Nalco to form JV with Midhani for aluminium alloy plates.

According to reports, Government of India enterprise, Nalco, will create a JV with Mishra Dhatu Nigam for manufacturing of aluminium alloy plates and sheets, on Thursday after market hours. National Aluminium Company (Nalco) has inked a pact with Mishra Dhatu Nigam (Midhani) to incorporate a Joint Venture company (JVC) to set up high-end aluminium alloy plant for manufacturing of plates, sheets. The company and MIDHANI will initially subscribe for shares in the JVC in equal proportion of 50 per cent each. The JVC agrees to induct a technology partner/technology associate/technology provider with shareholding up to a maximum of 10 per…