It is indeed commendable that NALCO, which started with a modest investment way back in 1981 continues its leadership position with excellent performance for more than four decades. Forty glorious years of sustainable growth reflects the fact that NALCO has matured in the business cycle and now exponential growth and expansion will take this CPSE to the next level of business excellence,” said Pralhad Joshi, Union Minister of Parliamentary Affairs, Coal & Mines while addressing the 41st Foundation Day celebrations of the Company, on Thursday in Bhubaneswar.
“The Rs 30,0000 crore 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 operationalisation 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”, he added.
The Union Minister appreciated the dedication, hard work of the management and employees for continuing their efforts for optimising production and productivity, particularly during the last few months.
wherein there has been a slump in metal prices and onset of Covid 19 pandemic.On this occasion, the Hon’ble Union Minister Shri Joshi also stressed on the fact that there exists a huge scope for increasing the per capita consumption of aluminiumin the country and it is the right time for the Indian Aluminium industries to ramp up their production and leverage this opportunity. “The annual consumption is stated to grow many fold with demand picking up under Government of India’s Atmanirbhar Bharat initiative in sectors like power, building & construction, packaging, automobile manufacturing and transportation”, he said.