NALCO Offers Discounted Molten Aluminum to Boost Downstream Manufacturing in Odisha Park
[SMM Aluminum Express News] NALCO will offer 50,000 tonnes/year of molten aluminum at discounted rates to downstream manufacturers investing in the Angul Aluminium Park in Odisha. NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO) promoted the park at an investor roadshow in Kolkata on September 28, attended by more than 250 industry and investor representatives. The park provides a dedicated molten-metal corridor connecting downstream manufacturers with NALCO’s nearby Angul smelter, alongside land, power, water, road connectivity and R&D facilities. The initiative is aimed at increasing domestic production of higher-value aluminum products rather than expanding primary aluminum capacity itself. India currently imports nearly US$4 billion/year of high-finish aluminum products, according to Coal and Mines Minister G. Kishan Reddy. NALCO’s Angul smelter currently has 460,000 tonnes/year of primary aluminum capacity, meaning the 50,000-tonne hot-metal allocation represents roughly 11% of existing capacity being specifically made available to support downstream manufacturing.