Odisha’s government announced on Friday that it has entered into a partnership with National Aluminium Company Limited (NALCO) to establish an aluminium park in Angul.
Nalco will be partnering with the Odisha Industrial Infrastructure Development Corporation (IDCO) by dedicating ₹1.8 billion (US$27.9 million) on infrastructure to support the complex. Initial estimates indicate that the project could create up to 15,000 new jobs.
According to the press release announcing the project, the Angul Aluminium Park will be the first facility on the Indian subcontinent to feature a facility allowing direct access to molten aluminium from a smelter.
“With the demand of aluminium expected to rise further, Odisha … Is setting up first of its kind Aluminium Park in Angul,” the government’s statement elaborated. “Spreading over 223 acres of industrial land, the Aluminium Park will create opportunity for downstream industries in aluminium sector.”
“With an investment of Rs 180 crore for the infrastructure of the project, the aluminium park would reflect a complete industrial state-of-the-art entity, fully equipped with logistics infrastructure facility, an exclusive training centre, a park administration and a display and trade services facility,” the statement went on.
“Odisha is witnessing rapid industrial transformation as per the roadmap laid out in our ‘Vision 2025’ document,” opined the Principal Secretary of Odisha’s Industries Department Sanjeev Chopra.
Nalco was established in 1981 as a public sector company administered by the Ministry of Mines. It is the largest integrated aluminium complex in Asia, and the sixth largest in the world.