In a strategic move aligning with Prime Minister Narendra Modi’s Vision Viksit Bharat 2047, National Aluminium Company Limited (NALCO) is gearing up for a significant expansion. The state-run aluminium giant announced plans to boost its production capacity by 0.5 million tonnes while prioritizing green energy initiatives. This was revealed by NALCO’s Chairman and Managing Director, Brajendra Pratap Singh.
Under its ambitious 2030 roadmap, NALCO is set to invest a whopping Rs 30,000 crore. This capital outlay will fund the development of a new 0.5 million tonne smelter and a 1,080 MW thermal power plant. Detailed Project Reports (DPRs) are already in progress, with a consultant appointed to finalize them this month. The company aims for board approval by July or August this year.
The expansion will take place at NALCO’s Angul smelter through a brownfield project, tailored to meet surging domestic demand. Advanced, eco-friendly technologies meeting global standards will be employed, with completion targeted for 2030.
Singh highlighted the company’s three-year vision, emphasizing the commissioning of the fifth stream at the alumina refinery and operations at Pottangi mines by June this year. Additionally, a 60,000-tonne wire rod mill for downstream and value-added products is on the cards.
What sets NALCO apart from private competitors like Vedanta and Hindalco? Its ownership of bauxite and coal mines ensures cost-effective raw materials and superior backward integration, providing a competitive edge in the market.
This expansion not only strengthens India’s aluminium sector but also underscores NALCO’s commitment to sustainable growth, positioning it as a leader in green manufacturing.