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Indonesia Says India's NALCO in Talks to Invest in Smelter
Jul 22,2011 13:21CST
industry news
Source:SMM
India's state-run National Aluminium Co Ltd (NALCO) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at Indonesia's investment agency said on Thursday.

JAKARTA, July 21 -- India's state-run National Aluminium Co Ltd (NALCO) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at Indonesia's investment agency said on Thursday.

Indian firms are also interested in investing in geothermal power, railways and cement production in Southeast Asia's biggest economy, the official said, declining to give names of companies or potential investment figures.

Foreign direct investment (FDI) in Indonesia surged 21 percent in the second quarter of 2011 from a year ago, as strong commodity prices attracted investors into the mining sector, the agency said earlier on Thursday.

NALCO

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