NALCO: ₹30,000 Crore Smelter Expansion On Track, Refutes Delay Reports.

State-owned National Aluminium Company Ltd (NALCO) announced recently that its ambitious ₹30,000 crore capital expenditure (capex) plan for smelter expansion, which includes a captive power plant, is proceeding according to its original timeline. This statement comes amidst speculation regarding potential delays in the significant project.

The company clarified that the detailed project report (DPR) for the brownfield smelter expansion, along with its associated facilities including a captive power plant with renewable energy integration, is currently being updated to incorporate the latest business requirements.

NALCO also confirmed that discussions with various technology partners, including RTAL, are being "actively pursued and are on track." However, the company noted in a filing to the BSE that it would be "premature to disclose any details on the discussion at this stage."

This update reassures stakeholders that NALCO remains committed to its expansion plans, which are crucial for enhancing its production capabilities and maintaining its competitive edge in the global aluminium market.