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Nalco to invest Rs. 900 crore in Kakrapar Atomic Power plant.

Nalco Chemicals (India) Limited

7146   Planning 900 Crore

Project Information

Organization Name
Nalco Chemicals (India) Limited
Project Title
Nalco to invest Rs. 900 crore in Kakrapar Atomic Power plant.
Project Detail
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
900 Crore
Project Status
Planning
Location
Vyara
Project State
Gujarat
Country
India
Sector
Chemicals

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