India's largest engineering company has signed a 150-billion-rupee (3.4-billion-dollar) deal with a Dubai-based firm to build an aluminium plant in the eastern Indian state of Orissa.
Dubai Aluminium would have a 74 percent state in the joint venture, while India's Larsen and Toubro would hold 24 percent.
The plant will be an integrated aluminium complex equipped with a three-million-tonne refinery, a smelter and mining facilities in the state's Rayagada district, the Press Trust of India quoted Larsen and Toubro managing director A.M. Naik as saying.
He said the bauxite for the refinery would be sourced from two mines that are estimated to contain a total of 250 to 300 million tonnes of the mineral.
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