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Corporate
Nalco to enhance production capacity

KOLKATA: Aluminium major Nalco has embarked upon a massive expansion plan to raise production volumes for which the company would invest Rs 4,100 crore, a company official said.

Speaking to reporters here on Friday on the sidelines of Metaltech 2005, Nalco Director (Personnel and Administration) A Ray said, the production of aluminium would be increased to 4.6 lakh tpa and that of alumina to 21 lakh tpa.

Mr Ray said Nalco would raise Rs 400 crore as loans, while the balance Rs 3,700 crore would be funded from internal accruals.

The expansion programme would be completed within 50 months time. The company would also start generating 1,200 MW of power, he said.

Meanwhile, the company has acquired two coal blocks in Orissa and had applied for two more. Nalco has also got two bauxite blocks for captive use. - PTI

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