The MoU was inked in the presence of Union Petroleum and Natural Gas Minister Dharmendra Pradhan and Union Power, Coal, New & Renewable Energy and Mines Minister Piyush Goyal in New Delhi.
Speaking on the occasion, Minister Piyush Goyal highlighted that NALCO is planning a greenfield project of 6 lakh tonne smelter at Kamakhya Nagar, Odisha of Rs 12,000 crore and brownfield expansion at its Aluminium Smelter in Angul, with an additional capacity of 5 lakh tonnes per annum with an estimated CAPEX costing Rs.10,000 crore.
Dharmendra Pradhan informed that it’s a dream come true for the people of Odisha as a power project at Gajamara will greatly enhance the industrialization and employment generation in Odisha with an investment of 48,000 crore.