LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » India News

Nalco to tap renewable energy for power requirements

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Sun, Sep 17, 2017
01:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

National Aluminium Company (Nalco) is betting big on renewable energy resources to meet its rising power requirements.

Nalco has commissioned its wind power plants with 50 MW and 50.4 MW capacity in Rajasthan and Maharastra, respectively, at a cost of Rs 669 crore. The company plans to set up another wind power plant of 50 MW capacity and looking at suitable location in the country.

Techno-commercial bids for selection of wind power developer were opened in last December and price bid is in the process of being opened, the company said in its annual report.

The company also plans to set up a 20 MW solar power plant in Madhya Pradesh. The project is registered with MPNRED (Madhya Pradesh New & Renewable Energy Department) and 55.62 Ha land has been transferred to the department in November, 2016.

Application for grid connectivity permission was also submitted to Madhya Pradesh Paschim Kshetra Vidyut Vitaran Company. The company has issued notice inviting tender (NIT) for selection of developer for EPC (engineering, procurement, and construction) for 50 MW solar power project at a suitable location in India.

It has placed an order to commission 50 KWp rooftop solar power plant at Nalco Research and Technology Centre in Bhubaneswar with a total project cost of Rs 37.30 lakh.

Nalco has also signed an MoU with NTPC to form a joint venture company, Gajamara Power Project for establishment of 3X800 MW coal based power plant at Gajamara at Dhenkanal in Odisha for supplying power to smelter expansion projects, the company said.

In FY17, the company has made the capital expenditure of Rs 876.09 crore, which includes Rs 38.47 crore towards equity contribution to joint venture companies.

Among the major expansion plans, the company is in the process of setting up 5th stream in its existing alumina refinery, which will add 1.0 million tonnes per year (MTPY) to its existing capacity of 2.275 MTPY, at a capital expenditure of Rs 5,540 crore in Odisha.

"We are adding 1.0 MTPY to its existing capacity of 2.275 MTPY, at a capital expenditure of Rs 5,540 crore based on improved medium pressure digestion technology of RTAIL (Rio Tinto Alcan International Ltd). The company has obtained major statutory clearances like environmental clearance from the Ministry of Environment & Forests and Climate Change(MoEF and CC) and Consent to Establish (CTE) from Odisha State Pollution Control Board. Thyssenkrupp Industrial Solutions (India) has been appointed as EPCM consultant for the project," the report said.

The coal ministry has allotted Utkal D and E Coal blocks to the company, which is expected to help in raw material securitisation to the company.

The company also said that Pottangi Bauxite mines with 75 million tonnes capacity has been reserved by the government in favour of the company. The Odisha government had issued the terms and conditions for issuance of mining lease in favour of Nalco in July last year and activities are undertaken for complying with various conditions to obtain the mining lease, it said.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Bank Interest Rate: Best returns! These two banks top the list

Maruti Suzuki hikes prices of select vehicles by up to Rs 34,000

PUBG Mobile India: Launch date, trailer, competition from FAUG and other latest updates

India vs Australia Brisbane Test: From PM Modi, Anand Mahindra, Virat Kohli, Sachin Tendulkar, Virender Sehwag, Mohammed Shami, Shikhar Dhawan to Sundar Pichai, a standing ovation for India's wounded warriors

Uncanny resemblance! Pakistan PM Imran Khan lookalike riding rickshaw spotted; Twitter goes berserk over doppelganger - WATCH

Home First Finance Company IPO to open on Jan 21; Price band at Rs 517-518/share

With massive 6,000mAh battery, Realme C12 priced at under Rs 10,000 | Tough competition for Xiaomi, Nokia, Vivo, others in offing

Health Cover at affordable premium for RuPay Cardholders, UPI Users

CBSE, NEET, JEE exams 2021: Big relief for students announced—check education minister Ramesh Pokhriyal message

Ind vs Aus Test: India humiliates Australia at Fortress Gabba - Shane Warne tweets 'Long live Test cricket'

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved