 "Nalco CMD and Iran's VC - Planning Board signing the MoU")
National Aluminium Company Limited (Nalco) has signed an MoU with Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) to jointly explore the possibility of setting up an aluminium smelter in Iran, with supply of alumina from Nalco’s refinery in India. The MoU also envisages tolling arrangement with existing smelters in Iran for producing aluminium from alumina supplied by Nalco. Inter alia, the MoU proposes to look into other business collaborations as well.
“Nalco is looking forward to use the low-cost gas-based energy available in Iran for conversion of its surplus alumina, presently exported to international markets, to bring in value addition and scale up value chain,” said Dr Tapan Kumar Chand, CMD, NALCO.
Under this MoU, a joint taskforce comprising Nalco and IMIDRO experts is getting constituted to work out the details. The MoU was signed between CMD, NALCO and vice chairman, Planning Board, Iran, yesterday in Tehran in presence of PM Narendra Modi and Iranian President Hassan Rouhani.
