Jobs, growth, power: NALCO’s Rs 30,000 Cr expansion plan for Odisha

In alignment with Prime Minister Narendra Modi’s vision of ‘Viksit Bharat 2047’, NALCO is planning an expansion of 0.5 million tonnes and is also exploring the adoption of green power, NALCO’s CMD Brijendra Pratap Singh said on Monday.

Singh told IANS that as part of their 2030 plan, NALCO is proposing an expansion of Rs 30,000 crore, which includes a 0.5 million tonne smelter and a 1,080 MW thermal power plant.

These are the two major units that NALCO is planning, he said.

“The preparation of the DPR has already begun, and the appointment of a consultant, who will prepare the DPR, is expected to be completed this month. We aim to obtain Board approval for the DPR by July or August this year,” he told IANS.

Also Read: NALCO eyes sustained growth on strong aluminium demand; targets Rs 2,000 crore capex in 2026

To cater to the growing demand in the domestic market, NALCO intends to expand its aluminium smelting capacity by 0.5 million tonnes per annum (MTPA) at its Angul smelter in Odisha through brownfield expansion. 

The company has lined up Rs 30,000 crore of investment for a new 0.5 million tonne aluminium smelter and a 1,080 MW power plant.

The proposed expansion will reportedly deploy best-in-class, environmentally sustainable technology paralleling global benchmarks, with the project expected to be completed in 2030.