27 JANUARY 2017AlCircle.com
Nalco, MIDHANI in talks to produce auto-grade aluminium
Edited by : Heena Iqbal
1 min read
<p>State-owned aluminium maker National Aluminium Company (Nalco) and Indian Defence Ministry’s Mishra Dhatu Nigam Ltd (MIDHANI) are in talks to produce auto-grade aluminium and high-end value added products.</p>
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<p>Under the Government of India’s mission for Make in India, Nalco is planning to take up the projects through joint venture with MIDHANI to manufacture auto-grade aluminium and other products which are not manufactured in India.</p>
<p>Dr. Tapan Kumar Chand, CMD Nalco said, “51% of the India’s aluminium requirements are presently met through imports from China, Middle East and other countries. Of this, a major portion is value added products, that are not produced in India, and are used by the auto and aero sectors.”</p>
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<p>He further added, “Discussions with MIDHANI are in an advanced stage, for formation of the Joint-Venture company. The production facilities of the Joint-Venture will be located in Angul as well as Hyderabad, in the premises of MIDHANI”.</p>
<p>Dr Chand had made the announcement during the celebration of the 68th Republic Day at the Company’s headquarters in Bhubaneswar. </p>
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