17 OCTOBER 2014Yahoo Finance
IDCO seeks pricing details from NALCO on metal supply
Edited by : AL CIRCLE
1 min read
Odisha Industrial Infrastructure Development Corporation (IDCO) has asked the National Aluminium Company (NALCO) to declare pricing details of the metals supplied to the industrial units at an aluminium park at Angul, Business Standard reported.
In a letter to NALCO, Vishal Dev, CMD, IDCO, said that applicants are interested in setting up their units in the proposed park and wants metal contract terms and pricing methodology. Therefore, it has been requested to finalize the pricing methodology and formulation of standard hot metal supply pact soon.
At an estimated investment of INR 1.25 billion, the industrial park is set to be developed on a land area of 204 acres. IDCO has, so far, aggregated over 120 acres of land and is using external connectivity infrastructure to make the park operational at the earliest.
Both IDCO and NALCO are developing the proposed park jointly. It is second such reminder to NALCO from IDCO on declaration of pricing details. Till now, INR 6.31 billion investments have been attracted by the park.
In a letter to NALCO, Vishal Dev, CMD, IDCO, said that applicants are interested in setting up their units in the proposed park and wants metal contract terms and pricing methodology. Therefore, it has been requested to finalize the pricing methodology and formulation of standard hot metal supply pact soon.
At an estimated investment of INR 1.25 billion, the industrial park is set to be developed on a land area of 204 acres. IDCO has, so far, aggregated over 120 acres of land and is using external connectivity infrastructure to make the park operational at the earliest.
Both IDCO and NALCO are developing the proposed park jointly. It is second such reminder to NALCO from IDCO on declaration of pricing details. Till now, INR 6.31 billion investments have been attracted by the park.
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