Indian NALCO to invest for expansion & diversification
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Update time : 2021-01-11 17:22:10
According to Union Minister for Coal and Mines Pralhad Joshi, Indian National Aluminium Company Limited (NALCO), an Indian state-owned aluminum giant, will invest Rs 30,000 crore in the next 6-7 years for expansion and diversification, which was expected to create a multiplier effect in the production and consumption for the Indian mining industry. The project may be formed as joint ventures.
NALCO is a public sector enterprise under the Indian Ministry of Mines, and 51.5% equity of NALCO is held by the Indian government.
