Nalco proposes Rs.30,000 crore investment in Odisha

Image
IANS Bhubaneswar
Last Updated : Sep 08 2015 | 11:28 PM IST

Aluminium giant Nalco has said it was ready to invest Rs.30,000 crore in Odisha, which recently unveiled a new industrial policy with an aim to attract investment of Rs.1.73 lakh core.

"Out of the prospective investors in Odisha, Nalco is in a position to invest to the tune of Rs.30,000 crore," said Nalco CMD T.K. Chand in a statement.

Recently, Chief Minister Naveen Patnaik unveiled the Industrial Promotion Resolution, 2015, eying to attract Rs.1.73 lakh crore investment and to generate employment for 3 lakh people by 2019-20.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 08 2015 | 11:20 PM IST

Next Story