While Nalco chairman BL Bagra announced the project last summer, it was reported earlier last year that the company had paid an upfront fee of $27 million to the Gujarat Mineral Development Corporation to build the plant.
A 500kt aluminium smelter will form part of the project and it will be supplied with bauxite from GMDC’s mines in the Kutch district of Gujarat. It was also announced that Nalco’s Odisha refinery would increase capacity by 1Mt/yer by 2016.
Nalco has committed to produce 405kt of aluminium for the financial year 2013/14.
Source: Platts
