Nalco plans to invest Rs 58k cr on expansion by 2020

New Delhi : State-owned aluminium producer Nalco plans to invest Rs 57,903 crore by 2020 on expansion, including the setting up of two large aluminium smelters in India and abroad. The Navratna firm would invest Rs 16,500 crore in Indonesia for setting up a 5 million tonne (MT) smelter, with 1,250 MW power plant, a report of the Parliamentary Standing Committee on Coal and Steel said.

It added that the other smelter of the same size would be built in Western Orissa in two phases, with 1,260 MW power plant at an estimated investment of Rs 16,345 crore.