National Aluminium Company (Nalco) has announced its plan to invest 
around USD 1 billion in Iran’s aluminum industry and construction of a power plant.
Nalco and Kerman Development Organisation will form up a joint venture (JV) company to make investments in Iran's Aluminum industry and electriciry segment.
Along with management control, Nalco will hold the majority share in the joint venture company.
The new Nalco overseas project entails a 1.55 lakh ton smelter during the initial phase and another identical capacity smelter in the second one, along with a 750 mw gas based captive power plant.
Iran on Monday started talks with inspectors from the UN nuclear watchdo
Apr.
Islamabad, Apr.
