State-run National Aluminium Company (Nalco) has planned to diversify into nuclear power generation by investing Rs 11,450 crore jointly with Nuclear Power Corporation of India in a project. Nalco had identified Kakarapar Atomic Power Station (KAPS) - 3 & 4 project for development, jointly with Nuclear Power Corporation of India at a cost of Rs 11,450 crore. The recommendation for the investment is under consideration by the Government. Nalco is actively pursuing to set up a smelter and power project in Indonesia, primarily because of availability of good quality coal at economic price. Two coal mining firms have been identified for long-term arrangement for sourcing coal for the planned project.
