The company’s partner in the project, Nalco, has said that the development of an aluminium smelter would only be feasible if GMDC managed to secure a power contract at a rate of Rs2.2 per unit. If not, there would be no smelter, according to an anonymous Nalco executive speaking to India’s Business Standard.
Nalco came on board as GMDC’s partner in November 2011 and, says Business Standard, the project has moved at a snail’s pace ever since.
