Nalco to set up plants abroad

 
“We will be setting up a aluminium smelter and power plant in Indonesia besides another smelter plant in Iran,” Nalco Chairman and Managing Director (CMD) C R Pradhan said.

On the Indonesia project, he said, the government of Indonesia had already approved the foreign investment proposal of the company. “We are planning to acquire a coal mine of 200 million tonnes reserve in joint venture for setting up the smelter and power plant,” Pradhan said.

He maintained that the firm has decided to set up the smelter plant in Iran in view of the abundant reserve of natural gas and availability of cheap electricity.