By Bizodisha Bureau, Bhubaneswar, January 23, 2019: The Odisha government is understood to have worked out a plan to offer 188 acres of land to National Aluminium Company (Nalco), for its proposed ₹5,500-crore downstream complex at Kamkhyanagar in Dhenkanal district of the State – billed to be one of the largest investments in the metal downstream space in eastern region and in Odisha as well.

However, the state government will finalise the details by the end of February.

Nalco had sought the land in Markata and BS Sasan areas of Kamkhyanagar for the project. The Odisha government managed Industrial Promotion and Investment Corporation of Odisha Ltd (IPICOL) has engaged Engineers India Ltd (a Navratna PSU providing engineering and related technical services) to do the land assessment and submit a report on the technical and other requirements. EIL is expected to submit the report by the end of February, sources said.

Nalco is all set to complete the project within 48 months of taking possession of land. The complex will house facilities for aluminium foils, rolled products and extrusions, with a combined capacity of 170,000 tonnes per annum. Production of aluminium alloy wheels, used in automobile industry, will also happen here, as per Nalco’s plans.

The Navratna PSU’s enhanced focus on downstream applications comes at a time when its alumina arm is contributing handsomely to its gross turnover; and also Ebitda.