Odisha To Provide 188 Acres Of Land For NALCO’s Downstream Project
Odisha government is in the process of allocating 188 acres of land for National Aluminium Company’s (NALCO) proposed establishment of a downstream complex in Kamkhyanagar, in the Dhenkanal district. With a proposed investment of Rs. 5500 crores, this will be one of the largest projects in the metal downstream space in India’s eastern belt.
According to government sources, NALCO will have to purchase the land from Odisha’s Industrial Development Corporation. The state is actively trying to promote industrial establishments to start manufacturing in the state as a part of the Make in Odisha campaign, and thus finalisation of the land deal and other processes are expected to be sealed by the end of February. The High-Level Clearance Authority, which is headed by the Chief Minister, has approved of the requirements already.
Once the unit commences operations, it is expected to generate employment for around 1700 workers, apart from providing a thrust to ancillary industries around the main complex. Once the land is allocated, NALCO expects to set up the hub within forty-eight months.
The plant will have an annual capacity of 170,000 tons and will house facilities for aluminium foils, alloy wheels, and other items of commercial significance.