National Aluminium Company (Nalco) has inked a MoU with Hindustan Copper and Mineral Exploration Corporation at Bhubaneswar on September 18, 2017, to explore the possibility of forming a Joint Venture Company (JVC).

The MoU is to indentify, explore, acquire, develop, process, primarily strategic minerals overseas and sale of these materials in India and any other countries for commercial use.

The MoU also envisage supplying these strategic minerals to India to meet the domestic requirement due to its non-availability in the country and giving a big push to 'Make in India'. 

Shares of the company gained Rs 0.15, or 0.18%, to trade at Rs 82.30. The total volume of shares traded was 138,757 at the BSE (9.57 a.m., Tuesday).