NALCO Announces $28-30B Expansion Plan, Aims for 30% Green Energy by 2030

Published: Jul 2, 2026 09:31

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Recently, the chairman of India's state-owned National Aluminium Company (NALCO) announced an expansion plan. The plan will involve an investment of 280–300 billion rupees (equivalent to 23.8–25.5 billion yuan) over the next 3 to 4 years. Specifics include the construction of a new aluminum smelter with an annual capacity of 500,000 mt, along with a supporting 1,000 MW captive power plant. The project is expected to commence construction in 2027 and be commissioned from 2030 to 2031. In terms of capital allocation, the aluminum segment will receive an investment of 170 billion rupees, and the captive power plant will receive 100 billion rupees. Furthermore, to reduce carbon emissions, the company has set a goal of having 30% of its production electricity come from green electricity by 2030. It is currently developing wind and PV projects in parallel and plans to purchase green electricity externally to help reduce emissions.

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