Nalco, which plans to set up a 1,250-MW power project and an aluminium smelter in Indonesia, will complete due diligence on a proposal for sourcing coal for the projects by the end of this month. The company has sought 10 million tonnes per annum (MTPA) of coal supply over a 20-year period and is looking at two coal mines in the East Kalimantan district of Indonesia. The company is looking at supplies from two mines, having a minimum of 500 mt of reserves, for sourcing 10 MTPA of coal. The mines are in East Kalimantan district.
The Navratna firm has plans to set up a 5-MTPA aluminium smelter and a 1,250-MW power plant in two phases (700 MW in Phase-I and 550 MW in phase-II) in Indonesia at an estimated investment of $3.8 billion (about Rs 16,500 crore).
Out of the 10-MTPA of coal solicited by the company, the aluminium producer will utilize about 8 MTPA at its power plant and smelter in Indonesia, while the remaining 2 MTPA will be shipped to India to fuel its operations here. The project would be developed in about four years, including one year for preparing the feasibility study and DPR, following finalisation of the coal supply agreement.
Company Name | CMP |
---|---|
National Aluminium | 204.55 |
Maan Aluminium | 112.80 |
Arfin India | 34.25 |
Manaksia Aluminium | 30.79 |
Century Extrusions | 23.04 |
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