In a bid to expand existing facilities, setting up of new smelter unit overseas, development of mines and diversification in power, National Aluminium Company (Nalco) is planning to invest over Rs 37,000 crore over the next 5-7 years.
The company is undertaking the investment plan to reduce operational expenses and to beat the depressed market realizations. The company is in advanced stages of discussions to explore the possibility of setting up smelter of 0.5 million tonne a year (mtpa) capacity in Iran. The proposed smelter will come up at an estimated cost of Rs 12,000-13,000 crore.
Nalco has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
