Panel to decide on aluminium supply to downstream units

The Odisha government has formed a five-member committee to decide the modalities of supply of molten aluminium to the upcoming downstream units in the aluminium park at Angul.

The committee would consist of chairman and managing directors of Odisha Industrial Infrastructure Development Corporation (Idco) and Industrial Promotion & Investment Corporation of Odisha Ltd (Ipicol), executive director (smelter & power), National Aluminium Company (Nalco), executive director (finance), Nalco and chief general manager (MSME), Idco.

The committee will decide the terms and conditions of supply of molten metal and also devise a mechanism for allotment of the raw material to various units in the park. The first meeting of the committee is scheduled to be held on July 28.

The aluminium park is being jointly developed by Angul Aluminium Park Pvt Ltd, a 50:50 joint venture between Nalco and Idco.

Hot metal is a key raw material for establishment of aluminium downstream industries at the park. Nalco has committed a supply of 50,000 tonne of molten aluminium per annum for downstream units at the park for a period of 20 years.

The Department of Industrial Policy & Promotion (DIPP), under Union commerce & industry ministry, recently agreed to provide a grant of Rs 43.01 crore to the park under Modified Industrial Infrastructure Upgradation Scheme.

The industrial complex at Angul is to be developed on 204 acres of land at a cost of around Rs 125 crore. It has, so far, attracted investments worth Rs 631 crore. Two industries- Midal Cables and Metal Powder Company Ltd have proposed to set up their units in the park.

Bahrain-based Midal Cables Ltd proposed to set up an aluminium conductor and rod manufacturing unit at an investment of Rs 250-300 crore on 30-40 acres of land.

The company intends to sell its products in domestic as well as international market.