State owned Gujarat Mineral Development Corporation said that its board will take a decision next month on setting up an alumina plant and aluminium smelter project in joint venture with the Navratna PSU NALCO.
NALCO a leading aluminium producer, recently had qualified as the sole bidder for the over INR 10,000 crore ton INR 15,000 crore alumina and smelter plant project, proposed in Kutch district of Gujarat.
A top GMDC official told PTI that "NALCO, the sole qualified bidder, for our alumina plant and aluminium smelter project, has deposited the upfront fees of INR 150 crore. We shall now take it to our board by middle of next month, which will take the final decision on JV.”
The other companies who had evinced interest through EOI's included Hindalco, JSW Aluminium and Adani group. The bids for project were technically examined by the Nagpur-based Jawaharlal Nehru Aluminium Research Development and Design Centre.
The official added that "Once our board approves it, the next step would be to take it to the Gujarat government for final approval, which is likely by mid April.”
The project is for one million tonne alumina and 0.5 million tonne aluminium smelter. GMDC will supply bauxite for the project from its group of mines in Kutch.
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