Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
26 JUNE 2019 AL CIRCLE

Nalco to invest INR 17,000 crore for capacity ramp up; INR 5,540 crore assigned for new alumina refinery stream

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

National Aluminium Company will reportedly invest INR 17,000 crore to enhance its production capacity. Nearly half of the proposed investment will be made in association with joint venture partners.

Nalco to invest INR 17,000 crore

{alcircleadd}

The state-run aluminium maker will invest around INR 6,000 crore on its own for establishing some downstream projects at Kamakhyanagar in Dhenkanal district of Odisha, while some INR 5,540 crore for setting up a new alumina refinery stream that is likely to be commission in 2021-22. As per the report, the company has already found the land for its downstream projects and hope to start them within three years of receipt of all statutory clearances.

Besides, Nalco will set up a high-end aluminium alloy plant with INR 4,450 crore of investment through joint venture partner Mishra Dhatu Nigam (MIDHANI). The Andhra Pradesh government has already allotted 120 acres for the project.

“With Niti Aayog already giving clearance for the project in March 2019, the financial closure plan of the project is being worked out, and is being finalised between both the organisations before taking to the Board for approval of the JV,” the source said.

Nalco is also setting up a caustic soda plant in Gujarat with an investment of INR 2,000 crore in association with Gujarat Alkalies and Chemicals (GACL).

In 2018-19, Nalco’s net profit had clocked at INR 1,732 crore, up 29 per cent from the previous fiscal. Its INR 11,386 crore turnover in FY2019 was the highest-ever. 


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.