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Mr Samuel Abu Jinapor, Minister of Lands and Natural Resources has reiterated government's commitment to modernize and expand the Volta Aluminium Company's (VALCO) Smelter Plant in Tema. Mr Jinapor said this when he paid a working visit to the plant to familiarise with its current state and discuss the revamping…
NALCO to invest Rs 30,000 cr on expansion by 2027-28, says Pralhad Joshi ANI | Updated: Jan 07, 2021 17:56 IST
New Delhi [India], January 7 (ANI): Union Minister for Coal and Mines Pralhad Joshi on Thursday said that NALCO will invest around Rs 30,000 crores by the financial year 2027-28 on the company s expansion and diversification plans.
Joshi made the remarks while addressing the 41st Foundation Day of NALCO today at the company s headquarters in Bhubaneswar, Odisha, the Ministry of Coal said in a press release. Out of this proposed investment, the company will spend over Rs 7000 crores on the fifth stream refinery, Pottangi bauxite mines, bauxite transportation system from south block & Utkal D & E coal mines. Remaining Rs 22,000 crores will be spent on the smelter and captive power plant (CPP) expansions, which also include expansion of the company s smelter plant at Angul district in Odisha with the construction of a 1400 MW feeder