NALCO focussing on expansion and business diversification
Organisations Name : National Aluminium Company Ltd. (NALCO)
Head of the Organisation: SRIDHAR PATRA
Designation: Chairman & MD
Services Offered: Aluminium metal, Alumina & Hydrate, Zeolite-A etc.
Under the Ministry of Mines NALCO is a Navratna CPSE. The company is into diversified operations in mining, metal and power. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in the Country. It is the first PSU of India to have entered in the international market with London Metal Exchange (LME) registration since May, 1989.
In order to grow, NALCO has an Rs 30,0000 crores expansion plan over the next 7 – 8 years. The plan includes 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.
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