Aluminium giant NALCO is all set to invest over Rs 65,000 crore to launch ambitious projects in the country and abroad. The company is exploring countries like Oman, Iran and Indonesia to set up the proposed smelter plant with an estimated investment of Rs 20,000 crore. The main reasons are power is cheap in Oman and Iran. Abundant coal is available at low cost in Indonesia. NALCO is now hopeful of Odisha government’s consent for allocation of Pottangi bauxite Mines in Koraput district.
NALCO proposes to set up the 5th Stream of one mtpa capacity in existing alumina refinery at Damanjodi. The project is envisaged with medium pressure digestion technology.
NALCO
- NALCO was incorporated as a public sector enterprise of the Ministry of Mines, Government of India in 1981.
- The main units of NALCO are at Damanjodi (Mines & Refinery complex) and Nalconagar, Angul (Smelter & Power Plant Complex)
- TK Chand is the present CMD of NALCO.
What are the Maharatna Companies in India
- Bharat Heavy Electricals Limited
- Coal India Limited
- GAIL (India) Limited
- Indian Oil Corporation Limited
- NTPC Limited
- Oil & Natural Gas Corporation Limited
- Steel Authority of India Limited
