National Aluminium Company (NALCO) witnessed a rise in share price on Friday after the company has signed an MoU with the Ministry of Mines, Government of India (GoI) for setting higher targets in production, productivity, turnover and CAPEX for the FY 2017-18.

The MoU was formulated as per the new Department of Public Enterprise guidelines and finalized after discussions with both Inter-Ministerial Committee as well as Ministry of Mines.

Shares of National Aluminium Company  are trading at Rs 68.00, up Rs 1.4, or 2.10%  at the Bombay Stock Exchange (BSE) on Friday at 9:37 a.m.

The scrip has touched an intra-day high of Rs 68.20 and low of Rs 67.20. The total volume of shares traded at the BSE is 85,341.

Total volume of shares traded on the bourses today was lower by 72.55% to 763,678 compared with 22-day average volume of 2,781,648.