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Mumbai, Feb 22

State-owned Nalco has received in-principle rights for bauxite mining from the Andhra Pradesh Government. “The mines are situated at Jayrala in Andhra Pradesh,” the Minister of State for Mines, Mr T. Subbarami Reddy, said here on Friday. Nalco plans to set up a greenfield aluminium project in Andhra Pradesh. Nalco also plans to set up a 0.5 million tonne plant in South Africa. “The company will tap the local mineral resources,” the Minister said. The country would extend all possible support along with access to local mineral resources for Nalco to do the value addition. The project cost is estimated at around Rs 15,000 crore. Nalco also had plans to set up unit of 2.50 lakh tonnes per annum in Iran.

— Our Bureau

More Stories on : Overseas Investments | Aluminium | National Aluminium Co. Ltd

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