National Aluminium Company (NALCO) has inked an MoU with Neelachal Ispat Nigam (NINL) to set up a joint venture (JV) company for producing coal tar pitch in Odisha. The agreement is part of the new business plan of NALCO to ensure backward integration and sustain the plans for forward integration.
Under the JV, the coal tar distillation plant that is proposed to be set up, will use the coal tar generated from NINL’s coke oven plant at its 1.1 million tonne per annum integrated iron and steel plant at Kalinga Nagar in Duburi. NINL will be preparing a techno-economic feasibility report for the JV project.
NALCO has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network in terms of rail & port facilities, coal mining and handling plant to support its operations and to become one of the most cost-efficient aluminium companies across the globe.
