In a recent move, a string of incentives were announced to make Angul-based Aluminum Park globally competitive.
January 13, 2018
The aluminium park is being developed jointly by Nalco and state owned Odisha Industrial infrastructure Development Corporation (Idco). The park, spread over 240 acres is located close to Nalco’s aluminium smelting unit at Angul.
The park has bagged one overseas investment from Bahrain-based Midal Cables. The company has proposed a rod and wire conductor unit at the park at an investment of Rs 358.90 crore with an annual capacity of 60,000 tonnes per annum. However, as per some media reports, Midal Cable is not happy with delays in approvals to set the wire conductor unit.
Grid Conductors Ltd, a subsidiary of Power Grid Corporation of India Ltd (PGCIL), has also proposed to establish an aluminium and aluminium alloy conductor unit in Odisha, committing an investment of Rs 127.35 crore.
Over the past five years, the state has attracted investments worth Rs 893 crore including proposals by Bahrain based Midal Cables and Power Grid Corporation of India (PGCIL) subsidiary Grid Conductors Ltd. Four out of the five proposals drawn are for the aluminium park developed jointly by Nalco and state government owned Idco at Angul.
