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Nalco set to join one million tonne aluminium club in 3 yrs

Lines up Rs 20,000 cr investment for expansion of metal, alumina and power capacities

Dillip Satapathy  |  Bhubaneswar 

nalco

National Company (Nalco) is all set to join the club of one million tonne producers by 2020. The company has lined up over Rs 20,000 investment to ramp up its aluminium, and power capacities.

Among the major producers in the country, Hindalco and Vedanta have metal capacities of over one million tonne.

Nalco's smelter at Angul can now produce optimum of 0.46 million tonne per annum. The company plans to put up a new pot line to its existing facilities which will boost the making capacity to over one million tonne.

"A fifth pot line with capacity to produce 0.6 million tonnes of will be added to the existing four smelting pot lines at Angul. The cost of the project is pegged at Rs 12,000 crore. Though normally, such work would take 3.5 to 4 years to complete, we are trying to complete it within 3 years", said a top official of

Down the line, the company has initiated steps to augment its power generation and production to support the metal capacity

The company has signed an agreement with NTPC to set up a 1400 Mw thermal power plant at Gajamara in Denkanal district, close to its Angul smelter, at a cost of Rs 14,000 crore. Power is a key input for making.

Similarly, it has got the nod of the Ministry of Environment and Forest (MoEF) to increase the capacity its refinery at Damanjodi in Koraput district by one million tonne. The project would cost about Rs 5,600 crore.

In addition to feeding the new smelting capacity, the excess would be sold in the global market which is expected to generate additional Rs 200 crore net profit. In fact, after the of aluminium, and power capacities, the company's PAT is estimated to go up by Rs 1000 crore annually.

Meanwhile, the company's mining and refinery facilities, nestled in forested and naxal infested areas, has posted sterling performance in 2016-17 overcoming the issues relating to locational and technical handicaps. Nalco's mines in Panchpatmali hills, which were the target of naxal attack few years back, produced record 6.825 million tonne equalling the rated capacity. Similarly, the refinery at Damanjodi operated at 100 per cent capacity for the first time since inception producing 2.1 million tonnes of

The company is in the process of opening a new deposit in the south block of Panchpatmali and awaiting the allotment of Patangi mines which has been reserved in its favour. "The allotment of Patangi mine has been delayed due to bureaucratic hurdles. This mine is crucial for our alumina, capacity expansions", said the official.

Incidentally, share price with face value of Rs 5 has more than doubled in last one and half years to reach Rs 73.80 at close in NSE today. The company announced 56 per cent interim for 2016-17 recently which is 16 per cent higher than last year.

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Nalco set to join one million tonne aluminium club in 3 yrs

Lines up Rs 20,000 cr investment for expansion of metal, alumina and power capacities

National Aluminium Company (Nalco) is all set to join the club of one million tonne aluminium producers by 2020. The company has lined up over Rs 20,000 investment to ramp up its aluminium, alumina and power capacities.Among the major aluminium producers in the country, Hindalco and Vedanta have metal capacities of over one million tonne.Nalco's aluminium smelter at Angul can now produce optimum of 0.46 million tonne per annum. The company plans to put up a new pot line to its existing facilities which will boost the aluminium making capacity to over one million tonne."A fifth pot line with capacity to produce 0.6 million tonnes of aluminium will be added to the existing four aluminium smelting pot lines at Angul. The cost of the project is pegged at Rs 12,000 crore. Though normally, such work would take 3.5 to 4 years to complete, we are trying to complete it within 3 years", said a top official of Nalco.Down the line, the company has initiated steps to augment its power generation .. National Company (Nalco) is all set to join the club of one million tonne producers by 2020. The company has lined up over Rs 20,000 investment to ramp up its aluminium, and power capacities.

Among the major producers in the country, Hindalco and Vedanta have metal capacities of over one million tonne.

Nalco's smelter at Angul can now produce optimum of 0.46 million tonne per annum. The company plans to put up a new pot line to its existing facilities which will boost the making capacity to over one million tonne.

"A fifth pot line with capacity to produce 0.6 million tonnes of will be added to the existing four smelting pot lines at Angul. The cost of the project is pegged at Rs 12,000 crore. Though normally, such work would take 3.5 to 4 years to complete, we are trying to complete it within 3 years", said a top official of

Down the line, the company has initiated steps to augment its power generation and production to support the metal capacity

The company has signed an agreement with NTPC to set up a 1400 Mw thermal power plant at Gajamara in Denkanal district, close to its Angul smelter, at a cost of Rs 14,000 crore. Power is a key input for making.

Similarly, it has got the nod of the Ministry of Environment and Forest (MoEF) to increase the capacity its refinery at Damanjodi in Koraput district by one million tonne. The project would cost about Rs 5,600 crore.

In addition to feeding the new smelting capacity, the excess would be sold in the global market which is expected to generate additional Rs 200 crore net profit. In fact, after the of aluminium, and power capacities, the company's PAT is estimated to go up by Rs 1000 crore annually.

Meanwhile, the company's mining and refinery facilities, nestled in forested and naxal infested areas, has posted sterling performance in 2016-17 overcoming the issues relating to locational and technical handicaps. Nalco's mines in Panchpatmali hills, which were the target of naxal attack few years back, produced record 6.825 million tonne equalling the rated capacity. Similarly, the refinery at Damanjodi operated at 100 per cent capacity for the first time since inception producing 2.1 million tonnes of

The company is in the process of opening a new deposit in the south block of Panchpatmali and awaiting the allotment of Patangi mines which has been reserved in its favour. "The allotment of Patangi mine has been delayed due to bureaucratic hurdles. This mine is crucial for our alumina, capacity expansions", said the official.

Incidentally, share price with face value of Rs 5 has more than doubled in last one and half years to reach Rs 73.80 at close in NSE today. The company announced 56 per cent interim for 2016-17 recently which is 16 per cent higher than last year.

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Business Standard
177 22

Nalco set to join one million tonne aluminium club in 3 yrs

Lines up Rs 20,000 cr investment for expansion of metal, alumina and power capacities

National Company (Nalco) is all set to join the club of one million tonne producers by 2020. The company has lined up over Rs 20,000 investment to ramp up its aluminium, and power capacities.

Among the major producers in the country, Hindalco and Vedanta have metal capacities of over one million tonne.

Nalco's smelter at Angul can now produce optimum of 0.46 million tonne per annum. The company plans to put up a new pot line to its existing facilities which will boost the making capacity to over one million tonne.

"A fifth pot line with capacity to produce 0.6 million tonnes of will be added to the existing four smelting pot lines at Angul. The cost of the project is pegged at Rs 12,000 crore. Though normally, such work would take 3.5 to 4 years to complete, we are trying to complete it within 3 years", said a top official of

Down the line, the company has initiated steps to augment its power generation and production to support the metal capacity

The company has signed an agreement with NTPC to set up a 1400 Mw thermal power plant at Gajamara in Denkanal district, close to its Angul smelter, at a cost of Rs 14,000 crore. Power is a key input for making.

Similarly, it has got the nod of the Ministry of Environment and Forest (MoEF) to increase the capacity its refinery at Damanjodi in Koraput district by one million tonne. The project would cost about Rs 5,600 crore.

In addition to feeding the new smelting capacity, the excess would be sold in the global market which is expected to generate additional Rs 200 crore net profit. In fact, after the of aluminium, and power capacities, the company's PAT is estimated to go up by Rs 1000 crore annually.

Meanwhile, the company's mining and refinery facilities, nestled in forested and naxal infested areas, has posted sterling performance in 2016-17 overcoming the issues relating to locational and technical handicaps. Nalco's mines in Panchpatmali hills, which were the target of naxal attack few years back, produced record 6.825 million tonne equalling the rated capacity. Similarly, the refinery at Damanjodi operated at 100 per cent capacity for the first time since inception producing 2.1 million tonnes of

The company is in the process of opening a new deposit in the south block of Panchpatmali and awaiting the allotment of Patangi mines which has been reserved in its favour. "The allotment of Patangi mine has been delayed due to bureaucratic hurdles. This mine is crucial for our alumina, capacity expansions", said the official.

Incidentally, share price with face value of Rs 5 has more than doubled in last one and half years to reach Rs 73.80 at close in NSE today. The company announced 56 per cent interim for 2016-17 recently which is 16 per cent higher than last year.

image
Business Standard
177 22