BHUBANESWAR (Commodity Online): National Aluminium Co (Nalco) is now shifting its focus to other areas with plans to set up a nuclear power plant and moving
into other metals.

The company has begun talks with the Nuclear Power Corp of India Ltd (NPCIL) to set up a nuclear power plant of 1,000 MW capacity.

Nalco also aspires to be a global player in metal business and is in the process of diversifying into other metals from its core business interest, aluminium.

The company has drawn up an ambitious plan to grow both organically and inorganically, and that the aluminium major is planning to acquire new mineral resources, especially coal, bauxite and copper.

Nalco has almost completed its second phase of capacity expansion on an investment of Rs 4,402 crore.

This will raise its bauxite mining capacity from 48 lakh tonnes to 63 lakh tonnes and that of alumina manufacturing capacity from 345,000 tonnes to 460,000 tonnes.

Along with diversification, the company is planning to leverage its strength in aluminium and alumina business to set up smelter plants in Indonesia and Iran.

Meanwhile, Orissa will soon have its first industrial park for downstream and ancillary units in the aluminium sector.

An MoU was signed between Nalco and Industrial Infrastructure Development Corporation (Idco) in this regard.

Establishment of this proposed aluminium park is a historic and proactive step towards growth of micro, small and medium industries in aluminium sector in Orissa and development of industrial infrastructure.

Development of dedicated functional industrial parks close to mother plants would cut down costs.

The proposed aluminium park, with an estimated cost of Rs 75 crore, will be located at Angul close to the smelter plant of Nalco.

Nalco and Idco will set up a joint venture on 50:50 basis soon after signing the MoU.

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