National Aluminium Company Limited Integrated operations : Bauxite – Alumina – Aluminium – Power & Port Facilities Share Holders & Financial Advisors March 2008

2 Spectrum of Operations  8 TH LARGEST BAUXITE DEPOSIT IN THE WORLD.  LOW ENERGY CONSUMPTION.  48 LAKH TPY CAPACITY- BEING EXPANDED TO 63 LAKH TPY.  MECHANIZED MINES WITH HIGH PRODUCTIVITY.  TRANSPORT THROUGH CONVEYOR BELT (14.6 KM).  100% CAPACITY UTILIZATION LAKH TPY CAPACITY- BEING EXPANDED TO 21 LAKH TPY. AMONG THE LOWEST COST PRODUCERS. SPL. HYDRATES, SPL. ALUMINA AND ZEOLITE ADDED. CO-GENERATION POWER OF 55.5 MW FROM PROCESS STEAM. 100% CAPACITY UTILIZATION. DEBOTTLENECKING TO INCREASE CAPACITY TO LAKH TPY BY Bauxite MineAlumina Refinery

3 Spectrum of Operations MODERN TECHNOLOGY FROM AP, FRANCE. CAPACITY 3.45 LAKH TPY- BEING EXPANDED TO 4.6 LAKH TPY. INTEGRATED ANODE MAKING, ALUMINIUM CASTING AND ROLLING. INGOTS, BILLETS, WIRE RODS, SOWS & STRIP COILS. 50,000 MT CAPACITY ROLLED PRODUCTS UNIT. 960 MW -CAPACITY- BEING EXPANDED TO 1200 MW. LOW COST OPERATION. HIGH PLANT LOAD FACTOR. ADVANCED ELECTROSTATIC PRECIPITATOR (99.9% EFFICIENCY) TO CONTROL POLLUTION. ZERO DISCHARGE OF EFFLUENTS. VIZAG : CAPACITY TO HANDLE SHIPS UPTO 35,000 DWT. MECHANIZED MOBILE SHIP LOADER. MECHANIZED STORAGE FACILITIY. EXPORT OF ALUMINA AND IMPORT OF CAUSTIC SODA. OTHERS : EXPORT OF ALUMINIUM THROUGH KOLKATA & PARADIP PORTS. Aluminium SmelterThermal Power PlantPort facility

4 PAST HIGHLIGHTS CAGR 24% CAGR 46% CAGR 15% CAGR 46% SALESExports Net Profit EPS Rs. Crore Rs.

5 PRODUCTION – NEXT FIVE YEARS

6 FINANCIAL PERFORMANCE – NEXT FIVE YEARS

7 Growth Initiatives

8 EXPANSION OF REFINERY  5 TH STREAM OF 7 LAKH MT IN REFINERY FROM YEAR 2012 (TOTAL CAPACITY – 30 LAKH MT)  INVESTMENT – Rs 1800 CRORE

9 BAUXITE NEED OF REFINERY YEARSREFINERY CAPACITY ANNUAL BAUXITE CONSUMPTION TOTAL BAUXITE CONSUMPTION (ADDITION OF 5 TH STREAM) TOTAL 2853 LAKH MT

10 BAUXITE RESERVE MINE2008 LEVELCUM PANCHPATMALI1860 POTTANGI LAKH MT REQUIREMENT TILL YEAR

11 EXPANSION OF SMELTER 5 TH POTLINE OF 1.15 LAKH MT AT ANGUL INVESTMENT: Rs 1800 CRORE (SMELTER) Rs 500 CRORE – 1x 120 MW (POWER)

12 5 TH POTLINE - ANGUL REQUIREMENT LAND :100 HECTARE POWER : 1.7 MU P.A. ( 120MW + SURPLUS ) COAL : 8.5 LAKH MT P.A. ALUMINA: 2.3 LAKH MT POSITION LAND: UNDER ACQUISITION BY GOVT COAL:ADDITIONAL LINKAGE OF 1O LAKH MT REQUIRED (UTKAL-E COAL BLOCK CAN CATER FOR 17 YEARS ONLY)

13 BACKGROUND SURPLUS ALUMINA – 18 LAKH MT SURPLUS ALUMINA + VALUE ADDITION NEEDS CAPTIVE POWER REFINERY or SMELTER- NEEDS BAUXITE / COAL

14 GREENFIELD SMELTER SETTING UP 5 LAKH MT SMELTER IN TWO PHASES OF 2.5 LAKH MT EACH 7000MU POWER NEEDED MW CAPACITY CAPTIVE POWER PLANT NEEDS 75 LAKH MT COAL OR 80 BILLION CUBIC FT GAS PER YEAR.

15 INDIA (ORISSA) MINES + REFINERY + POWER + SMELTER REFINERY + POWER + SMELTER POWER + SMELTER

16 PLANTSINVESTMENT POWER – 1250 MW SMELTER – 5 LTPA Rs 16,000 CRORE REFINERY – 7 LTPA POWER – 1250 MW SMELTER - 5 LTPA Rs 24,000 CRORE MINE – 42 LTPA REFINERY – 14 LTPA POWER – 1250 MW SMELTER - 5 LTPA Rs 24,500 CRORE INVESTMENT- INDIA

17 ABROAD SMELTER + POWER (Gas-based) SMELTER + POWER (Coal-based) SMELTER (Where power is purchased) Contd..

18 ABROAD INDONESIA: MoU signed with Govt. of South Sumatra. Consultant being engaged in Indonesia to prepare feasibility report. SAUDI ARABIA: Discussions on with potential local partner of Gulf for setting up Plants in Saudi Arabia in JV. Contd..

19 SOUTH AFRICA: Matter being pursued with South African Govt for JV, with a local Group IRAN: Discussions on with a local Company of Iran for JV. ABROAD

20 INVESTMENT- ABROAD PLANTSINVESTMENT POWER(COAL)– 1250 MW SMELTER – 5 LTPA Rs 16,000 CRORE POWER(GAS) – 1320 MW SMELTER – 5 LTPA Rs 15,000 CRORE

21 UP & DOWNSTREAM INTEGRATION

22 FLY ASH UTILIZATION CAUSTIC SODA PROJECT WIND POWER PROJECT ALUMINIUM WAGON PROJECT CT PITCH PROJECT UP & DOWNSTREAM INTEGRATION

23 FLY ASH UTILIZATION: 12 EOI received to utilize fly ash and convert it into saleable products. Under evaluation. CAUSTIC SODA: 12 EOI received for setting up a 50 to 120 K MT plant. Under evaluation. UP & DOWNSTREAM INTEGRATION

24 WIND POWER: Wind data being collected at Damanjodi. Target- 50 MW Farm by ALUMINIUM WAGON PROJECT: MOU being signed with BEML for prototype of Aluminium Rail Wagon. CT PITCH : Discussion with NINL is on for a JV project. UP & DOWNSTREAM INTEGRATION

25 ALUMINIUM INDUSTRIAL PARK Park at Angul is proposed to be developed through a Special Purpose Vehicle (SPV) comprising NALCO, IDCO, OSFC, OSIC and other private parties. UP & DOWNSTREAM INTEGRATION

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