NALCO in talks to invest in Indonesia

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NALCO in talks to invest in Indonesia

State-run National Aluminium Co Ltd (NALCO) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at an investment agency here said on Thursday.

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State-run National Aluminium Co Ltd ( NALCO ) is in talks to invest in an aluminium smelter in Indonesia's Kalimantan province, an official at an investment agency here said on Thursday.

Indian firms are also interested in investing in geothermal power, railways and cement production in Southeast Asia's biggest economy, the official said, declining to give names of companies or potential investment figures.

Foreign direct investment (FDI) in Indonesia surged 21% in the second quarter of 2011 from a year ago, as strong commodity prices attracted investors into the mining sector, the agency said earlier on Thursday.