Expansion
Nalco is planning to invest around 40,000 crores of Indian rupees in the next five years starting 2008. The investments will be made in alumina smelters and power projects in Indonesia, South Africa, Iran and within India.
A joint venture between MEC and Nalco will operate a smelter in East Kalimantan for $5.6 billion construction.
National Aluminium Company Ltd (Nalco) plans to hike its stake in the nuclear power joint venture with Nuclear Power Corporation of India (NPCIL).Nalco's current stake in the firm is 26% and its is expected to be 49%.
Read more about this topic: National Aluminium Company
Famous quotes containing the word expansion:
“Artistic genius is an expansion of monkey imitativeness.”
—W. Winwood Reade (1838–1875)
“The fundamental steps of expansion that will open a person, over time, to the full flowering of his or her individuality are the same for both genders. But men and women are rarely in the same place struggling with the same questions at the same age.”
—Gail Sheehy (20th century)
“We are caught up Mr. Perry on a great wave whether we will or no, a great wave of expansion and progress. All these mechanical inventions—telephones, electricity, steel bridges, horseless vehicles—they are all leading somewhere. It’s up to us to be on the inside in the forefront of progress.”
—John Dos Passos (1896–1970)