Nalco Plans To Invest Rs 5,520 Crore In Odisha

Bhubaneswar: National Aluminium Co Ltd plans to invest Rs 5,520 crore ($756.4 million) in Odisha to expand capacity, a government statement said on Tuesday.

The company plans to manufacture aluminium products and a proposal has been sent to a panel headed by the state's chief minister for approval, the statement added.

Odisha has received investment proposals worth Rs 7,416 crore, mainly from Indian companies, as part of its drive to create employment, the state government said.