NCEMI


Indian Bureau of Mines

  

 Indian Bureau of Mines  

 The East Coast bauxite discovery led to the setting up of India’s largest Alumina-Aluminium complex, National Aluminium Company Ltd (NALCO) in 1981 following technical collaboration agreement with Aluminium Pechiney of France. The project cost of ` 2,408 crore was part financed by 980 million euro dollar loan extended by a consortium of International banks. The Company has long back prepaid the loan, besides contributing more than ` 16,000 crore to Central and State exchequer as tax and duties etc, besides having huge cash reserve for future growth activities.

- CIC order - Mining Plan

 


 

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