Aluminium manufacturing giant NALCO unveiled a new plan for high growth with plans for expansion and diversification. This would involve INR33,000 crore in investments in a number of sectors such as energy to assist in increasing productivity and profitability.

According to NALCO CMD Ansuman Das, "NALCO is embarking upon an ambitious growth plan involving a massive investment of more than INR33,000 crore in (the) next three to four years, not only in aluminium sector but also in the energy sector."

He further added, "NALCO has begun a new odyssey to conquor(sic) the challenges of present and threats of future with its new Corporate Plan... this will give a significant boost to the company's productivity and profitability."

The comprehensive plan involves expansion in both brownfield and greenfield projects, diversication into energy and non-ferrous metal sectors, mergers and acquisitions and backward integration. This was confirmed by CMD Das after the company's annual general meeting held in Bhubaneswar, India.