Nalco to expand Damanjodi refinery
Armed with two coal blocks the National Aluminium Company (Nalco) is planning to go for third phase expansion of its refinery at Damanjodi with an investment of nearly Rs 5,500 crore.
The Navratna PSU is waiting for the state government’s consent for allocation of Pottangi mines, company CMD T K Chand said here on Saturday. “While we have got the much-awaited and much-needed allocation of Utkal D and E Blocks, we are looking forward for consent of state government for allocation of Pottangi Mines in Koraput district so that alumina refinery project of Rs.5,500 crore can immediately start,” Chand said on the sidelines of the 34th annual general meeting. “Pre-project activities for the one mtpa capacity expansion work has started considering sourcing of bauxite from the existing Panchpatmali deposits,” he said.
The CMD while outlining Nalco’s target to become a global player in mining, metal and energy sectors through increased production, expansion and modernisation, also hinted at the company preparing a blue print for diversifying its operation to achieve a ‘new level of corporate distinction’.