NTPC-Nalco JV to set up Rs 14,000-cr power plant in Odisha

According to Piyush Goyal, joint venture is a win-win situation between Nalco & NTPC two best performing CPSUs. Nalco is planning a brownfield expansion at its aluminium smelter in Angul, with an additional capacity of 5 lakh tonnes per annum, at an estimated capex of Rs 10,000 crore. The company possesses the required land and other infrastructure for the purpose. The proposed expansion will help the Nalco to achieve economy of scale and substantially reduce its cost of production. This expansion will be taken up immediately by Nalco, incorporating latest technology ensuring reduced energy consumption and high productivity. 

Nalco is also planning to set up a greenfield aluminium smelter project with a capacity of 6 lakh tonnes per annum in Kamakhyanagar (Odisha) at an estimated investment of Rs 12,000 crore. 

Dharmendra Pradhan commented, “It is a dream come true for the people of Odisha as a power project at Gajamara, smelter project at Kamakhyanagar, brownfield expansion of smelter at Angul by Nalco and TTPS project by NTPC will all together bring an investment of Rs 48,000 crore to Odisha which will greatly enhance the industrialisation, development and employment generation in Odisha.”