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Nalco plans to invest Rs 11,450 crore in nuclear power

30 Sep 2011 Evaluate

National Aluminium Company (Nalco) is likely to invest Rs 11,450 crore for diversifying into nuclear power. The company might shift out of Orissa for its new smelter and power project in view of uncertainty on location. For diversifying into nuclear power, the company had identified Kakarapar Atomic Power Station (KAPS) - 3 & 4 projects 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.

The company reported net profit after tax of Rs 1,069 crore in 2010-11 as compared to Rs 814 crore in previous year, registering a jump of 31%. Sales revenue during the year at Rs 5,959 crore was higher by Rs 904 crore, an increase of 18% as compared to the previous year. Total metal sale of the company in 2010-11 was 438,952 tonne, which is the highest-ever, surpassing previous best of 435,979 tonne achieved during the previous year.

On the global front, the company is actively pursuing to set up a smelter and power project in Indonesia, primarily because of availability of good quality coal at economic price.

National Aluminium Share Price

437.00 -2.05 (-0.47%)
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