737

1235

1562

2381

2003 2004 2005 2006 2007

8.0811.44

19.1724.25

37

2003 2004 2005 2006 2007

CAGR 24%

CAGR 46%

CAGR 15%

CAGR 46%

SALES Exports

Net Profit EPS

Rs. Crore

Rs.

5

PRODUCTION – NEXT FIVE YEARS

46.550

63 64 64

90

0

10

20

30

40

50

60

70

80

90

Lak

h M

T

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Bauxite

15.75 16.3

2122.75 22.75

30

0

5

10

15

20

25

30

Lak

h M

T

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Alumina

3.57 3.7

4.6 4.7 4.7

5.85

0

1

2

3

4

5

6

Lak

h M

T

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Aluminium

5650 6000

8000 8000 8000

9500

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

10000

Mln

KW

H

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Power

6

FINANCIAL PERFORMANCE – NEXT FIVE YEARS

16001500

2000 2050 2050

2650

0

500

1000

1500

2000

2500

3000

Rs. C

rore

s

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Net Profit (After Tax)

5350 5500

7000 7200 7200

9000

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Rs. C

rore

s

2007-08 2008-09 2009-10 2010-11 2011-12 2012-13

Year

Sales

LME

$ 264

0

LME

$ 265

0

LME

$ 269

0

LME

$ 270

0

LME

$ 270

0

LME

$ 265

0

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Growth Initiatives

8

EXPANSION OF REFINERY

5TH STREAM OF 7 LAKH MT IN

REFINERY FROM YEAR 2012

(TOTAL CAPACITY – 30 LAKH MT)

INVESTMENT – Rs 1800 CRORE

9

BAUXITE NEED OF REFINERY

YEARS REFINERY

CAPACITY

ANNUAL

BAUXITE CONSUMPTION

TOTAL

BAUXITE CONSUMPTION

2008-11 23 68 272

2012-40(ADDITION OF 5TH STREAM)

30 89 2581

TOTAL 2853

LAKH MT

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BAUXITE RESERVE

MINE 2008 LEVEL CUM

PANCHPATMALI 1860 1860

POTTANGI 700 2560

LAKH MT

REQUIREMENT TILL YEAR 2040 - 2853

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EXPANSION OF SMELTER

• 5TH POTLINE OF 1.15 LAKH MT AT ANGUL

• INVESTMENT: Rs 1800 CRORE (SMELTER)

Rs 500 CRORE – 1x 120 MW

(POWER)

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5TH POTLINE - ANGUL• REQUIREMENT

LAND : 100 HECTAREPOWER : 1.7 MU P.A. (120MW+SURPLUS )COAL : 8.5 LAKH MT P.A.

ALUMINA: 2.3 LAKH MT• POSITION

LAND : UNDER ACQUISITION BY GOVTCOAL : ADDITIONAL LINKAGE OF

1O LAKH MT REQUIRED (UTKAL-E COAL BLOCK CAN CATER

FOR 17 YEARS ONLY)

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BACKGROUND

• SURPLUS ALUMINA – 18 LAKH MT

• SURPLUS ALUMINA + VALUE ADDITION

• NEEDS CAPTIVE POWER

• REFINERY or SMELTER- NEEDS BAUXITE / COAL

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GREENFIELD SMELTER

• SETTING UP 5 LAKH MT SMELTER IN TWO PHASES OF 2.5 LAKH MT EACH

• 7000MU POWER NEEDED - 1250 MW CAPACITY

• CAPTIVE POWER PLANT NEEDS 75 LAKH MT COAL OR 80 BILLION CUBIC FT GAS PER YEAR.

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INDIA (ORISSA)

• MINES + REFINERY + POWER + SMELTER

• REFINERY + POWER + SMELTER

• POWER + SMELTER

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PLANTS INVESTMENT

POWER – 1250 MW

SMELTER – 5 LTPA

Rs 16,000 CRORE

REFINERY – 7 LTPA

POWER – 1250 MW

SMELTER - 5 LTPA

Rs 24,000 CRORE

MINE – 42 LTPA

REFINERY – 14 LTPA

POWER – 1250 MW

SMELTER - 5 LTPA

Rs 24,500 CRORE

INVESTMENT- INDIA

17

ABROAD

• SMELTER + POWER (Gas-based)

• SMELTER + POWER (Coal-based)

• SMELTER (Where power is purchased)

Contd..

18

ABROAD• INDONESIA:

MoU signed with Govt. of South Sumatra. Consultant being engaged in Indonesia to prepare feasibility report.

• SAUDI ARABIA: Discussions on with potential local partner of Gulf for setting up Plants in Saudi Arabia in JV.

Contd..

19

• SOUTH AFRICA:

Matter being pursued with South African Govt for JV, with a local Group

• IRAN:

Discussions on with a local Company of Iran for JV.

ABROAD

20

INVESTMENT- ABROADPLANTS INVESTMENT

POWER(COAL)– 1250 MW

SMELTER – 5 LTPA

Rs 16,000

CRORE

POWER(GAS) – 1320 MW

SMELTER – 5 LTPA

Rs 15,000

CRORE

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UP & DOWNSTREAM

INTEGRATION

22

• FLY ASH UTILIZATION

• CAUSTIC SODA PROJECT

• WIND POWER PROJECT

• ALUMINIUM WAGON PROJECT

• CT PITCH PROJECT

UP & DOWNSTREAM INTEGRATION

23

• FLY ASH UTILIZATION: 12 EOI received to utilize fly ash and convert it into saleable products. Under evaluation.

• CAUSTIC SODA: 12 EOI received for setting up a 50 to 120 K MT plant. Under evaluation.

UP & DOWNSTREAM INTEGRATION

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• WIND POWER:Wind data being collected at Damanjodi.

Target- 50 MW Farm by 2010.

• ALUMINIUM WAGON PROJECT: MOU being signed with BEML for prototype of Aluminium Rail Wagon.

• CT PITCH :Discussion with NINL is on for a JV project.

UP & DOWNSTREAM INTEGRATION

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ALUMINIUM INDUSTRIAL PARK

Park at Angul is proposed to be

developed through a Special Purpose

Vehicle (SPV) comprising NALCO,

IDCO, OSFC, OSIC and other private

parties.

UP & DOWNSTREAM INTEGRATION

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