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Nalco announces to maintain invest plan, not affected by weak aluminum price
2019/09/20
National Aluminium Company Limited (Nalco), a Navratna CPSE under Ministry of Mines, decided to continue its investment plan on its alumina refinery project, which expected to be completed by 2022-2023.

After the trade war between China and the US had caused the metals’ price decline, and also threat on the slowdown economic growth globally, which drive the price of aluminum dropped 14% in this year, influenced the profit margin.

However, despite the market was pessimistic, Tapan Kumar Chand, the director of Nalco, believed the demand for aluminum would stay strong because of the high demand from power, construction, and automobiles.

Based on the optimistic view, Chand decided to maintain the original investment plans, by the amount of over Rs 48 billion.
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