Three state-owned giants—National Aluminium Company (NALCO), Coal India Ltd, and NTPC Ltd—are set to undertake large-scale investments over the next five years, aimed at boosting India’s energy security and industrial capacity.

While official figures have not been disclosed, industry sources suggest the combined investments could run into tens of thousands of crore. 

The projects will span mining expansion, renewable and thermal power generation, and downstream aluminium production.

NALCO, a leading aluminium producer, is focusing on brownfield expansions and value-added products to cater to the rising demand from sectors like construction, defence, and electric vehicles. 

Coal India, the world’s largest coal producer, plans to enhance production efficiency and invest in cleaner coal technologies, even as it diversifies into renewables. 

NTPC, India’s largest power generator, has already announced ambitious plans to add 60 GW of renewable energy capacity by 2032 while continuing to strengthen its thermal base.