InvestorQ : Why is NALCO planning to invest nearly Rs.30,000 crore into its business?
vaishnavi mhatre made post

Why is NALCO planning to invest nearly Rs.30,000 crore into its business?

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vidhya Laxmi answered.
4 months ago
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India largest government owned aluminium manufacturer, National Aluminium Company or NALCO, proposes to invest Rs.30,000 crore into its core metals business by the year 2027. This will include an ambitious expansion *** diversification project as NALCO looks to build capacities with world class economies of scale.

In addition, Nalco will be setting up a world-class aluminium park in the state of Odisha in collaboration with the state government of Odisha. The expansion and diversification plan of NALCO will be instrumental in increasing the capacity of the smelter plant from 0.46 million tonnes per annum to 1 MTPA.

The company will also undertake a brown-field expansion project for its aluminium smelter plant. NALCO is a low-debt company but it has traditionally underperformed its other metals counterparts in India, including Hindalco and Vedanta. Currently, NALCO accounts for 32% of India’s bauxite production, 33% of alumina and 12% of the annual aluminium production.

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