NALCO Plans ₹30,000 Crore Investment in Odisha
Focus on Expansion, Jobs, and Global Presence
Bhubaneswar: State-run National Aluminium Company Limited (NALCO) has announced an ambitious ₹30,000 crore investment plan in Odisha over the next five years. The company aims to achieve Maharatna status by 2030, strengthening its position in India’s public sector enterprises.
At the NALCO Media Connect 2025 event in New Delhi, CMD Brijendra Pratap Singh revealed that ₹18,000 crore will be invested in setting up a new smelter in Odisha, while ₹12,000 crore will go into a coal-based power plant. Expansion of the Damanjodi alumina refinery and operationalisation of the Pottangi bauxite mine are also part of the roadmap.
NALCO plans to raise its turnover from the current ₹17,000 crore to ₹25,000 crore. Alumina production capacity will be increased by 10 lakh tonnes, while bauxite mining at Pottangi is set to begin in June 2026.
The company is also strengthening exports, with England identified as a key market. Singh clarified that U.S. tariff policies will not significantly impact NALCO.
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