India`s Nuclear Power Corp to set up aluminium jv

New Delhi (ANTARA News/Asia Pulse) - The state-owned Nuclear Power Corporation of India is in talks with aluminium major NALCO (BSE:532234) to set up a joint venture company to build atomic power plants in India. "We are in talks with them (IOC [BSE:530965] and NALCO) and very soon we will be entering into MoUs with these companies," NPCIL CMD S K Jain told reporters on the sidelines of India Electricity Summit 2009 here. NALCO is the third PSU after power producer NTPC (BSE:532555) and the Indian Oil Corporation which has expressed interest in joining hands with Nuclear Power Corporation of India Ltd (NPCIL) to set up nuclear power plants.