MUMBAI (Commodity Online): India’s National Aluminium Company Limited (Nalco) will set up mines and refinery project in Andhra Pradesh and an aluminium smelter in Orissa.
Nalco plans to spend $1.2 billion in the Andhra Pradesh project that would be located in Visakhapatnam district and Rs 16,350 crore in Orissa that would be located in Brajarajnagar in Jharsuguda distrct for the smelter and a captive power plant. The proposed aluminium smelter will have five lakh tonnes a year capacity and will be completed in two phases.
Nalco has also signed a memorandum of understanding (MoU) with the Orissa government for setting up an aluminium park at Angul in a 50:50 joint venture with the state’s Industrial Infrastructure Development Corporation (IDCO) at an investment of Rs. 75 crore.
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.
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.
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.
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