National Aluminium Company (Nalco) has launched a Research & Technology Centre at Bhubaneswar to boost research initiatives, encompassing development of novel products & alloys. Meanwhile, Nalco share price surged over 6 per cent intraday on the NSE today.
Balvinder Kumar, secretary, mines ministry stated while inaugurating NRTC - Nalco Research and Technology Centre at Gothapatana. The company has already set a niche for itself in the field of R & D in the aluminium industry of the nation. The novel Research and Technology Centre of the company would further augment its efforts to meet the R & D requirements of the future and offer immense competitive benefits.
Speaking on the occasion Tapan Kumar Chand, chairman Nalco said that Nalco R & D centre has already registered 29 patents of which 5 have been commercialized. The Nalco chief said that given the need for change to ensure sustainability, the firm has taken up various R & D initiatives. It has entered into an R & D Co-operation Agreement with Rio Tinto Alcan for development of technology which had a goal to reduce energy consumption at the smelter by about 5 per cent.
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