The National Aluminium Company Limited, NALCO has signed a MoU with Iranian Mines and Mining Industries Development and Renovation Organization to explore the possibility of setting up a smelter on joint venture in Iran. An official release said for the proposed smelter plant in Chabahar Free Trade Zone, NALCO would supply alumina from its refinery in India. <br/><br/>The MoU was signed yesterday between chairman-cum-managing director of NALCO and vice chairman of Iran's planning board in the presence of Prime Minister Narendra Modi and President of Iran Hassan Rouhani in Tehran. Among other things, the deal also proposed to look into other business collaborations as well.