Nalco to invest Rs.57,903 crore investment by 2020

Nalco plans to invest Rs2,343 crore next fiscal, a 76% rise in capital expenditure over FY12, to increase capacity, according to 2012-13 budget documents.

The Odisha-based firm plans to invest Rs57,903 crore by 2020 mainly for setting up two aluminium smelters.

The proposed outlay includes Rs16,500 crore for setting up a 5 million tonnes (MT) smelter in Indonesia, with 1,250 MW power plant. Another smelter of the same size would be built in Western Odisha in two phases, with 1,260 MW power plant at an estimated investment of Rs16,345 crore.