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:
- Trump begins firings of FAA air traffic control staff just weeks after fatal DC plane crash
February 17, 2025, 1:27 pm - Dallas Mavericks assistant coach assaulted girlfriend after she read his texts, police say
February 17, 2025, 1:10 pm - An apex carnivore was ‘king of the ancient Egyptian forest’ then mysteriously went extinct. A fossil could offer clues
February 17, 2025, 1:05 pm - Mike Pence emerges as one of the few Republicans willing to challenge Trump 2.0
February 17, 2025, 12:52 pm - India opposition slams Trump's F-35 offer, Russia makes its own pitch
February 17, 2025, 12:48 pm - Snow After Floods Cause Tangled Shutdown Of Kentucky Highway
February 17, 2025, 12:27 pm - This Pennsylvania man lost his life savings after getting scammed — twice — losing $70,000 in wire transfers
February 17, 2025, 12:15 pm - US House Speaker Johnson: West will only survive if countries prioritise national interests
February 17, 2025, 11:44 am - Researchers issue warning after discovering worrying trend in weather patterns — here's what the next 40 years could look like
February 17, 2025, 11:00 am - Trump offers key concessions to Putin ahead of Ukraine peace talks in Saudi Arabia
February 17, 2025, 10:44 am