Upbeat about a rise in aluminium consumption in India, Navaratna PSU Nalco is all set to invest Rs. 30,000 crore in various projects in the next five years.

“Nalco plans to invest to the tune of Rs. 30,000 crore in the next five years,” Nalco’s CMD, Tapan Kumar Chand said in his Republic Day message, adding that a Rs, 6,000-crore refinery project in Damanjodi is on the anvil too. “Sunny days are ahead for aluminium industries as consumption in the country is slowly picking up, against the backdrop of an increase in GDP to 7.5 per cent this fiscal and availability of consumption potential of more than three multiples,” the CMD said.

http://www.thehindu.com/business/Industry/nalco-lines-up-rs-30000-cr/article8158266.ece

About news

We take care of publishing the latest investment news and highlights for Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *