NALCO eyes organic growth, to invest Rs.40,000 crore in 5 years
State-run National Aluminium Company (NALCO) has charted out a Rs.40,000 crore expansion plan that includes ramping up the capacities of existing aluminium, power and smelter plants.
"In order to emerge as a company of global repute, we have drawn ambitious growth plans worth Rs.40,000 crore for the next 5 years. These include smelter and power projects in Indonesia and Iran," said R.C. Pradhan, chairman, NALCO.
According to Pradhan, the company is planning both brownfield and greenfield projects within India.
By 2012, NALCO plans to raise its bauxite mining capacity to about 90 lakh tonne, alumina refining capacity to 30 lakh tonne, aluminium smelting to 6.3 lakh tonne and power generation to 1400 MW.
Efforts are also being made to set up an aluminium complex, and a smelter and power complex in Orissa. The latter will have a smelter capacity of 5 lakh tonne per annum and a power plant of 1260MW, Pradhan said.
Looking overseas, Pradhan said the company has signed a Memorandum of Understanding (MoU) with the government of South Sumatra for setting up a 5 lakh tonne smelter along with a 1250 MW power plant at an investment of about Rs.14,000 crore.
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