Chemicals sector projects by Nalco Chemicals (India) Limited in Vyara
Project Information
7146
Nalco Chemicals (India) Limited
Aluminium major Nalco will invest around Rs 900 crore in Kakrapar Atomic Power project to acquire 26 per cent stake in the plant and plans to increase it to 49 per cent later.
The state-run firm has been for quite some time exploring opportunities to enter power sector in a bid to secure an uninterrupted power supply for its aluminium production facilities, a senior government official said.
It takes around USD 1,500-1,700 to produce one tonne of aluminium with alumina and power accounting for 40 per cent each of the cost, with raw materials and others contributing to the remaining 20 per cent.
The Navratna firms Board has approved acquisition of 26 per cent stake in Kakrapar Atomic Power Project for around Rs 900 crore through its joint venture (JV) with Nuclear Power Corporation of India (NPCIL) -- NPCIL-NALCO Power Company.
Project Value
INR 900 Crore /-
Planning
Vyara
Gujarat
India
Chemicals
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