The Balco board which met during the week decided to invest Rs 50 billion in expanding the smelter from 100,000 tons to 334,000 tons, alumina capacity will be expanded from 180,000 tons to 830,000 tons and power form 270 MW to 810 MW.Around Rs 20 billion will come from internal accruals and equity and Rs 30 billion from loans. Financing plans will be finalized in about 6 months.
NSTL
