Nalco readies Rs 25,000-crore investment for expansion

The share price, face value of Rs 5, has more than doubled in the past

National Aluminium Company (Nalco), a central government-owned entity, is set to join the club of million-tonne producers in the segment by 2020. It has readied about Rs 25,000 crore of investment to expand its aluminium, alumina and power capacities.

In the country, Hindalco and Vedanta have metal capacities of over one million tonnes (mt) a year. Nalco’s smelter at Angul can now produce up to 0.46 mt annually. “A fifth pot line with capacity to produce 0.6 mt will be added to the existing four. The cost of the project is Rs 12,000 crore. Normally, such work would take 3.5-4