NALCO Plans ₹30,000 Crore Investment in Smelter and Coal Power Plant: CMD Brijendra Pratap Singh

National Aluminium Company (NALCO) will invest ₹30,000 crore over the next 5 years, as per the news reports. Chairman and Managing Director Brijendra Pratap Singh announced on August 28, 2025, that the investment will be split between a new aluminium smelter and a coal-based power plant.

Smelter Project in Odisha

The company will spend about ₹18,000 crore to set up the proposed smelter in Odisha. Singh said the project will be funded through a mix of debt and internal resources. The smelter is part of NALCO’s expansion plan to increase its aluminium production capacity.

Coal-Based Power Plant

Another ₹12,000 crore has been set aside for a coal-based power plant. NALCO is in talks with Coal India and NTPC regarding the project. The plant will support the operations of the new smelter by ensuring a steady supply of power.

Raw Material Security

As per news reports, NALCO is also looking to acquire new bauxite and coal mines. This is for securing a stable supply of raw materials for its operations. The company is exploring bids for critical mineral mines in India as part of its resource strategy.

The aluminium market has been affected by changes in US tariffs. In June 2025, President Donald Trump raised duties on aluminium imports, doubling them from 25% to 50% on most categories. Certain categories retained the earlier 25% rate. NALCO noted that this has led to surplus alumina in the domestic market, creating additional supply pressures.

Overseas Critical Mineral Ventures

NALCO is also working through Khanij Bidesh India Ltd (KABIL) to secure critical minerals abroad. KABIL, formed in 2019, is a joint venture of NALCO, Hindustan Copper Ltd, and Mineral Exploration Corporation Ltd. It has obtained rights for lithium blocks in Argentina and is working with Australia on potential projects.

Read More: Hindustan Copper Plans ₹2,000 Crore Investment to Triple Mining Capacity in 5-6 Years!

NALCO Share Price 

As of 10:36 am on August 29, 2025, NALCO share price was trading at ₹184.93, up ₹0.14 or 0.076%.

Conclusion

NALCO’s plan involves setting up a new smelter, a coal-based power plant, and expanding access to raw materials both domestically and internationally.

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