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Nalco enters into pact with MIDHANI to incorporate JVC

09 Aug 2019 Evaluate

National Aluminium Company (NALCO) has inked a pact with Mishra Dhatu Nigam (MIDHANI) to incorporate a Joint Venture company (JVC) to set up high-end aluminium alloy plant for manufacturing of plates, sheets. The company and MIDHANI will initially subscribe for shares in the JVC in equal proportion of 50 per cent each.

The JVC agrees to induct a technology partner/technology associate/technology provider with shareholding up to a maximum of 10 per cent of the total paid up equity in the JVC during incorporation or else may dilute up to 10 per cent of the total paid up equity (in equal proportion) to them

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.

National Aluminium Share Price

438.70 5.95 (1.37%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 438.70
Maan Aluminium 144.15
Arfin India 94.47
Manaksia Aluminium 31.35
PG Foils 216.40
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