By John Lee.
India’s National Aluminium Company Ltd (NALCO) has put its overseas projects on hold in order to focus on expanding domestic capacity.
The company signed a memorandum of understanding (MoU) with the Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO) last year to explore the possibility of setting up a joint aluminum smelter in southern Iran.
Chairman Tapan Kumar Chand told Reuters:
“Iran’s proposal is attractive as long as gas prices are attractive, but not much of an indication in that area has come.”