Nalco Proposes a smelter plant worth 5 million tonne p.a

Union minister for steel and mining Narendra Singh Tomar chaired a meeting with heads of Central Public Sector Enterprises (CPSD) in New Delhi on Tuesday to review progress of proposals given by them at the Global Investors Summit held in Indore last month.

Tomar emphasised on expediting progress of the projects and fixed phase-wise time-limits for them. He directed for another review in the next quarter.

During the meeting the company chiefs informed about the progress of the last six months. The details of CPSE’s proposed projects are as follows: GOIL Company made proposal of around Rs 905 crore. Balaghat and Ukwa mines in Balaghat district are proposed to be expanded. The company also plans to establish a solar energy plant in the state.

Sail is considering establishment of a one million tonne per annum capacity beneficiation plant and palette plant at an estimated cost of Rs 1,500 crore. NALCO proposes to establish aluminium smelter plant of 5 Million tonne per annum capacity and a captive power plant of 1,050MW at an estimated cost of Rs 19,000 crore. Estimated investment is Rs 6,000 crore for the establishment of an aluminium refinery of 10 lakh tonne per annum capacity.

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