Mining lease of Pottangi Bauxite Mines granted to NALCO
Navaratna PSU National Aluminium Company Limited (NALCO) has been granted Pottangi Bauxite Mines, in Koraput district of Odisha, where the company’s 22,75,000-tonne lumina refinery is located.
NALCO has been granted the mining lease of Pottangi with an area covering 1,738 hectares for a period of 50 years, a company release said on Wednesday.
It said an order in this regard was issued by the state’s department of steel and mines recently.
Speaking on the occasion, NALCO’s CMD Tapan Kumar Chand said now it is the company’s turn to live up to the expectations of both Centre and State, as also the people of Odisha, through expansion, investment and CSR initiatives.
NALCO’s expansion plans, including the proposed addition of 5th stream in its existing Alumina Refinery at an investment of Rs.5,600 crore, greatly depends on this additional source of bauxite.