The aluminium downstream park at Angul, co-developed by National Aluminium Company (Nalco) and Odisha Industrial Infrastructure Development Corporation Ltd (Idco), has generated demand for 0.41 million tonnes of the metal.
Stating that the Odisha government has approved multiple projects with investments valued at about Rs nine billion for the aluminium park, a Business Standard report said at a recent meeting of the State Level Single Window Clearance Authority, two proposals were cleared.
While the first proposal came from a Mumbai-based manufacturer of aluminium rods to set up a unit at the Angul aluminium park with an envisaged capacity of 40,000 tonnes per annum, the report said the second proposal is by Rajasthan-based cables company to produce aluminium conductors at a cost of Rs 503 million.
It quoted T K Chand, chairman & managing director, Nalco, as saying: “After expansion, our capacity will be scaled up to 1.2 million tonnes per annum. Nalco has assured raw material supply to the downstream units at the Angul park for 25 years. We are also providing a discount of Rs 5000 per tonne on aluminium ingots and Rs 4000 a tonne on molten metal supplied to the downstream industries.”
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