India National Aluminum Corporation Will Continue To Expand Production

- Nov 26, 2018-

India's National Aluminum Corporation (Nalco) announced plans to expand its annual capacity of its Brownfield and Greenfield smelters by 500,000 tons and 600,000 tons respectively in the next few years. According to the company, the investment required will be between Rs 70 million and Rs 120 crore. It is reported that smelters and closed plants will involve additional investment. Referring to the investment settlement of the Visakhapatnam project, Nalco Chairman and Managing Director TKChand told the Hindu newspaper on Wednesday, November 21 that the company will invest 100 million rupees in 2021 for the expansion of the 500,000-ton Brownfield. After the expansion of green space investment, it will invest another 120 million rupees by 2025. A captive power plant with a total capacity of 2,640 megawatts will require an additional expenditure of Rs. 160 million. The company's turnover in the first half of the 2018-19 fiscal year was 5.592 billion rupees, an increase of 42% over the same period last year. Net profit increased from 364 million Indonesian Luo in the first half of the previous fiscal year to 1.197 billion rupees this year. Chand said that Nalco's net profit in the first half of the current fiscal year has tripled and its operating profit has increased more than fourfold.