Indian metals and energy company National Aluminium Company Ltd. (Nalco) is planning to invest a 45,000 crore rupees ($6.3 billion) in brownfield and greenfield project expansion in the next few years.
Nalco revealed that it will invest $3.5 billion in brownfield, which will include increasing of the smelter's capacity by 500,000 tonnes at Angul and boosting of captive power plants by addition of two units of 660 megawatts.
The second phase of greenfield expansions take up will take up $2.8 billion in another smelter and captive power plants. The projects are expected to be completed between 2019 and 2021.
With the investments, the projects will take its aluminium production from existing 4.40,000 tonnes to one million tonnes and also help it to register revenue of $2.5 billion.