PSU NEWS
Nalco to spend Rs 1,000 cr on developing coal blocks
BHUBANESHWAR. Aluminium major National Aluminium Company Ltd (Nalco) will spend around Rs 1,000 crore for developing Utkal D and E coal blocks allocated to it recently. Both the coal blocks are located in the vicinity of Nalco`s 0.46 million tonne aluminium smelting facility at Angul.
"The company will spend about Rs 1,000 crore in next two to three years for the development of two coal blocks. The amount includes Rs 128 crore already spent on the development of the Utkal E block", T K Chand, chairman cum managing director, Nalco told media persons on the sidelines of an event here. Business-standard
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