![]() Financial Daily from THE HINDU group of publications Sunday, Nov 06, 2005 |
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Corporate
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New Projects Nalco to develop coal block in Orissa for captive use Our Bureau
Kolkata , Nov. 5 THE Union Ministry of Coal has allocated a virgin block at Talcher coalfield in Orissa to National Aluminium Company Ltd (Nalco) for developing it to meet its own requirement. The company's requirement will go up substantially with the completion of the ongoing capacity expansion plan of its captive power plant from 960 MW to 1,200 MW by 2007. The power plant's capacity is being expanded in tandem with the company's ongoing capacity expansion programme of its bauxite mines from 4.8 million tonnes (m.t.) to 6.3 m.t., alumina refinery from 1.6 m.t. to 2.1 m.t. and aluminium smelter from 0.34 m.t. to 0.46 m.t. A Nalco source said the company's captive power plant was finding it difficult to meet the full requirement of coal from domestic sources. It has thus taken steps to import coal to ensure generation of requisite power even for the existing operations. Meanwhile, the Orissa Government has recommended for leasing Pottangi bauxite deposit to the company.
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