12 May 2016 Current Affairs: National Aluminium Company (Nalco) has signed an memorandum of understanding (MoU) with Bhabha Atomic Research Centre (BARC), Mumbai, for Research and Development (R&D) in fields of mutual interest. The MoU was signed on 10 May 2016.
Highlights : The R&D projects like, extraction of Gallium from Bayer liquor, extraction of rare earth elements from Red Mud and development of reference standards would be taken up within the framework of the MoU. Extraction of Gallium from Bayer Liquor will be NALCO's first R&D project with BARC with an objective to develop indigenous technology for this strategic metal, in national interest .
The MoU was signed by B K Satpathy, executive director (Business Development), Nalco and Dr. Jagtap, Director (Chemistry Group), BARC in presence of Nalco chairman Dr. Chand, Director (P&T) N R Mohanty and Principal Scientific Advisor to Government of India and Chairman of the Scientific Advisory Committee to the Cabinet, Dr. Rajagopala Chidambaram.