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National Aluminium Company secures mining lease for Pottangi Bauxite Mines

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Capital Market

In Koraput district of Odisha

National Aluminium Company has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company's 22,75,000-tonne Alumina Refinery is located. As per a recent order issued by Department of Steel & Mines, Govt of Odisha, NALCO has been granted the mining lease of Pottangi with an area covering 1738 hectares for a period of 50 years.

NALCO's expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs.5,600 crore, greatly depended on this additional source of bauxite

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First Published: Jul 14 2016 | 8:53 AM IST

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