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Public sector aluminium miner National Aluminium Company Ltd (Nalco) has invited potential entrepreneurs/manufacturers to set up ancillary and downstream units at its Angul Aluminium Park in Orissa, Parliament was informed today.
“An Expression of Interest (EoI) has been floated on July 27, 2011, for inviting potential entrepreneurs/manufacturers in both ancillaries and downstream categories to participate in the proposed aluminium park,” the Mines Minister, Mr Dinsha Patel, said in a reply to the Lok Sabha.
To promote aluminium-specific downstream and ancillary units in Orissa, Nalco and Orissa Industrial Infrastructure Development Corporation formed a joint venture firm, Angul Aluminium Park Private Ltd, in July last year for setting up an aluminium park adjacent to Nalco’s smelter plant in Angul district.
“Under Angul Aluminium Park Private Ltd, both ancillaries and downstream units shall be encouraged to set up their respective units within the proposed aluminium park.
Nalco has agreed to participate in equity of 49.5 per cent of the joint venture company,” the Minister said.
In addition to equity participation, Mr Patel said the PSU has also agreed to provide a Rs 20-crore loan to the joint venture company.
However, the Minister said Nalco does not have any identified industrial area for upstream and downstream industries.
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