Updates
Notice Inviting Expression Of Interest (EOI) – Slitting & Rewinding of Aluminium Coils with Installing of Slitting Line Machine on Build Own and Operate Basis 18/09/2024     | Download TDS Certificate(s) has been published under Investor Services Menu 17/05/2024     | Expression of Interest for Commercialization of R&D Processes 15/04/2024     | KYC Updation of Physical Folios 25/03/2024     | MOU Scheme for Sale of Aluminium Metal – 2024-25 13/03/2024     | MOU Scheme for Sale of Aluminium Rolled Products – 2024-25 13/03/2024     | Declaration and fixation of Record date for 2nd Interim Dividend for the Financial Year 2023-24 16/02/2024     |

Menu

Visit the Beti Bachao Beti Padhao home page
Nalco Press Release Banner with Micks in the Nalco Office Premises
print page icon

INDIAN DELEGATION IN IRAN ‘NALCO & IMIDRO sign MoU for Business Collaboration’

calender23/05/2016

Bhubaneswar, 23/05/2016: National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Govt. of India and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) have signed an MoU to jointly explore the possibility of setting up an Aluminium smelter in Iran, with supply of alumina from NALCO’s refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing Aluminium from alumina supplied by NALCO, inter alia, it proposes to look into other business collaborations as well.
“NALCO looks forward to using the low-cost gas-based energy available in Iran for conversion of its surplus alumina, presently exported to international markets, to bring in value addition and scale up value chain,” said Dr. Tapan Kumar Chand, CMD, NALCO.
Under this MoU, a joint taskforce comprising NALCO and IMIDRO experts is getting constituted to work out the details. The MoU was signed between CMD, NALCO and Vice Chairman, Planning Board, Iran, today in Tehran in presence of Prime Minister of India and President of Iran. Mr. N.R. Mohanty, Director (Projects & Technical) and Dr. B.K. Satpathy, Executive Director (Business Development), NALCO, were part of the delegation led by Dr. Chand.