The company's chairman and managing director BL Bagra, who recently announced that NALCO was putting an Indonesian smelter project on hold, told attendees at a recent annual general meeting that the company would be adding one more stream to its alumina refinery at Damanjodi in the Koraput district of Odisha. The new stream would have a capacity of 1Mt/year and cost Rs 4,000 crore.

The refinery is currently undergoing a fourth stream upgrade worth Rs 409 crore and taking the plant's overall capacity to 2.75Mt/year. The company's bauxite mines will be boosted to 6.8Mt/year capacity.

Bagra said that Nalco was planning new alumina refineries in Gujurat and Andhra Pradesh as well as a nuclear plant in Gujarat and a wind power project in Andhra Pradesh.

The company is investing Rs900 crore on its existing smelter pot lines, boosting its 180KA lines to 220KA and enhancing plant capacity from 107kt/year to 567kt/year. A new smelter in Western Odisha is planned at a cost of Rs 16,000 crore.

According to Bagra, a 500MW power plant will meet the energy requirements of the planned upgrades at a cost of Rs 2,522 crore.

Nalco's Utkal-E coal block project has mineable coal reserves of 67Mt and is currently undergoing a Rs 338 crore expansion.