Bhubaneswar: Union mines minister Prahallad Joshi Thursday said that Central sector aluminium company Nalco is going invest Rs 30,000 crore in capacity expansion by 2027-28.

Addressing on the occasion of the 41st Nalco Foundation Day, the minister through video conferencing, the minister said Nalco will spend over Rs 7000 crore in lining up the 5th Stream of its Damanjodi refinery, development of Potangi bauxite mines, and raising and transportation of coal from South Block and Utkal D & E. The remaining Rs 22,000 crore will be spend in expansio of Angul smelter plant with a 1400 MW captive power plant.