Odisha Sun Times Business Bureau
Bhubaneswar, June 26:
National Aluminium Company Limited (NALCO), the Navratna PSU under the Ministry of Mines, Govt. of India, has reiterated its commitment to supply hot metal to the proposed Aluminium Park, a Joint Venture Between NALCO and Odisha Industrial Infrastructure Development Corporation (IDCO), in Angul districts of Odisha.
The Department of Industrial Promotion and Policy [DIPP], Government of India has recently agreed to provide a grant-in aid of Rs.43 crore for the development of the physical infrastructure and common utilities in the Angul Aluminium Park.
After this nod, IDCO had 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, the company has agreed to supply 50,000 tonnes per annum of molten metal initially to Angul Aluminium Park for promoting downstream industries.
NALCO may consider enhancing the quantity once the Utkal-E Coal Block allotted to NALCO gets operational, which is presently delayed due to several hurdles and requested the State authorities to intervene in the matter.