Prime Minister Narendra Modi’s ‘Viksit Bharat 2047’ vision, focusing on infrastructure development, economic growth, and achieving net-zero emissions, is being embraced by NALCO, according to CMD Brijendra Pratap Singh. NALCO is planning a 0.5 million tonne expansion and considering the adoption of green power to align with this vision. Singh mentioned a proposed Rs 30,000 crore expansion plan for 2030, including a 0.5 million tonne smelter and a 1,080 MW thermal power plant.
Preparations for the Detailed Project Report (DPR) are underway, with the appointment of a consultant for the DPR expected to be finalized soon. NALCO aims to secure Board approval for the DPR by July or August this year. The company intends to increase its aluminium smelting capacity by 0.5 million tonnes per annum through brownfield expansion at its Angul smelter in India, investing Rs 30,000 crore in a new smelter and power plant.
NALCO’s proposed expansion will incorporate environmentally sustainable technology meeting global standards, with completion targeted for 2030. Singh highlighted the immediate goals of commissioning the Alumina plant’s fifth stream expansion and commencing operations at the Pottangi mines within three years. Additionally, plans include establishing a wire rod mill with a 60,000-tonne capacity for downstream and value-added products.
Singh emphasized NALCO’s advantage over private sector competitors Vedanta and Hindalco due to its ownership of bauxite and coal mines, reducing raw material costs and enhancing backward integration. This strategic position provides NALCO with a competitive edge in the market.
