Nalco Plans 2 JVs With US, Russia-Based Companies

Nalco Plans 2 JVs With US, Russia-Based Companies

By Abhishek Sonkar Bhubaneswar, Oct 17 (PTI) Aluminium major Nalco is planning to set up two joint ventures – one with US-based Almex and another with Russia’s Rusal – at the upcoming Angul Aluminium Park in Odisha, a senior company official said.

NALCO To Expand To New “Immune” Sectors To Counter Downturn

NALCO To Expand To New “Immune” Sectors To Counter Downturn

Faced with a muted global metal market and a weak bottomline, aluminium major NALCO today announced plans to diversify into areas like green power, caustic soda and merchant mining, which are “immune” to downturns.aluminium major NALCO today announced plans to diversify into areas like green power, caustic soda and merchant mining, which are “immune” to downturns.