NALCO Unveils Rs 30,000 Crore Expansion Plan to Boost Aluminium Production

NALCO announces a Rs 30,000 crore expansion, aiming for Maharatna status by 2030. The plan includes new smelter and power capacities. With a significant net profit increase, NALCO is strengthening its value chain. Ongoing growth and operational initiatives bolstered by rising sales and record-breaking profits fuel expansion efforts.

State-owned National Aluminium Company Limited (NALCO) is investing Rs 30,000 crore over the next five years to enhance its operations, including establishing a new smelter plant and a captive coal power plant, informed CMD Brijendra Pratap Singh.

NALCO's plans encompass increasing bauxite mining capacity from 7.5 to possibly 11 million tonnes and boosting alumina capacity by 1 million tonnes. The company is also set to commission an additional smelter, enhancing capacity to approximately 9.6 lakh tonnes, alongside adding a 1000 megawatt power plant.

With its headquarters in Bhubaneswar, Odisha, NALCO aims for Maharatna status by 2030. Reporting robust financial performance with a 77% net profit increase in Q1 FY 2025-26, NALCO is leveraging financial strengths for strategic expansions, including significant increases in domestic and export alumina sales.