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THINK ALUMINIUM THINK AL CIRCLE
National Aluminium Company (Nalco) and Gujarat Mineral Development Corporation (GMDC) have decided not to go ahead with the aluminium smelter plant project in Gujrat.
GMDC said that the company has initiated the process for repayment of the amount to Nalco without interest subject to approval of Government of Gujarat.
Nalco had made up front payment of INR 151 crore for setting up the alumina refinery and smelter plant in Kutch district of Gujarat.
“Land required for the project has been allocated by the state government and part possession has been taken. Process for obtaining possession of remaining portion of land also is under progress. DPR for 0.5 million TPA plant got prepared by Nalco and is not viable,” GMDC stated in its 54th annual report for 2016-17.
“Hence they (Nalco) have requested GMDC to drop the project and the same is under approval of the government of Gujarat.”
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