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Nalco gets Pottangi bauxite reserve

Wed, 13th Jul 2016 (Source:The Times of India)

The state government has granted mining lease of Pottangi bauxite reserve in Koraput district to Navratna PSU Nalco for a period of 50 years.

The bauxite reserve spread over an area of 1738 hectares would cater to the raw material need of Nalco's expansion plan of its refinery at Damanjodi in Koraput district with an investment of Rs 5,600 crore. The Navratna PSU has currently a 22.75 TPA refinery at Damanjodi, official sources said.

"Now it is Nalco's turn to live up to the expectations of both centre and state and the people of Odisha through expansion, investment and corporate social responsibility initiatives," said an official press statement quoting chairman-cum-managing director of Nalco T K Chand.

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