National Aluminium Company or Nalco, the state-run aluminium producer, will invest about Rs.22,000 crore to set up two mega projects, one in Andhra Pradesh and the other in Orissa.
Minister for Mines B.K. Handique told the Lok Sabha Tuesday that the navratna firm would set up a 5-lakh ton aluminium smelter in Jharsuguda, Orissa, along with a 1,260 MW captive power plant at an estimated investment of Rs 16,345 crore.
It will also set up a 1.4 million-ton alumina plant with an estimated investment of about Rs.5,700 crore, he added.
Recently, the company was allotted bauxite mines in the southern state with a capacity of 42-lakh tons per year. it has set apart Rs.2 crore each for pre-project activities in Orissa and Andhra Pradesh on November 25.
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