Big amount will be invested by NALCO with Coal India and NTPC in next five years
NALCO is planning to undergo a joint venture with Coal India and NTPC Ltd and will invest around Rs 30,000 crore in setting up a new aluminium smelter and an associated coal-based power plant in the next five years
New Delhi, 29 August 2025: State-run National Aluminium Company Ltd (NALCO) is planning to undergo a joint venture with Coal India and NTPC Ltd and will invest around Rs 30,000 crore in setting up a new aluminium smelter and an associated coal-based power plant in the next five years, as per the Chairman and Managing Director of the company, Shri Brijendra Pratap Singh. With this, the company is planning to allocate around Rs 18,000 crore for establishing the proposed smelter in Odisha.
Approximately 12,000 crore is expected to be invested for building a coal-based power plant JV with two other leading PSUs. Singh added that the project will be financed with a mixture of debt and internal resources.
In order to back the growing strategy, NALCO is also looking forward to acquiring new bauxite and coal mines to foster raw material security, along with seeking opportunities to bid for critical mineral mines in India.
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The PSU company is seeking equity participation in lithium assets in Australia through Khanij Bidesh India Ltd (KABIL), which is a joint venture of leading public sector units. These entities are tasked with securing critical mineral resources abroad. Three PSUs, NALCO, Hindustan Copper Ltd., and Mineral Exploration Corporation Ltd. (MECL), under the administration of the Ministry of Mines, set up KABIL in 2019, with NALCO holding 40% and HCL and MECL 30%.
This initiative is mandated to identify, acquire, and develop critical and strategic minerals such as lithium, cobalt, and others from overseas sources to secure India’s long-term supply chain needs. The PSU company has already obtained the exploration rights for lithium blocks in Argentina and signed agreements with Australia to jointly evaluate projects.
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