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19-Sep2017

Nalco inks MoU to explore possibility of forming JVC

National Aluminium Company (Nalco) has inked a MoU with Hindustan Copper and Mineral Exploration Corporation at Bhubaneswar on September 18, 2017, to explore the possibility of forming a Joint Venture Company (JVC). The MoU is to indentify, explore, acquire, develop, process, primarily strategic minerals overseas and sale of these materials in India and any other countries for commercial use. The MoU also envisage supplying these strategic minerals to India to meet the domestic requirement due to its non-availability in the country and giving a big push to 'Make in India'.

National Aluminium Company (Nalco) has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.



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