India pushes for $2.6 billion Iran smelter

[Aramagedon]

Tehran, Aug 9, IRNA - Iranian and Indian officials will meet next week to discuss plans to construct an aluminum smelter and a captive power plant in Iran in a project worth about $2.6 billion.

India pushes for $2.6b Iran smelter

National Aluminum Co Ltd (NALCO)’s idea to set up the 1-million-ton capacity facility is driven by power shortages in India given that electricity accounts for 40 percent of smelting costs.
Tapan Kumar Chand, NALCO’s new chairman and managing director, will meet Iran’s Ambassador to India Gholamreza Ansari in New Delhi next week to take things forward, the Tehran-based English newspaper Iran Daily reported.
Chand said his company would prefer a local partner who could supply cheap electricity to fire the smelter. For feedstock in the plant, NALCO will ship alumina from the Indian state of Odisha.
The company has been planning to build the smelter since 2014 but was dragging its feet because of sanctions on Iran.
Last month’s conclusion of nuclear talks has encouraged the Indian government and companies to push for stepped-up trade with the Islamic Republic.
India’s state-owned Kudremukh Iron Ore Company Ltd (KIOCL) plans to import one million metric tons of iron ore from Gol Gohar Mining Company of Iran. The Mangalore-based company makes pellets from the imported ore and exports them to Iran.
KIOCL has already supplied 50,000 metric tons of high grade iron ore pellets to Iran and expects to sell 1-2 million tons more.
On Monday, Ambassador Ansari said Iran would welcome India’s participation in various ‘big ticket projects’ in diverse sectors.
Indian Oil Minister Dharmendra Pradhan plans to visit Tehran at the head of a delegation to win back development of a major gas field, which New Delhi lost by dawdling under US pressures.
India has signed a memorandum of understanding to develop Iran’s strategically-located Chabahar port but a commercial accord has to be inked yet in order to start the project.

Long live Iran-India relationship .

 

[Godman]

I hope iranian sanctions are removed soon, iran will become a economic super power in a few years

 

[That Guy]

I hope iranian sanctions are removed soon, iran will become a economic super power in a few years

No it won't. It wasn't one before sanctions, it wont be one after sanctions.

 

[Aramagedon]

No it won't. It wasn't one before sanctions, it wont be one after sanctions.

Now our PPP is 17 th despite decades sanctions and 8 years war. Without them we would be one of top ten.
1-US 2-China 3-Japan 4-India 5- Germany 6-UK 7- France 8-Iran

 

[Skull and Bones]

The future looks good for both nation.

May we prosper together.

 

[ito]

No it won't. It wasn't one before sanctions, it wont be one after sanctions.

If Iran can do well when there are sanctions are in place, I don't see why it cannot be the pre-eminent power in middle east after the sanctions are gone. It is the only Islamic country that has invested heavily in science and is modern in its outlook.

 

[That Guy]

If Iran can do well when there are sanctions are in place, I don't see why it cannot be the pre-eminent power in middle east after the sanctions are gone. It is the only Islamic country that has invested heavily in science and is modern in its outlook.

It wasn't doing good during sanctions at all, what are you talking about? Also, they aren't the only Islamic country investing science.

I seriously have no idea where you're getting these ideas from.

 

[Jai_Hind]

LOL.... The pic shows Bangladesh in Indian colors... :rolf:

On topic- Economic progress of Iran is a boon for world development.... Iran is onboard the prosperity train

 

[Siavash]

Good news! That plays into the strength of Iran and India. That would be a huge plant.

 

[Aramagedon]

LOL.... The pic shows Bangladesh in Indian colors... :rolf:

LOL good point

 

[Nair saab]

Iran is as important to us as is Israel... We must increase people to people contact ... allow more Iranian's to study in India and vice versa... there are already many Iranians studying in India...

we must start Join ventures... Partnership based on equality ...

 

[[Bregs]]

This is a very smart move by NALCO to set up plant in Iran itself, another major milestone in ever expanding India-Iran economic ties

 

[chhota bheem]

to all the people with an evil eyes on India-Iran cooperation.
"Buray nazar walay thera muuh kala".

Iran will take its rightfull place in the world.

 

[Echo_419]

Tehran, Aug 9, IRNA - Iranian and Indian officials will meet next week to discuss plans to construct an aluminum smelter and a captive power plant in Iran in a project worth about $2.6 billion.

India pushes for $2.6b Iran smelter

National Aluminum Co Ltd (NALCO)’s idea to set up the 1-million-ton capacity facility is driven by power shortages in India given that electricity accounts for 40 percent of smelting costs.
Tapan Kumar Chand, NALCO’s new chairman and managing director, will meet Iran’s Ambassador to India Gholamreza Ansari in New Delhi next week to take things forward, the Tehran-based English newspaper Iran Daily reported.
Chand said his company would prefer a local partner who could supply cheap electricity to fire the smelter. For feedstock in the plant, NALCO will ship alumina from the Indian state of Odisha.
The company has been planning to build the smelter since 2014 but was dragging its feet because of sanctions on Iran.
Last month’s conclusion of nuclear talks has encouraged the Indian government and companies to push for stepped-up trade with the Islamic Republic.
India’s state-owned Kudremukh Iron Ore Company Ltd (KIOCL) plans to import one million metric tons of iron ore from Gol Gohar Mining Company of Iran. The Mangalore-based company makes pellets from the imported ore and exports them to Iran.
KIOCL has already supplied 50,000 metric tons of high grade iron ore pellets to Iran and expects to sell 1-2 million tons more.
On Monday, Ambassador Ansari said Iran would welcome India’s participation in various ‘big ticket projects’ in diverse sectors.
Indian Oil Minister Dharmendra Pradhan plans to visit Tehran at the head of a delegation to win back development of a major gas field, which New Delhi lost by dawdling under US pressures.
India has signed a memorandum of understanding to develop Iran’s strategically-located Chabahar port but a commercial accord has to be inked yet in order to start the project.

Long live Iran-India relationship .

Great news long live Indo-Iranian ties

there is no "before sanction" Iran , you imbecile person .

Iran was sanctioned since 1979 .

Iran has always been an economic , diplomatic and military powerhouse in the same region that you live in while decisions made in islamabad don't effect 1 cm away from it's own borders .

We must increase people to people contact BTW our 2 great nations

 

[Skywalker]

there is no "before sanction" Iran , you imbecile person .

Iran was sanctioned since 1979 .

Iran has always been an economic , diplomatic and military powerhouse in the same region that you live in while decisions made in islamabad don't effect 1 cm away from it's own borders .

While i am happy to see iran progress with all its oil money at the same time feel sorry for theniranians living in europe and dont even think about going back to iran. Iran survived because of its oil production otherwise there was nothing to offer to western countries so as now.

your govt. surpressed sunnies and did not allow them to prosper neither economically nor socially while at the same time shia comunity in pakistan progrssed like any other sect. Even became prime ministers or president, can you say the same about iran, no wonder iranians sunnies living in west hate iran and its regime like anything. Anyways i hope progressive iran will be better for pakistan and the region.