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Balco to invest in capacity expansion

Monday, 26 May 2003
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Bharat Aluminium Company plans to invest Rs.5,000 crore in expanding its smelter capacity from 1 lakh tonnes to 3.5 lakh tonnes and its captive power plant to 810 MW from 210 MW. The alumina capacity would also be increased to 7 lakh tonnes from the current 2.1 lakh tonnes. The expansion is yet to receive environmental clearance. The company has entered into an agreement with Gami, China based company, for providing technical know how. The agreement is yet to receive approval from Secretariat of Industrial Assistance (SIA).

 

Balco had shelved its expansion plans anticipating National Aluminium Company’s divestment. The delay in the divestment process has resulted in the company reviving its expansion plans.

 

 

Related news:

Sterlite to invest Rs.5,000 crore in Balco

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