NALCO in 2021 announced investment of around Rs 30,000 crore by financial year 2027-28 on the company's expansion and diversification plans

 https://youtube.com/shorts/CrUKV5bh5mE?si=VL-8nuqxVZG79vz_

·         In 2021: NALCO Ministry of Coal announced Rs 30000 crore expansion plan for the company.

·         NALCO will invest around Rs 30,000 crore by financial year 2027-28 on the company's expansion and diversification plans.

·         Out of this proposed investment, the company will spend over Rs 7,000 crore on the fifth stream refinery, Pottangi bauxite mines, bauxite transportation system from south block & Utkal D & E coal mines

·         Remaining Rs 22,000 crore will be spent on smelter and captive power plant (CPP) expansions, which also include expansion of the company's smelter plant at Angul district in Odisha with construction of a 1400 MW feeder CPP.

·         "With the ambitious growth plans that NALCO has for the future, it will contribute significantly to the alumina and aluminium sectors having a multiplier effect in the production and consumption of this strategic metal and achieve Aatmanirbhar Bharat vision under the stellar leadership of Prime Minister Narendra Modi," Joshi said.

·         NALCO is a Navratna group 'A' CPSE having integrated and diversified operations in mining, metal and power under Ministry of Mines, Government of India.

·         On NALCO’s growth plans, to remain a significant contributor in the alumina and aluminium sectors, it is essential that NALCO must go for its planned expansion, with an estimated investment of around Rs. 30,000 Crores in the next 7 – 8 years. “This will help the company for its sustainability and competitiveness. Moreover, Aluminium industry being one of the fastest growing sector among all metals has the potential to attract huge investments in the near future

·         The Rs. 30,0000 Crores expansion plan of NALCO, spread over the next 7 – 8 years will include the expansion of its Refinery by one million tonne capacity, adding 3.5 million tonne capacity Pottangi bauxite mines and operationalization of Utkal D & E Coal Blocks. Further to this, enhancement of Aluminium Smelting capacity by 0.5 million tonne  and Captive Power Plant by another approximately 1200 MW through brownfield expansions at Angul district of Odisha has been envisaged in this growth plan”,

·         2018: Nalco announces Rs 505 crore share buyback

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