NALCO to Invest Rs 300 Billion in Smelter, Power Plant
POWER & RENEWABLE ENERGY

NALCO to Invest Rs 300 Billion in Smelter, Power Plant

State-run National Aluminium Company (NALCO) will invest Rs 300 billion over the next five years to develop a new aluminium smelter and a coal-based power plant, Chairman and Managing Director Brijendra Pratap Singh announced on Thursday.

Speaking to reporters in New Delhi, Singh said approximately Rs 180 billion has been earmarked for setting up a greenfield smelter project in Odisha. The investment will be financed through a combination of internal accruals and debt. The remaining Rs 120 billion will go towards establishing a coal power plant, for which NALCO is currently in discussions with Coal India and NTPC.

Singh also shared that NALCO is actively exploring new coal and bauxite mining opportunities within India to secure long-term raw material supply. The company already operates integrated bauxite mining and alumina refining operations in Odisha.

Beyond domestic expansion, NALCO is eyeing global resources to support India’s growing electric vehicle ecosystem. The company is conducting eligibility assessments at five lithium mines in Argentina, a key source of the critical mineral used in battery manufacturing.

Through its joint venture, Khanij Bidesh India Limited (KABIL)—a collaboration with Hindustan Copper and Mineral Exploration and Consultancy Limited—NALCO is also pursuing equity investments in Australian lithium assets. These efforts align with India’s broader strategy to secure access to critical minerals and build a resilient supply chain for green technologies.

 


State-run National Aluminium Company (NALCO) will invest Rs 300 billion over the next five years to develop a new aluminium smelter and a coal-based power plant, Chairman and Managing Director Brijendra Pratap Singh announced on Thursday.Speaking to reporters in New Delhi, Singh said approximately Rs 180 billion has been earmarked for setting up a greenfield smelter project in Odisha. The investment will be financed through a combination of internal accruals and debt. The remaining Rs 120 billion will go towards establishing a coal power plant, for which NALCO is currently in discussions with Coal India and NTPC.Singh also shared that NALCO is actively exploring new coal and bauxite mining opportunities within India to secure long-term raw material supply. The company already operates integrated bauxite mining and alumina refining operations in Odisha.Beyond domestic expansion, NALCO is eyeing global resources to support India’s growing electric vehicle ecosystem. The company is conducting eligibility assessments at five lithium mines in Argentina, a key source of the critical mineral used in battery manufacturing.Through its joint venture, Khanij Bidesh India Limited (KABIL)—a collaboration with Hindustan Copper and Mineral Exploration and Consultancy Limited—NALCO is also pursuing equity investments in Australian lithium assets. These efforts align with India’s broader strategy to secure access to critical minerals and build a resilient supply chain for green technologies. 

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code