NALCO to set up Smelter plant in Indonesia

Written by:
Subscribe to Oneindia News

Bhubaneswar, Jan 11 (UNI) The National Aluminium Company Limited (NALCO), a leading Public sector undertakings of the country, today signed an MoU with the Indonesian government to set up a five lakh ton Smelter Plant and a 1250 MW Captive Power Plant.

A NALCO release here today said the MoU was signed in Jakarta between Company's Director(Finance) B L Bagra and South Sumatra Province Vice-Governor H Mahyuddin in the presence of Mines Secretary J P Singh and Joint Secretary Mines V K Thakral.

As per the MoU, NALCO would invest around 3.4 billion US dollars in the Greenfield project. The proposed plants would be set up in two phases.

In the first phase, a 2.5-lakh ton capacity Smelter plant and a 750 MW Power plant would be set up. Besides Indonesia, NALCO was exploring the possibilities of setting up plants in Iran, Saudi Arabia and South Africa, the sources said.


Please Wait while comments are loading...