The land losers in the project for the setting up of the National Aluminium Company Ltd (Nalco) unit here have threatened to block the water supply to the PSU and damage its conveyor belt if their demand for jobs with the company is not fulfilled at the earliest.
Orissa Chief Minister Naveen
Patnaik today strongly opposed the Centre`s move to offload 10
per cent of its stake in the Navratna aluminium giant Nalco
which has its mines, refinery and smelter unit in the state.
State-run aluminium major National Aluminiun Company Ltd (NALCO) on Wednesday posted a decline of 29.29 per cent in its net profit at Rs 155.18 crore for the third quarter ended December 31, 2009, over the same period a year ago.
State-run National Aluminium Co has decided not to pursue its planned aluminium smelter and power plant in South Africa as it could not get coal linkage, but will push a similar project in Iran, a senior company official said.