A Nalco-MIDHANI joint venture to build a 60,000 TPA high-end aluminium alloy plant in Nellore, Andhra Pradesh, has been deemed commercially unviable due to low demand and localisation levels. Ministries are reviewing closure despite land acquisition and earlier investment plans
Besides, the company will spend over Rs 7,000 crore on the 5th stream refinery, Pottangi bauxite mines, bauxite transportation system from south block & Utkal D & E coal mines.
