The project between Nalco and Almex is envisaged to have an annual production capacity of 60,000 tonnes. Nalco, on its part, has committed supply of 50,000 tonnes a year of molten aluminium to downstream companies
that chose to install their units at the park. The navratna company has also offered to lend its brand name to products made within the park. To position the park as attractive and globally competitive for investors, Nalco has announced pricing discounts on sale of molten aluminium and ingots to downstream buyers.
The aluminium major is providing a pricing discount of Rs 5,000 a tonne on aluminium ingots and Rs 4,000 a tonne on molten metal. Since land cost was seen as a deterrent to potential investors, Idco has announced that it has brought down the price to Rs five million per acre from Rs six million. The concession on land price, however, is valid till June 30 this year. Given the array of incentives, downstream units can expect to save Rs 10,000 a tonne on production cost.
The aluminium park has bagged one overseas investment from Bahrain-based Midal Cables. The company has proposed a rod and wire conductor unit at the park at an investment of about Rs 3.6 billion, with an annual capacity of 60,000 tonnes. Grid Conductors Ltd, a subsidiary of Power Grid Corporation of India Ltd (PGCIL), has proposed to establish an aluminium and aluminium alloy conductor unit in Odisha, committing an investment of Rs 1.3 billion.
There is a proposal by Gupta Power Infrastructure Ltd to set up a facility for HT (high-tension) cables within the aluminium park at a cost of Rs 1.9 billion.