Nalco to invest ₹30,000 crore in new aluminium smelter, coal-based power plant
Push for Maharatna status by 2030
The company has set its sights on becoming a Maharatna public sector enterprise by 2030. “Our present turnover is around ₹17,000 crore. To become a Maharatna company, we will require ₹25,000 crore. In one year we will be having a refinery, which will increase our turnover by ₹2,000–2,500 crore and by adding a smelter, we will get an additional revenue of ₹10,000–11,000 crore,” Singh said. The CMD noted that the company is targeting establishment of the new smelter by 2030.Exports to Middle East, focus on UK market
Speaking on the impact of 50% tariffs imposed by the US on aluminium imports, Singh said Nalco’s exports are not affected. “There is no impact as such as the company does not export to the US but to the Middle East,” he said. However, Nalco sees an opportunity in the UK market. “The UK is an area where tariffs will go down. In the UK, there is a lot of thrust to the EV sector, green energy etc. and there is a lot of aluminium requirement in the UK. It does not have any smelter capacity so we will be trying to acquire some of the market in the UK as far as export is concerned,” Singh said.Critical minerals and raw material securityNalco is also exploring opportunities in the critical minerals segment as part of its long-term growth strategy. The company is expanding the 5th stream of its alumina refinery at Damanjodi and targeting operationalisation of the Pottangi bauxite mines to ensure raw material security. These projects are expected to provide stability in supply and reduce dependence on external sources.Aluminium demand outlook
With India’s aluminium consumption projected to reach 7.5–8 million tonnes annually by 2030, Nalco said it is positioned to play a major role in meeting this demand and reinforcing its standing in the global aluminium sector.
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