After two revised deadlines, Gujarat Mineral Development Corporation has managed to get 9 responses for its INR 14,000 crore aluminum project in Kutch of Gujarat.
The companies are UltraTech Cement, Gujarat Foils, JSW Aluminum, NALCO, Aluchem (USA), Dubai Aluminum (Dubai), Jaiprakash Associates, Adani Group and Jindal Steel and Power.
A GMDC official said that “What is interesting to note is that non aluminum companies like Jaiprakash Associates, Jindal Steel and Power and UltraTech Cement have shown interest in the business. Nine bids have been received and now the process of evaluation of the expression of interests will begin.”
GMDC had invited an EoI from interested companies for 1 million tonne alumina refinery and a half a million tonne aluminum smelter in the Kutch region of Gujarat. The bauxite requirement for the project will be supplied by GMDC through its captive mines. The company stated that its bauxite mines in the Kutch region are enough to last a project this size for 25 to 30 years.
(Sourced from Business Standard)