Following the end of recession, the company has decided to begin construction of its power project in Punjab, which was on hold after the financial downturn. The first of its major projects completed would be the 500 ktpa aluminium smelter and associated captive power plant at Jharsuguda in Orissa by the end of this financial year.
Alcoa's Cleveland Works is the home of two large forging presses – the 50,000-ton press under renovation and a 35,000-ton press currently producing large forgings for aerospace applications, such as the aluminum bulkheads for the Joint Strike Fighter.
Investors pushed Itronics to a new 52-week high recently after the Company announced its long-awaited expansion of its phase one silver processing plant. Itronics' phase one expansion could make the Company one of the largest makers of green silver in the nation.