New Delhi, March 2 (PTI) State-owned aluminium producer Nalco will spend Rs 1,389 crore in the next fiscal for its several long-term expansion programmes, according to the Budget statement.
The other public sector mining firm Hindustan Copper, which is expecting the Cabinet nod for its share sale plan soon, has also earmarked Rs 150 crore for its capital expenditure in 2010-11, almost double of the amount it has planned for the current fiscal.
The three mining PSUs --Nalco, Hindustan Copper and Mineral Exploration Corporation of India-- and geological mapping body GSI have been allocated Rs 1,553 crore for 2010-11. Lion's share of 89 per cent of the allocated amount goes to the navratna aluminium producer Nalco.
In the current fiscal, the earmarked amount for all these agencies under the Ministry of Mines was Rs 1,046 crore.
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