 "Nalco, Hindustan Copper, MECL sign pact to acquire overseas minerals")
Aluminium major National Aluminium Company Ltd (Nalco) has teamed up with two more central PSUs- Hindustan Copper Ltd (HCL) and Mineral Exploration Corporation Ltd (MECL)- to explore acquisition options through a joint venture agreement.
The three central PSUs entered into a memorandum of understanding (MoU) on Tuesday with the objective of making the country self-reliant in select areas, where it faces issues of scarcity or complete lack of availability. In this respect, the plan involves increasing the availability of 12 strategic minerals.
The MoU was signed by the respective heads of the firms- T K Chand, chairman cum managing director
The three central PSUs entered into a memorandum of understanding (MoU) on Tuesday with the objective of making the country self-reliant in select areas, where it faces issues of scarcity or complete lack of availability. In this respect, the plan involves increasing the availability of 12 strategic minerals.
The MoU was signed by the respective heads of the firms- T K Chand, chairman cum managing director
