Bhubaneswar, Jan 27: “51% of the India’s aluminium requirements are presently met through imports from China, Middle East and other countries. Of this, a major portion is value added products, that are not produced in India, and are used by the auto and aero sectors,” said Dr. Tapan Kumar Chand, CMD NALCO.
Under the Government of India’s mission for Make in India, Nalco is taking up joint venture projects with MIDHANI – a Defence PSU under the Ministry of Defence, to produce auto-grade aluminium and other high-end value added products which are not produced in India, Dr. Chand added. He said, “Discussions with MIDHANI are in an advanced stage, for formation of the Joint-Venture company. The production facilities of the Joint-Venture will be located in Angul as well as Hyderabad, in the premises of MIDHANI”.
Dr Chand had earlier unfurled the National flag on the occasion of the 68th Republic Day at the Company’s headquarters in Bhubaneswar.
