Deals5 Jun 2025, 02:27 pm
NALCO Denies Report of Rs. 30,000 Crore CAPEX Deferral, Discussions with Technology Partners Progressing
AI Summary
National Aluminium Company Ltd (NALCO) has refuted a news article that claimed the company has deferred a Rs. 30,000 crore CAPEX for Brownfield Smelter expansion with Captive Power. The company clarified that the project is progressing as per schedule. Discussions with technology partners, including RTAL, are being actively pursued. The detailed project report is being updated to incorporate the latest business requirements. The power requirement for smelter expansion and different configurations along with RE Power are being considered. JV, if any, would be firmed up after finalization of the DPR.
Key Highlights
- NALCO denies deferring Rs. 30,000 crore CAPEX
- Brownfield Smelter expansion project progressing as per schedule
- Discussions with technology partners, including RTAL, ongoing
- Detailed project report being updated with latest business requirements
- Power requirement for smelter expansion and configurations being considered