Coal
NALCO, an Indian company, will invest $3.43 Billion to build a smelter and coal power plant
Brijendra Singh, chairman and managing director of India's National Aluminium Company said that the company will invest $3.43 billion in a new coal power plant and a smelter over the next five-year period. Singh, a New Delhi-based reporter, said that the state-owned aluminium company will spend around 180 billion rupees on the construction of the smelter proposed in Odisha in eastern India. He added that the project would be funded by a combination of internal accruals and debt. Singh stated that the remaining 120 billion rupees would be used for a coal-fired power plant. Coal India and NTPC are in...