Indian aluminium major to build $3.4-bn Indonesian plantFebruary 28th, 2008 - 7:38 pm ICT by admin
Bhubaneswar, Jan 11 (IANS) National Aluminium Co Ltd (Nalco), India’s second biggest producer of aluminium, Friday inked a deal with the Indonesian government in Jakarta to set up a 500,000-tonne smelter and a 1,250-MW captive power plant in that country at a cost of $3.4 billion, the company said here. A memorandum of understanding (MoU) to this effect was signed between B.L. Bagra, director, finance, NALCO, and H. Mahyuddin, vice-governor, South Sumatra Province, Indonesia.
The state-owned company plans to invest around $3.4 billion in this greenfield project, to be built in two phases.
Besides Indonesia, NALCO is also exploring possibilities of setting up plants in Iran, Saudi Arabia and South Africa, the company said in a release.
Closer home, NALCO is trying to set up an aluminium park for upstream and downstream industries in Angul in Orissa, as a joint venture with Orissa Industrial Infrastructure Development Corp (IDCO).
It is acquiring 500 acres for this purpose. NALCO and IDCO will jointly take care of infrastructure, communication and power supply.
- Nalco puts Indonesia smelter project on hold - Aug 15, 2012
- NALCO to finalise Indonesia coal deal by January - Oct 02, 2010
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- NALCO shelves project in South Africa, to go ahead in Iran - Nov 17, 2009
- NALCO considering alternative site for Indonesia project - Sep 21, 2009
- Nalco targets to produce 4.6 lakh tonnes of aluminium - Mar 12, 2010
- NALCO signs agreement with mines ministry - Mar 16, 2011
- NPCIL, NALCO ink deal for nuclear plants - Nov 09, 2011
- NALCO to produce 1,000 MW as independent producer - Apr 19, 2010
- Nalco plans subsidiaries to boost business diversification - Jan 08, 2010
- National Aluminium on a major diversification drive: Chairman - Jul 28, 2011
- Nalco seeks energy banking ties with GRIDCO - Jul 20, 2011
- Nalco signs pact for Rs.400 crore titanium project (Lead) - Jan 15, 2011
- Government allows NALCO to mine coal - Aug 21, 2011
- NALCO launches new aluminium product - Oct 22, 2011
Tags: angul, bagra, captive power plant, director finance, greenfield project, indian aluminium, indonesian government, indonesian plant, industrial infrastructure, infrastructure communication, infrastructure development, memorandum of understanding, mou, nalco, orissa, owned company, saudi arabia, smelter, south sumatra province, vice governor