NALCO to invest Rs. 30000 crores on expansion by Financial year 2027-28: Pralhad Joshi
Admin
Jan 8, 2021 12:36
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Pralhad Joshi said that NALCO will invest around Rs. 30000 crores by financial year 2027-28 on the company’s expansion and diversification plans. Shri Joshi was addressing the 41st Foundation Day of NALCO today at the company’s headquarters in Bhubaneswar, the capital city of Odisha. Out of this proposed investment, the company will spend over Rs. 7000 crores on the 5th stream refinery, Pottangi bauxite mines, bauxite transportation system from south block & Utkal D & E coal mines. Remaining Rs. 22000 crores will be spent on smelter and captive power plant (CPP) expansions, which also include expansion of the company’s smelter plant at Angul district in Odisha with construction of a 1400 MW feeder CPP.
