Midal Cables gets land for aluminium unit.

The state government's land acquisition agency, Odisha Industrial Infrastructure Development Corporation (Idco) has allotted 12 acres land to Bahrain-based investor Midal Cables at the aluminium downstream park coming up at Angul.

The aluminium park is being developed jointly by National Aluminium Company (Nalco) and Idco. A special purpose vehicle (SPV) called Angul Aluminium Park Private Ltd (AAPPL) was formed by Idco and Nalco for the purpose.

'Idco has leased out 12 acres land to Midal Cables for setting up its facility at the aluminium park,' said an industries department official.

Midal Cables has announced an investment of Rs. 300 crore to set up an aluminium conductor and rod manufacturing unit.

BS