Indian Economy News

Nalco lines up ~200 billion capex for next five years

New Delhi: National Aluminium Company (Nalco) has lined up over ~200 billion investment over the next five years for brownfield expansion of its aluminium, alumina and captive power generation capacities. The firm has started work to ramp up its production from 0.46 million to 1.06 million tonnes at Angul smelter in Odisha with an investment of ~90 billion. It is also building a new captive thermal plant of 1,320 Mw capacity at a cost of ~60 billion. Similarly, the company is adding one million tonne of alumina capacity to its 2.1 million tonnes refinery in Koraput district at an investment of ~55 billion. “The contracts have been awarded and the work will start shortly,” said Tapan Kumar Chand, chairman and managing director, Nalco.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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