PSU PRESS RELEASE
Govt of Odisha and CII organises investor meet on Angul Aluminium Park
Bhubaneswar: More than 70 Indian companies participated today in the investor meet on Angul Aluminium Park. There was tremendous enthusiasm on the part of project proponents for putting of industries like conductors, extrusions, aluminium foils, rolled sheets as downstream industries and also in ancillary industries in the areas of aluminium fluorides, CT pitch, equipment and parts etc.
India’s Aluminium consumption is growing at a compound rate of 15% (year-on-year), making it one of the largest consumption markets in the world. With the demand of Aluminium expected to rise further, Odisha which is the largest producer of Aluminium in the country and contributing to 54% of the country’s total smelting capacity is setting up first of its kind Aluminium Park in Angul with the facility for downstream industries to directly obtain molten aluminium from the smelter. Spread over 223 acres of industrial land, the Aluminium Park will create ample of opportunities for the downstream industries in the state.
In the meet, Principal Secretary, Department of Industries, Govt of Odisha Shri Sanjeev Chopra, leading Aluminium majors led by NALCO CMD Dr. Tapan Kumar Chand, who is also the Chairman of CII Odisha Chapter, CEOs of Vedanta and Hindalco, made presentation on opportunities in Aluminium sector, ancillary and downstream units making Odisha a hub of value addition in Aluminium.
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