Of the total investment, the company will spend over USD950m on the fifth stream refinery, Pottangi bauxite mines, bauxite transportation system from south block and the Utkal D&E coal mines. The remaining USD3.01bn will be spent on the smelter and captive power plant (CPP) expansions, which also include expansion of the company's smelter plant at Angul in Odisha with the construction of a 1,400 MW feeder CPP. Joshi also said that India's central government is extending all-round support to the mineral-rich state of Odisha to avoid any interruption in national mineral production. He added that Nalco, in association with the government of Odisha is also setting up a world-class Aluminium Park in Angul, close to its smelter to encourage the development of downstream and ancillary industries in the state of Odisha. This will enhance employment in the area and give a boost to local entrepreneurship. The company is one of the largest integrated bauxite-alumina-aluminium-power complexes in Asia, and is recognized as the world's lowest-cost producer of alumina and bauxite. The company operates in more than 15 countries, with main production centred at Koraput and Angul.
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