Odisha Channel Bureau Bhubaneswar, June 26: National Aluminium Company Limited (NALCO) on Thursday reiterated its commitment to supply hot metal to the proposed Angul Aluminium Park, which is a joint venture between NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO).It may be mentioned that the Department of Industrial Promotion and Policy, Government of India has recently agreed to provide a grant-in aid of Rs.43 crore for the development of the physical infrastructure and common utilities in the Angul Aluminium Park.After this nod, IDCO had sought commitment from NALCO to provide raw material support to the downstream units to be located in the park.Though NALCO is operating at reduced capacities, due to the difficulties in getting adequate supply of coal for its captive power plant, the company has agreed to supply 50,000 tonnes per annum of molten metal initially to Angul Aluminium Park for promoting downstream industries, the company said in a press release issued in Bhubaneswar. NALCO may consider enhancing the quantity once the Utkal-E Coal Block (allotted to NALCO) gets operational, which is presently delayed due to several hurdles and requested the State authorities to intervene to remove such hurdles, according to the release.
June 26, 2014
June 26, 2014
0 Comment
Breaking News:
- ‘True monster’: Man convicted of raping, killing Mass. teacher pleads guilty in brutal assault case
April 26, 2024, 5:11 pm - President Joe Biden says he's 'happy to debate' Donald Trump. Trump says he's ready to go
April 26, 2024, 4:11 pm - Best images from Boca Bash, the wild boating party on Lake Boca Raton
April 26, 2024, 3:47 pm - Pictured: Joe Biden ‘uses team of walkers to hide shuffling gait’ to Marine One
April 26, 2024, 2:48 pm - Samuel Alito’s Resentment Goes Full Tilt on a Black Day for the Court
April 26, 2024, 2:18 pm - Carpool violator busted in Southern California with ‘next level’ dummy
April 26, 2024, 12:41 pm - Russia has found the critical vulnerability in Nato’s American tanks
April 26, 2024, 12:23 pm - A lower Manhattan courtroom just dealt a fatal blow to the Trump mystique
April 26, 2024, 10:58 am - Jamie Dimon says America needs to ‘take a deep breath’ before facing off with China, because the U.S. is actually in a ‘very good position’ to negotiate
April 26, 2024, 10:46 am - Analysis-Arrest of Russian defence minister's deputy may be strike by rival 'clan'
April 26, 2024, 10:25 am