Your Location > Home > News & Market >International News > Nalco, NINL ink MoU to establish coal tar pitch plant in Odisha
Today' Focus
-
Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...
International News
Domestic News
International News
Nalco, NINL ink MoU to establish coal tar pitch plant in Odisha
- China Aluminium Network
- Post Time: 2017/3/8
- Click Amount: 413
India's Navaratna public sector undertaking National Aluminium Company Ltd (Nalco) has signed a Memorandum of Undertaking (MoU) with Neelachal Inspat Nigam Limited (NINL) for establishing a joint-venture coal tar pitch producing company. The move is in line with the State owned aluminium major's revised business strategy of investing in backward integration in order to sustain its aluminium smelting business.
The plan involves establishment of a coal tar distillation plant using raw material produced by the domestic steel producer's coke oven plant located in Odisha's Kalinganagar industrial town. The plant has an annual capacity of 1.1 million tonne.
Commenting on the development Nalco’s chairman and managing director Dr. Tapan Kumar Chand said, “The agreement is part of the new business plan of NALCO to ensure backward integration and sustain the plans for forward integration.”
As per the agreement, NINL will be preparing the techno-economic feasibility report required for the project.
The MoU was inked by S K Satpathy, General Manager (Business Development and R&D), Nalco and S B Jagdale, joint managing director of NINL in presence of Dr. Chand at Nalco’s Corporate Office in Bhubaneswar. Other senior officials from Nalco who were also present include, N R Mohanty, Director (P&T), K C Samal, Director (Finance), V Balasubramaniam, Director (Production), B K Thakur, Director (HR), and K N Ravindra, Executive Director (CS).
- Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China
Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China
Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this.
②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or
accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the
articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey
this.
③If any articles copied by our website concern the copyright and other problems, please contact us within one week.