Overview

• The capex will be executed over the next four to five years, with completion targeted by 2030 to expand mining, refining and smelting capacity.
• About Rs 18,000 crore is earmarked for the new aluminium smelter and roughly Rs 12,000 crore for the coal-based power project.
• Nalco will build a 1,080 MW captive thermal plant in Angul, Odisha for its smelter, has appointed a consultant to prepare the DPR, and is negotiating potential JV terms with Coal India and NTPC.
• A new bauxite mine is planned by June 2026 as the company aims to more than double smelting output from 460,000 tonnes per year to over 960,000 tonnes.
• Funding will combine debt and internal accruals, with parallel efforts to secure inputs and future growth through lithium opportunities via KABIL in Argentina and prospective equity in Australian assets.