Nalco and IMIDRO signed pact for Aluminum smelter in Iran

0
221

The pact is signed between the two parties on Monday, which predict the tolling arrangement with existing smelters in Iran. Aluminum firm Nalco and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) signed the pact to produce aluminum from alumina supplied by Nalco.

 

The pact was signed with intention to explore the probability of establishing an aluminum smelter in Iran. The Nalco is Orissa-based supplier of alumina, which has refinery in India. The pact is signed between the two parties on Monday, which predict the tolling arrangement with existing smelters in Iran. Aluminum firm Nalco and Iranian Mines & Mining Industries Development & Renovation Organization (IMIDRO) signed the pact to produce aluminum from alumina supplied by Nalco. Nalco is expecting to use the low-cost gas-based energy, which is available in Iran. Low-cost gas-based energy aids Nalco in conversion of its surplus alumina, which is presently exported to international markets in order to fetch the value-addition and improve value chain. The pact was signed by the CMD of Nalco and Vice Chairman of Planning Board, Iran in Tehran, where the Prime Minister of India and President of Iran were present.

LEAVE A REPLY