Two central government owned entities- National Aluminium Company (NALCO) and Neelachal Ispat Nigam Ltd (NINL) have signed a memorandum of understanding (MoU) for producing coal tar pitch. A joint venture (JV) company will be formed for this purpose.
The MoU was signed by S K Satpathy, general manager (business development and R&D), NALCO and S B Jagdale, joint managing director, NINL in the presence of T K Chand, chairman cum managing director (CMD), NALCO and other senior officials of the two companies.
“The agreement is part of the new business plan of NALCO to ensure backward integration and sustain the plans for forward integration,” said Tapan Kumar Chand, NALCO’s CMD. A coal tar distillation plant is proposed to be set-up, under the JV, based on the coal tar generated from NINL’s coke oven plant at its 1.1 MnT per annum integrated iron & steel plant at Kalinga Nagar in Duburi. NINL will be preparing a techno-economic feasibility report for the JV project.
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