GMDC, NALCO drop Rs 5,400 cr alumina refinery project in Kutch

The project is being dropped after a detailed project report said it is not viable

After years of negotiations and feasibility studies, state-owned Gujarat Mineral Development Corporation Ltd (GMDC) and central public sector undertaking (PSU) National Aluminium Company Limited (NALCO) have decided to drop the Rs 5,400 crore alumina refinery.

In its 54th annual report for the year 2016-17, GMDC stated that citing nonviability of the project, NALCO has asked the state PSU to drop the project. A joint venture between GMDC and NALCO with the former having a 26 per cent stake, the alumina refinery was supposed to come up as part of the Rs 15,000 crore aluminium park in Kutch being set up