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Nalco to add 1 MTPA capacity at Odisha alumina plant by 2016
Edited by : AL CIRCLE
1 min read
Nalco will add an additional one million tons per annum (MTPA) capacity by 2016 to its existing 2.1 MTPA alumina refinery in Odisha for about INR 4,570 crore, a senior company official said.
A draft of detailed project report (DPR) for the expansion of the alumina refinery has been prepared and it is being scrutinised currently, the official said.
He added that “after the completion of the expansion, we hope to generate additional revenue of about INR 2,000 crore and additional profit after tax of about INR 450 crore.”
According to him, the 1 MTPA expansion of Nalco’s existing alumina refinery will get bauxite from Pottangi mines in Odisha, which has a reserve of about 65 million tons (MT).
The company has already received in-principle approval for mining lease from the state government for the mine and has plans to begin production simultaneously with the new capacity at the alumina refinery. The mine, at its existing reserve levels, can produce bauxite till 2036.
A draft of detailed project report (DPR) for the expansion of the alumina refinery has been prepared and it is being scrutinised currently, the official said.
He added that “after the completion of the expansion, we hope to generate additional revenue of about INR 2,000 crore and additional profit after tax of about INR 450 crore.”
According to him, the 1 MTPA expansion of Nalco’s existing alumina refinery will get bauxite from Pottangi mines in Odisha, which has a reserve of about 65 million tons (MT).
The company has already received in-principle approval for mining lease from the state government for the mine and has plans to begin production simultaneously with the new capacity at the alumina refinery. The mine, at its existing reserve levels, can produce bauxite till 2036.
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