MOU
Nalco NINL to set up joint venture for coal tar plant in Odisha
BHUBANESHWAR. National Aluminium Company Limited (Nalco) and Neelachal Ispat Nigam Limited (NINL) have signed a memorandum of understanding (MoU) to set up a joint venture 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," said Nalco CMD Tapan Kumar Chand in a statement on Tuesday.
The MoU was signed by General Manager (Business Development and R&D) S.K. Satpathy and Joint Managing Director S.B. Jagdale on behalf of Nalco and NINL, respectively.
A coal tar distillation plant is proposed to be set up, under the joint venture (JV), based on the coal tar generated from NINL's coke oven plant at its 1.1 million tonne per annum integrated iron and steel plant at Kalinganagar in Jajpur district. NINL will be preparing a techno-economic feasibility report for the JV project. WEB india 123
Read Also : Indigenous Technology Cruise Missile successfully flight-tested by DRDO
News Must Read
- CIL’s capex up 6.5% to highest Rs.19,840 Crores in FY 2024
- SCOPE presents SCOPE PREMIER LEAGUE
- MCL Ib Valley Washery commenced commercial operation
- HAL bags Rs 65,000 Cr tender by Defence Ministry
- PSBs' growth output superseded Private Lending firms
- Northern Coalfields Limited CMD inspects Amlohri Area
- SCOPE organizes Public Sector Day celebrations
- IOCL Final Dividend Announcement Expected at April 30 Board Meeting
- Steel Cutting Ceremony of Indian Navy held at HSL Vishakapatnam
- DIPAM declines PFC-REC debt resolution proposal for KSK Mahanadi project