Indian State-run National Aluminium Company (Nalco) has lined up $3.52-billion investments on brownfield expansion and another estimated $2.81-billion on greenfield projects over the next few years.
According to Nalco chairperson, T K Chand, the company is expecting to close the current financial year with total revenue of about $1.61-billion, registering a growth of 25% over previous financial year and a net profit estimate of $253-million, a growth of 35% which will add balance sheet muscle to undertake the brownfield and greenfield projects over the few years.