Nalco Board of Directors approved 4.0907 billion rupees capital expenditure

NALCO announced that the board of directors of the company at its meeting held on Dec. 18, 2007, has approved the capital expenditure for implementation of upgradation of the fourth stream of alumina refinery from 5.25 lakh TPY to 7.0 lakh TPY and upgradation of capacity of bauxite mines from 63 lakhs TPY to 68.25 lakh TPY. The estimated capital cost for the upgradation will be around Rs 4,090.7 million. The enhanced capacity of alumia refinery would reach from 21 lakh TPY to 22.75 lakh TPY. The company is Asia`s largest integrated aluminum complex, encompassing bauxite mining, alumina refining, aluminum smelting and casting, power generation, rail and port operations. It produces aluminum ingots, sows, billets, wire rods, alloy wire rods, cast strips, and rolled products of aluminum metal.