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NALCO & MIDHANI to Form JV for Aluminium Alloy Plates

Metal News - Published on Tue, 13 Aug 2019

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National Aluminium Company has inked a pact with Mishra Dhatu Nigam to incorporate a Joint Venture company to set up high-end aluminium alloy plant for manufacturing of plates, sheets. The company and MIDHANI will initially subscribe for shares in the JVC in equal proportion of 50 per cent each. The JVC agrees to induct a technology partner / technology associate / technology provider with shareholding up to a maximum of 10 per cent of the total paid-up equity in the JVC during incorporation or else may dilute up to 10 per cent of the total paid-up equity (in equal proportion) to them.

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Posted By : Rabi Wangkhem on Tue, 13 Aug 2019
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