NALCO rolls out ₹30,000 cr expansion plans

Buoyed by its stellar performance in the last fiscal, NALCO has announced plans to invest over Rs.30,000 crore on expansion across multiple and new projects, CMD, Tapan Kumar Chand said that following the sterling performance, the company has set aside a staggering sum for investment in the next four years and is launching a number of new projects and undertake major expansion programs. Among the projects under execution is the 1 MTPA capacity 5th stream alumina refinery brownfield project in the existing refinery complex at Damanjodi at an estimated cost of Rs.5,540 crore which is expected to be completed in the next couple of years. Similarly, around Rs.9,000 crore is being spent on establishment 6 lakh TPA brown field smelter plant at the existing complex at Angul in Odisha for which work has already started. Development of Utkal D and E coal mines at Angul is being undertaken at an estimated cost of Rs.534 crore and the work is likely to be completed by 2019-20 and 2022-23, respectively. It is also setting up a 2.7 lakh TPA caustic soda plant in a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) at Dahej, Gujarat at an estimated project cost of Rs.1,999 crore. Also in the pipeline is a 6 lakh TPA green field smelter in Odisha’s Dhenkanal which will entail an investment of Rs.9,000 crore and Rs.7,000 crore would be invested to set up a 1,320 MW Thermal power plant at Angul in Odisha, he claimed.