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.