State-run aluminium producer Nalco will spend about Rs 22,000 crore in setting up two mega projects, one each in Andhra Pradesh and Orissa, the Lok Sabha was informed today.
The navratna firm will set up a 5-lakh tonne aluminium smelter in Jharsuguda, Orissa along with a 1,260 MW captive power plant at an estimated investment of Rs 16,345 crore.
Also, it will be installing an alumina plant with an annual capacity of 1.4 million tonnes in Visakhapatnam, Andhra Pradesh, at a consideration of about Rs 5,700 crore, Mines Minister B K Handique said in a written reply to the lower house.
The company has recently been given bauxite mines in the southern state with a capacity of 42 lakh tonnes per year.
“National Aluminium Company Ltd (Nalco) has informed that they propose to establish mines and refinery project in Visakhapatnam, Andhra Pradesh and an aluminium smelter plant and coal-based captive power plant at Brajarajnagar in Jharsuguda, Orissa as a part of its expansion plan in India” Handique added.
The company has earmarked Rs 2 crore each for pre-project activities in both the states as on November 25, he said. The time frame for completing these two projects could not be immediately ascertained.
At present, Nalco has a 4.35 MTPA aluminium plant in Angul, Orissa.
