Navaratna PSU National Aluminium Company Limited (NALCO) has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne lumina refinery is located.
NALCO has been granted the mining lease of Pottangi with an area covering 1,738 hectares for a period of 50 years, a company release said here today.
It said an order in this regard was issued by the state's Department of Steel and Mines recently.
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NALCO's expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs 5,600 crore, greatly depends on this additional source of bauxite.