Nalco lines up Rs 200 bn capex over next 5 yrs to ramp up production

The public sector National Aluminium Company (Nalco) has lined up over Rs 200 billion investment over next five years for brownfield expansion of its aluminium, alumina and captive power generation capacities.

The company has started work to ramp up its aluminium production from 0.46 million to 1.06 million tonne at it Angul smelter with an investment of Rs 90 billion. Alongside, it is also building a new captive thermal power plant of 1320 Mw capacity at a cost of Rs 60 billion.

Similarly, the company is adding one million tonne of alumina capacity to its 2.1 million tonne refinery at Damajodi in Koraput district at an investment of Rs 55 billion. “The contracts have been awarded and the work will start shortly”, said Tapan Kumar Chand, chairman and managing director, Nalco.

While the refinery expansion is set to be completed in 2021, the new smelter line and power capacity addition will take around four years. “All these brownfield projects would double our turnover from Rs 93.77 billion in Fy18 to Rs 180 billion in 2023-24”, Chand said.