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Our Bureau

Bhubaneswar, March 12

National Aluminium Company Ltd (Nalco) has signed a memorandum of understanding with the Union Ministry of Mines for 2007-2008, projecting more than 100 per cent capacity utilisation in its aluminium smelter and alumina refinery. The company is also undertaking the second phase of expansion at a cost of Rs 4,091 crore, according to a company release.

Setting up of a caustic soda plant for backward integration in Orissa, development of Utkal-E coal block for forward integration, a joint venture for a greenfield smelter and a market survey for any auto sector project are some of the future plans of the company according to the MoU. Mr C.R Pradhan, Chairman and Managing Director, and Mr J.P. Singh, Secretary of the Ministry of Mines, signed the MoU.

More Stories on : New Projects | Aluminium | National Aluminium Co. Ltd

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