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NALCO signs $3.4 bn smelter deal

PUBLISHED ON: January 12, 2008 | Duration: 2 min, 10 sec

  
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National Aluminium Co Ltd (Nalco), India's second biggest producer of aluminium, Friday inked a deal with the Indonesian government in Jakarta to set up a 500,000-tonne smelter and a 1,250-MW captive power plant in that country at a cost of $3.4 billion, the company said in Bhubaneswar. A memorandum of understanding (MoU) to this effect was signed between B.L. Bagra, director, finance, NALCO, and H. Mahyuddin, vice-governor, South Sumatra Province, Indonesia.
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