# NALCO plans two joint ventures with Almex and Rusal at Angul Aluminium Park

National Aluminium Company Limited (NALCO) is planning to set up two joint ventures at the Angul Aluminium Park in Odisha: one with US-based Almex and another with Russia's Rusal. The JVs will manufacture special-grade aluminium for metro trains, e-vehicles, aerospace and automobile sectors. NALCO will hold a 40% stake in each JV.

- Type: Partnership
- Announced: 2017-10-17
- Where: Angul, Odisha, India
- Status: announced
- Products: special-grade aluminium
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [National Aluminium Company Limited](https://endata.com/companies/27990.md)
- [RUSAL](https://endata.com/companies/15292.md) (partner)
- [Almex](https://endata.com/companies/23306.md) (partner)

## Sources

- [livemint.com](https://www.livemint.com/Home-Page/YEyNAkTiPw5M1BZ66syAEO/Nalco-plans-2-joint-ventures-with-US-Russiabased-companies.html), 2017-10-17: "We will form JVs with Almex and Rusal as technology partners and another Indian entity as minority shareholder."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.