Odisha Channel Bureau Bhubaneswar: National Aluminium Company Limited (NALCO), a Navratna PSU under Ministry of Mines, Government of India and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) have signed a memorandum of understanding (MoU) to jointly explore the possibility of setting up an Aluminium smelter in Iran, with supply of alumina from NALCO’s refinery in India.The MoU also envisages tolling arrangement with existing smelters in Iran for producing Aluminium from alumina supplied by NALCO, inter alia, it proposes to look into other business collaborations as well.“NALCO looks forward to using the low-cost gas-based energy available in Iran for conversion of its surplus alumina, presently exported to international markets, to bring in value addition and scale up value chain,” said Tapan Kumar Chand, CMD, NALCO.Under this MoU, a joint taskforce comprising NALCO and IMIDRO experts is getting constituted to work out the details.The MoU was signed between CMD, NALCO and Vice Chairman, Planning Board, Iran, on Monday in Tehran in presence of Prime Minister of India and President of Iran.N.R.Mohanty, Director (Projects & Technical) and B.K.Satpathy, Executive Director (Business Development), NALCO, were part of the delegation led by Chand.
May 24, 2016
Breaking News:
- Yemen's Houthi rebels claim downing US Reaper drone, release footage showing wreckage of aircraft
April 27, 2024, 3:21 pm - An apology 47 years in the making: New Orleans ‘juvenile lifer’ who killed 3 men in 1977 is granted parole
April 27, 2024, 2:54 pm - Reporter describes moment ex-assistant rejected Trump’s handshake in front of jurors
April 27, 2024, 2:28 pm - Fact Check: Rumor Says Biden Finished 76th Academically in a Class of 85 at Syracuse University College of Law in '68. Here Are the Facts
April 27, 2024, 1:00 pm - Opinion: I’m a Jewish student at Yale. Here’s what everyone is getting wrong about the protests
April 27, 2024, 12:30 pm - Shocker From Top Conservative Judge: Trump Likely To Skate Completely
April 27, 2024, 10:00 am - Former Russian sex spy says she was trained as a ‘master manipulator’
April 27, 2024, 8:00 am - Trump promised big plans to flip Black and Latino voters. Many Republicans are waiting to see them
April 27, 2024, 4:05 am - 21 Things Women Didn't Realize Their Body Was Capable Of Doing Until It Just... Happened
April 27, 2024, 3:46 am - South Dakota Gov. Kristi Noem defends 'tough decisions' like killing own dog in her new book
April 27, 2024, 1:55 am