 "Nalco rides on London Metal Exchange gains, sees room for more price hikes")
National Aluminium Company (Nalco) is placing high stakes on downstream aluminium business. After co-developing a downstream park with Odisha Industrial Infrastructure Development Corporation (Idco) and planning joint ventures with foreign players- Almex and Rusal, the navratna company has pledged an investment of Rs 55.2 billion on a major downstream complex at Kamkhyanagar in Dhenkanal district.
Billed as the largest investment in metal downstream space in Odisha, the project will be funded wholly from Nalco's internal accruals.
“Nalco's focus is on constant value addition. There is huge demand for value added aluminium products. Apart from catering to the demand, product diversification
