Nalco signs deal with Canadian co

MUMBAI: National Aluminium Company Ltd has signed a strategic alliance agreement with Rio Tinto Alcan, a Canadian company and global supplier of bauxite, alumina and aluminum, for increasing its presence in India and abroad.

Rio Tinto's business in exploring, mining and processing mineral resources.

Major products are aluminum, copper, diamonds, energy, gold, industrial minerals and iron ore. Activities span the world but are strongly represented in Australia and North America with significant business in South America, Asia, Europe and Southern Africa.

The company shares were down 6.81 per cent to Rs 182.70 on BSE.