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Russia Rusal, India Essar Group In Alumina Plant Talk

Monday, Apr 09, 2007
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KOLKATA--Russian aluminum producer UC Rusal is in talks with India's Essar Group (ESG.YY) to jointly build a 1 million-metric-ton-a-year alumina refinery plant in the eastern state of Orissa, the Economic Times reported Monday, citing unnamed sources.

The cost of building such a project is about $1 billion, the report said.

An Essar group spokesman confirmed "informal" talks between the two companies but added that no formal decision has been taken yet, the report added.

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