Overview

• About Rs 18,000 crore is earmarked for the smelter and roughly Rs 12,000 crore for the coal-based power plant, funded through a mix of internal accruals and debt.
• A consultant has been appointed to prepare the DPR for the Angul power project, and joint-venture talks are underway with Coal India and NTPC to secure fuel and development partners.
• The company targets more than doubling aluminium output from 460,000 tonnes a year to over 960,000 tonnes as the new smelter comes on line.
• Upstream additions include a new bauxite mine by June 2026 to lift mining capacity by 3.5 million tonnes annually and an alumina refinery ramp above 3.1 million tonnes in 2026.
• Diversification plans span value-added products and critical minerals, with foil, wire rods and rolled products expansions alongside lithium pursuits in Argentina and potential KABIL-backed investments in Australia.