National Aluminium Co Ltd (NALCO) has received government approval for a bauxite mining lease in Andhra Pradesh, and will invest 60 billion rupees ($1.2 billion) to build an alumina refinery there. It would build a 1.4 million tonne alumina refinery in the
NALCO has a 1.6 million tonne alumina refinery in Orissa, and it has put on hold its plan to expand its capacity to 2.1 million tonnes. The alumina produced in Andhra Pradesh would be turned into aluminium products at NALCO's existing smelter, and some of it may be exported as well. This expansion would help serve expected growing demand for aluminium in
| Company Name | CMP |
|---|---|
| National Aluminium | 413.95 |
| Maan Aluminium | 128.05 |
| Arfin India | 89.48 |
| Manaksia Aluminium | 35.90 |
| PG Foils | 208.25 |
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