Nalco seeks collaboration with Russia for investment and technology at Angul Aluminium Park

The state-owned Navartna Company under Ministry of Mines National Aluminium Company Ltd. (Nalco) has reportedly pitched for Angul Aluminium Park as a potential area for collaboration with Russia for technology and investment, on August 29. This news came after a discussion in the seventh session of India-Russia Sub-Group on Mining under the India-Russia Working Group on Modernization and Industrial Cooperation, to particularly identify the areas of cooperation and collaboration.

Angul Aluminium Park is an exclusive state-of-the-art industrial park for ancillary and downstream industries of alumina and aluminium, jointly promoted by NALCO and IDCO.

Industry experts have also voiced in favour of this collaboration as they believe it will bring in Russian high-end technology in downstream units of the park, helping the aluminium park achieve global standards.

The response to the Angul Aluminium Park remained unprecedented and would expectedly become a major centre in the world for aluminium downstream activities in the coming time. Top global companies like UC Rusal, KJTS, and UHM would also visit Odisha, as Nalco stated in the discussion.

Apart from this, collaboration for strategic minerals like cobalt and lithium has also been agreed upon in the meeting, held in New Delhi.