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NALCO to supply raw material to Odisha aluminium park

IANS 27 Jun 2014, 6:57:14 IST
Bhubaneswar: India's state-owned National Aluminium Company Limited (NALCO) Thursday reiterated its commitment to supply hot metal to a proposed aluminium park in Odisha.

In a statement, the Bhubaneswar-headquartered aluminium producer said it has agreed to supply 50,000 tonnes of molten metal per annum initially to the proposed Angul Aluminium Park for promoting downstream industries.

The aluminium park is being set up in the district headquarters town of Angul, about 160 km from state capital Bhubaneswar.

It is a joint venture between NALCO and state government-owned Odisha Industrial Infrastructure Development Corporation (IDCO).

The Department of Industrial Promotion and Policy under the union government recently agreed to provide a grant-in aid of Rs.43 crore for the development of the physical infrastructure and common utilities in the aluminium park.

After this nod, IDCO 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, it agreed to supply molten metal initially to the aluminium park for promoting downstream industries," the company said.