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RUSAL Inks Indian Alumina / Aluminium Deal

By Joel ScanlonNov 30 2010

The world's biggest aluminium and alumina producer, RUSAL has partnered with Indian company Gujarat Foils Ltd. to set up an alumina refinery and aluminium smelter in the Kutch district of Gujarat state, India. The total investment in this endeavour will add up to 140 billion rupees.

Gujarat Mineral Development Corporation Ltd (GMDC) has issued an expression of interest (EoI) to Gujarat Foils for setting up a 1 million tonne per annum alumina refinery and a 5,00,000 tonne aluminium smelter in Kutch district of the state.

The CEO and managing director of Gujarat Foils Vimal Kumar Somani, said that they were a knowledge driven company and did not have the wherewithal especially in terms of cash, to set up a huge plant and manufacture aluminium on their own.

Thus the company had tied up with the Moscow based RUSAL to submit an expression of interest to the Gujarat government to set up this aluminium plant. Vimal Kumar Somani also said that the finer details of the joint venture were still being worked out with the Russian company.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). RUSAL Inks Indian Alumina / Aluminium Deal. AZoMining. Retrieved on April 25, 2024 from https://www.azomining.com/News.aspx?newsID=1735.
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Scanlon, Joel. "RUSAL Inks Indian Alumina / Aluminium Deal". AZoMining. 25 April 2024. <https://www.azomining.com/News.aspx?newsID=1735>.
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