NALCO Postpones Rs 30,000 Cr Expansion Amid Tech Hurdles
According to Sources, Rio Tinto Canada’s unwillingness to share its smelter technology has encouraged the state-run company to re-visit and work on Detailed Project Report (DPR).
New Delhi: Navratna CPSE, National Aluminium Company Ltd will later consider its much-awaited Rs 30,000-crore expansion plans which was delayed approximately by one year. The project plan is postponed for the current timeline.
This consideration came amid the failed discussions with Rio Tinto Canada where agreement was done for crucial technology and further halting talks with NTPC for captive power supply.
According to Sources, Rio Tinto Canada’s unwillingness to share its smelter technology has encouraged the state-run company to re-visit and work on Detailed Project Report (DPR). The company has also revised down its projected power requirement from 1,200 MW to 1,080 MW.
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Earlier, the extensive capital expenditure programme was initially envisioned at 0.5 million tonnes per annum (mtpa) aluminium smelter and associated captive power plants, with commissioning expected by FY30.
During investor call, NALCO’s Chairman and Managing Director, Brijendra Pratap Singh, mentions that the significant capex outflow is now anticipated to commence from FY27-28 onwards. This showcases company’s notable shift towards strategic investment timeline and further plans.
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