At least six companies including Engineers India (EIL), Mecon and M N Dastur & Company are in race to prepare the DPR for NALCO's $3.9 billion (approx Rs 17,300 crore) Indonesia project.

NALCO is likely to finalise the bidder by end-May 2010. The successful bidder is to submit the DPR in about next 6-8 months.

NALCO is planning to begin construction work for its integrated project in Indonesia within a year and is likely to complete the facility by 2015. It has received clearance from the Indonesia Government to set up a five lakh tonne smelter and an integrated 1,250 MW power plant in the country. The company will import required alumina to run the smelter from its India operations.

Earlier, M N Dastur had conducted a feasibility study for NALCO's project which is likely to be undertaken in JV with RAK Minerals & Metals. Nalco is expected to hold up to 74 per cent stake in the venture. RAK Minerals will be responsible for building port and rail infrastructure for the project.

Also See:

NALCO plans wind energy project (19-April-10)