NALCO Park

The Minister of Mines and Minister of Development of North Eastern Region Shri B.K. Handique has said that National Aluminium Company Limited (NALCO) has informed that the Company has signed a Memorandum of Understanding (MoU) with Orissa Industrial Infrastructure Development Corporation (IDCO), a State Government of Orissa Public Sector Enterprise, to set up an aluminium park in the district of Angul, Orissa on a 50:50 joint venture partnership. In a written reply in the Lok Sabha today he said, the proposed aluminium park at Angul is expected to promote down-stream and anciliary industries that would encourage value addition within the periphery of the plant.