National Aluminium Co, in joint venture with Odisha Industrial Infrastructure Development Corp ( Idco) is planning to set up an aluminium park at Angul. A special purpose vehicle called Angul Aluminium Park Pvt Ltd (AAPPL) has been formed for developing the aluminium park. In the SPV, Idco has 50.5% equity while the balance 49.5% is held by Nalco. The aluminium park located close to the aluminium smelting facility of Nalco, will promote ancillary and downstream industries in the aluminium sector. As of October 2013, SM Consultants has been engaged to prepare the lay-out plan for the aluminium park