NALCO to invest around Rs 30,000 cr on company’s expansion & diversification plans: Pralhad Joshi
Union Minister for Coal & Mines Pralhad Joshi today said, National Aluminium Company Limited, NALCO, will invest around 30,000 crore rupees by financial year 2027-28 on the company’s expansion and diversification plans.
He was addressing the 41st Foundation Day of NALCO in capital Bhubaneswar in Odisha. The Minister said, the ambitious growth plans of NALCO will have a multiplier effect in the production and consumption of aluminium thereby achieving Atmanirbhar Bharat vision of Prime Minister Narendra Modi.
The Minister said that the Central Government is extending all round support to the mineral rich state Odisha to avoid any interruption in the mineral production of the country. Mr. Joshi said that NALCO, in association with the Govt. of Odisha is setting up a world class Aluminium Park in Angul to encourage development of downstream and ancillary industries in the state which would enhance employment generation and boost local entrepreneurship. The company that is currently operational in the tribal dominated district of Koraput and Angul in Odisha, contributes 32 per cent Bauxite, 33 per cent Aluminia and 12 per cent Aluminium production in the country.