State-run miner Coal India Limited (CIL) has moved a step forward for venturing into aluminium production in the country.
The CIL in its board meeting held on Tuesday had accorded its in-principle approval to pre-feasibility report for setting up of Integrated Greenfield Aluminium project in odisha, the company said in a regulatory filing today.
The project includes bauxite mining, alumina refinery, aluminium smelter and associated captive power plant by its wholly owned subsidiary Mahanadi coalfields Limited (MCL).
Coal India is planning a Rs 38,000-crore greenfield aluminium project besides a Rs 23,400-crore aluminium smelting unit along with state-run National Aluminium Company Ltd (NALCO).
The greenfield project will include 1 million tonne per annum (MTPA) refinery and a 0.5 MTPA smelter.
