Global Business in Iran Database
In-depth metrics and analysis of Iran's international economic partnerships.
NALCO-Iran, Iranian Energy, Aluminum Investment
description
India's National Aluminum Company has agreed to invest Rs 7,800 cr.- Rs. 10,000 cr. ($1.687 billion to $2.16 billion) in Iran's aluminum and energy sectors. NALCO proposed to set up a 3.10 lakh-ton smelter and 750 Mw power plant in Iran. The company expects to complete its projects within three years. As of February 2008, the firm was facing difficulties raising the capital required to complete the projects.
UPDATE: The company's project in Iran remains stalled due to politcal reasons according to NALCO's Chief Managing Director.
- Country: India
- Contractor: National Aluminum Company Ltd. (NALCO)
- Amount (Current Dollar Value): Rs 7,800 cr. - Rs 10,000 cr. ($1.687 billion to $2.16 billion)
Status
- Current Status:
- Discussion Date:
- Contract Date: Sat, 2008-04-26
- Completion Date:
Citation
1. "NALCO Selects Consultant for Iran Project." Projects Today. April 26, 2008. Available at http://www.projectstoday.com/newsr.asp?newsid=22885.
2. "NALCO's Projects to Face Delays", India Business Insights, February 8, 2009. Available at Nexis.com
3. "Nalco seeks financial partners to fund Iran project", Business Standard, 23 December 2009, available at http://www.business-standard.com/india/news/nalco-seeks-financial-partne....
4. "Nalco’s Iranian venture faces hurdles", Business Line, 25 February 2010, available at http://www.thehindubusinessline.com/blnus/02251831.htm.
All projects by National Aluminum Company Ltd. (NALCO)
Country |
Contractor | Project Name | Amount (Current Dollar Value) | Last Action | Status | ||
|---|---|---|---|---|---|---|---|
| National Aluminum Company Ltd. (NALCO) | India's NALCO to Build Aluminium Factory in Iran | $1 billion |
08/12/08 |
Contracted | |||
| National Aluminum Company Ltd. (NALCO) | NALCO-Iran, Iranian Energy, Aluminum Investment | $2.16 billion |
02/25/10 |
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