NALCO Goes Big: A ₹30,000 Crore Bet on India's Aluminium Future

State-owned National Aluminium Company Limited (NALCO) has announced a major capital expenditure plan of ₹28,000–30,000 crore over the next three to four years. According to Chairman and Managing Director Brijendra Pratap Singh, the investment is a core part of NALCO's medium- and long-term strategy to boost production and strengthen its domestic market presence.

The expansion centers on two flagship projects: a new 0.5 million-tonne aluminium smelter budgeted at approximately ₹17,000 crore, and a 1,000 MW captive power plant estimated at ₹10,000 crore.

Speaking on the timeline, Singh noted that NALCO is currently drafting the Detailed Project Report (DPR). The company aims to finalize the tendering process and break ground by August or September 2027, with an ultimate goal of commissioning both facilities by 2030 or 2031.

News by Rahul Yelligetti.