Nalco lines up Rs22,000-core expansion plans
20 Jan 2010
Public sector aluminium producer National Aluminium Company Limited (Nalco) has proposed investment totalling about Rs22,045 crore to establish mines and refinery project in Visakhapatnam and an aluminium smelter and coal-based captive power plant at Brajarajnagar in Orissa as a part of its expansion plan.
The plan involves expansion of Nalco's bauxite mining capacity to 42,00,000 tonnes per year and raising its aluminium smelter capacity to 5,00,000 tonnes per year.
The aluminium smelter will come up in Jharsuguda, Orissa along with a 1,260 MW captive power plant at an estimated investment of Rs16,345 crore.
Nalco has recently been given bauxite mines in Andhra Pradesh with a capacity of 42 lakh tonnes per year.
Nalco's alumina plant capacity is expected to rise to 14,00,000 tonnes per year post expansion. The plant will be set up in Visakhapatnam, Andhra Pradesh, at a cost of about Rs5,700 crore, mines minister B K Handique had earlier said in the Lok Sabha.
Besides, the company is setting up a captive power plant of 1260 mega Watt capacity, in two phases.
Nalco said it has already released Rs17 lakh of the Rs2 crore earmarked for pre-project activities in Andhra Pradesh and Rs40 lakh of the Rs2 crore earmarked for the Orissa project as of 25 November 2009.
"Nalco has informed that they propose to establish mines and refinery project in Visakhapatnam, Andhra Pradesh and an aluminium smelter plant and coal-based captive power plant at Brajarajnagar in Jharsuguda, Orissa as a part of its expansion plan in India," Handique added.
