Central government enterprise, National Aluminium Company (NALCO), is set to join the league of million-tonne producers in the segment by 2020. It has readied about Rs 25,000 crore of investment to expand its alumina, aluminium and power capacities.
According to the statement given by a top official to a leading business daily, Hindalco and Vedanta have metal capacities of over one million tonnes (mt) a year. NALCO’s smelter at Angul can now produce upto 0.46 mt annually. A fifth pot line with capacity to produce 0.6 mt will be added to the existing four. The cost of the project is Rs 12,000 crore. Normally, such work would take 3.5-4 years to complete, but they are trying to complete it within three years, said the official.
Reportedly, the company has also initiated steps to develop its power generation and alumina production for boosting the metal capacity expansion. An agreement has been signed with NTPC for a 1,400-Mw thermal power plant at Gajamara in Dhenkanal district, close to its Angul smelter, for Rs 14,000 crore (a 50:50 joint venture) as power is a key input for aluminium making.
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