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Mishra Dhatu Nigam, NALCO to incorporate joint venture

09 Aug 2019 Evaluate

Mishra Dhatu Nigam has signed a pact with National Aluminium Company (NALCO) to incorporate a joint venture (JV) to set up high-end aluminium alloy plant. The board of the joint venture will have a maximum of 12 board members with both the companies nominating minimum two directors each to the board.

Mishra Dhatu Nigam is the prime specialized metals and metal alloys manufacturing facility in India, located at Hyderabad, Andhra Pradesh.

Peers
Company Name CMP
JSW Steel 1171.60
Tata Steel 172.30
Steel Authority 171.00
Jindal Stainless 706.00
APL Apollo Tubes 2156.15
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