After the Nalco has agreed to supply hot metal to the Aluminium Park coming up at Angul, the Odisha Industrial Infrastructure Development Corporation (IDCO) has urged the Nalco to sign an agreement or an MoU to this effect.
Recently, the Nalco agreed to supply 50,000 tonnes per annum (tpa) of molten metal for a period of 20 years to the downstream industries coming up at the Aluminium Park, which is being developed jointly by the Nalco and the IDCO.
It may be noted that in its hot metal supply commitment statement, the Nalco had mentioned that it may consider enhancing the committed quantity once the allocated Utkal-E coal block gets operational, which is held up due to several hurdles.
The IDCO CMD had said, “As regards NAlCO’s Utkal-E coal block, it is mentioned here that necessary instruction has already been given to CGM (land) to follow up on the issues pending with the State Government for early operationalisation of the coal block. I shall also be reviewing the progress on a regular basis.”
The Department of Industrial Policy & Promotion (DIPP) under Union Commerce and Industry Ministry recently agreed to provide a grant of `43.01 crore to the Aluminium Park under the Modified Industrial Infrastructure Upgradation Scheme.
The industrial complex at Angul is to be developed on 204 acres of land at a cost of around `125 crore. The park has, so far, attracted investments worth `631 crore.