NALCO to power ahead with Rs57,903 expansion

22 Aug 2011

1

State-owned aluminium producer NALCO is planning a capital investment of Rs57,903 for its expansion projects by 2020. This would include the establishment of two large aluminium smelters in India and abroad.

The Navratna firm has lined up investment of Rs16,500 crore in Indonesia for setting up a 5 MMT smelter, with 1,250 MW power plant, according to report by the parliamentary standing committee on coal and steel.

According to NALCO, the other smelter of the same size would come up in Western Orissa in two phases, with 1,260 MW power plant at an estimated investment of Rs16,345 crore.

The company plans to construct a new alumina refinery of 1.4 MMT in Andhra Pradesh as also a 1,000-MW power project as independent power producer.

An investment of Rs10,600 crore would be required for each of the projects according to the report. It added that the rest of the amount would go towards funding the existing projects.

The company's vision document 2020 said it was targeting a turnover of Rs25,000 crore by then, with an annual aluminium production capacity of 1.7 MMT.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more