NALCO proposes to undertake major projects in 12th Five Year plan

National Aluminium Company’s (NALCO) has proposed to undertake various major projects in the 12th Five Year plan. The project proposed by the company includes alumina refinery in Andhra Pradesh, aluminium smelter and power plant at Sundargarh in Odisha and alumina refinery in Gujarat.

Besides, NALCO is also eyeing on wind power plant in Andhra Pradesh and fifth stream of alumina refinery in Koraput at Odisha.

Further, the company will also undertake nuclear power plant project in joint venture with Nuclear Power Corporation of India (NPCIL) in Gujarat.

NALCO, which started its commercial operations in 1987 has been earning profits consistently and has been declaring dividends since 1992. Since its inception, the company has paid Rs 4171.25 crore as dividend including Rs 3637.16 crore to Government of India. In addition, the company had also repaid an amount of Rs 644.31 crore to its shareholders during 1999 by reducing the capital base by 50%.