Nalco, one of the country’s leading aluminium producer is planning to invest Rs. 220,000 million to set up two mega projects. The company will set up 1.4 million tpa alumina plant at Visakhapatnam in Andhra Pradesh with an investment of Rs. 57000 million. It may be noted, the company had received mining leases in the southern state with a capacity to mine 42 lakh tonnes per annum. It will set up a 5 lakh tonne aluminium smelter in Jharsuguda in Orissa with an investment of Rs. 163450 million. The company had earmarked around Rs.20 million for pre-project activities.