NALCO has its headquarter in Bhubaneswar. In Orissa, its major operations are in Angul and Damanjodi (Koraput). This week there has been several different news reports about it. We start with an excerpt from a report in Telegraph about the proposed aluminum park in Angul.

An MoU was signed between the central public sector National Aluminium Company (Nalco) and state-owned Industrial Infrastructure Development Corporation (Idco) here this evening.

… The proposed aluminium park, with an estimated cost of Rs 75 crore, will be located at Angul close to the smelter plant of Nalco, said its chairman and managing director C.R. Pradhan.

Nalco and Idco will set up a joint venture on 50:50 basis soon after signing the MoU, he said.

A pre-feasibility study for the aluminium park was conducted by AF Ferguson and 200 acre land has already been earmarked. Electricity, water, road facilities would be developed soon, Pradhan said.

Following is an excerpt from a report in Financial Express about the bauxite mine it got in Andhra Pradesh.

National Aluminium Company Ltd (Nalco) is all set to go ahead with its Rs 6,000 crore aluminium complex venture in Andhra Pradesh as the bauxite mines it had sought has been cleared by the Centre and the Andhra Pradesh government. The company has bagged Gudem and Katamraju Konda bauxite mines in AP, which promises a deposit of 85 million tonne of bauxite, according to a Nalco spokesperson.

Nalco plans to build a 1.4 million tonne green field alumina refinery based on the Gudem and KR Konda bauxite deposits at Visakhapatnam at an estimated investment of Rs 6,000 crore.

Following is an excerpt from a report in Reuters.

NALCO plans to build a 310,000 tonne smelter and a power plant in Iran with Iran’s Kerman Development Organisation in a project that would cost it 80 billion rupees ($1.7 billion).

"Maybe in a month or two we will go ahead for signing the joint venture agreement with our local partner," B.L. Bagra, NALCO’s director of finance, told Reuters.

… Another overseas venture in Indonesia for a smelter and power plant was awaiting port and rail concessions by the Indonesia government, Bagra said.