India’s National Aluminium (Nalco) to join hands in Gujarat Alkalies Chemicals Limited (GACL) plans to invest 18 billion rupees a new sodium hydroxide factory.
The joint venture will be built in the state of Gujarat. Nalco responsible TKChand said a few days ago has laid the cornerstone for the proposed plant.
The new company is named GACL-Nalco Alkalies & Chemicals Private Limited, which NALCO shares accounted for 40%, the rest is held by GACL, planned annual production of 270,000 tons of sodium hydroxide.
Chand said, according to Nalco‘s backward integration plan, which is a high-efficiency plant. Nalco to buy at least 50,000 tons per year of sodium hydroxide.
In addition, Nalco and Gujarat Mineral Development Corporation (GMDC) is building a annual capacity of 500,000 tons of aluminum metals refinery.