Nalco,$ GMDC JV may implementr Rs 15,000-cr Aluminium project

National Aluminium Company (Nalco), has turned out to be the sole final bidder for Gujarat Mineral Development Corporatio's (GMDC) Rs 15,000-crore aluminium project in Kutch, Gujarat.

The project is for a million-tonne alumina and 500,000- tonne aluminium smelter and GMDC will supply bauxite from its mines in Kutch. The total project cost is expected to be around Rs 15,000 crore.

The nine companies that had shown interest through Expression of Interest (EoI) letters were Hindalco Industries, Gujarat Foils, JSW Aluminium, Nalco, Aluchem (USA), Dubai Aluminium, Jaiprakash Associates, Adani Group and Jindal Steel and Power. Gujarat Foils had partnered with Rusal of Russia, the world's largest aluminium maker, to bid.