NALCO to Invest Rs 300 Billion in Smelter, Power Plant

01 Sep 2025 CW Team

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..