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
Nalco to invest Rs 30,000 cr by 2027-28: Minister
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NALCO Plans Around Rs 30,000 Crore Investment On Expansion, Diversification By FY28
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