Thursday, 3 December 2020

NALCO to invest Rs 12,000 crore on new smelter in Odisha

Updated: January 11, 2017 12:06 pm

National Aluminium Company (NALCO) plans to set up a new Greenfield smelter in Odisha at Kamakhyanagar. The site chosen for the new smelter is close to Gajamara in Dhenkanal district where NALCO is teaming up with power utility NTPC for setting up a 2,400 Mw coal-fired power station. The power project, estimated to cost Rs 14,000 crore, will be implemented by a joint venture company NTPC-NALCO Power Company. The proposed smelter’s capacity is pegged at 0.6 million tonnes per annum. Power generated by the super thermal power station will feed this greenfield smelter. Confirming the development, NALCO Chairman and Managing Director TK Chand said, “We need around 1,400 acres of land for the

new smelter. IDCO (Odisha Industrial Infrastructure Development Corporation) already has 1,500 acres of land ready at Kamakhyanagar, so we hope to receive possession of this patch of land. Also, the smelter’s location will be around 45 km from Gajamara, the proposed site of the 2,400 Mw power plant. That way, it will be easier for us to evacuate power and feed the smelter.”

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