National aluminium company limited
Published on: Mar 3, 2016
Transcripts - National aluminium company limited
NATIONAL ALUMINIUM COMPANY LIMITED (A Govt. of India Enterprise)By Sagar choudhury
ABOUT NALCO The company traces its origins to1928 in the United States with theestablishment of National AluminateCorporation - formed from the merger ofChicago Chemical Company and theAluminum Sales Corporation. In 1959 it changed its name to NalcoChemical Company.
CONTD…. It incorporated in 1981, as a public sectorenterprise of the Government of India NationalAluminium Company Limited (Nalco) is Asiaslargest integrated aluminium complex. Commissioned during 1985-87, Nalco hasemerged to be a star performer in production,export of alumina and aluminium, and moresignificantly, in propelling a self-sustainedgrowth.
Vision : To be reputed global Company in the Metals and Energy Sectors.Mission : To continuously develop human resources create safe working conditions improve productivity and quality and reduce cost and waste.
CONTD…. To be a good corporate citizen,protecting and enhancing the environment as well as discharging social responsibility in order to ensure sustainable growth. To intensify R&D for technology development. To satisfy the customer & Share holder , employees & all other stake holder
List of the Board of Director Shri Ansuman Das CHAIRMAN-CUM-MANAGING DIRECTOR & DIRECTOR (COMMERCIAL)Ms. Gauri Kumar,IAS Shri Arun Kumar,IASPART-TIME OFFICIAL PART-TIME OFFICIAL DIRECTOR DIRECTOR
National Aluminium Company Limited(Nalco), a Navratna PSU of Govt of India,allocates 2% of its net profit for CSRinitiatives. During the last couple of years, thecompany has allocated Rs.37.67 crore, while for 2012-13, the CSR budget isRs.16.99 crore, excluding specialallocations.
B.N. Mohanty, ED(M&R), in As in previous years, Nalco supplied fivethe presence of Shri S.R. lakh water pouchesNayak, GM(SPP). School (ISI marked) for distribution during Rath Yatra of Lordchildren also participated in Jagannath at Puri. Trucks loaded withthe mass plantation pouches were handed over to the Collector of Puri
Contd …. A blood donation camp was organized by Nalco in association with Rotary Club of Temple City, at Mahanadi Nivas Auditorium, Bhubaneswar on July 22. The 1st unit of blood was donated by Shri B.L. Bagra, the then CMD.
Contd …. From the very beginning, the company set up four schools – two Odia and two English medium – in Damanjodi and Angul townships of Odisha, where its mines and plants are located. Besides children of Nalco employees, other children also avail the benefit of quality education in these schools
Though Nalco is one of the public limited companyunder Ministry of Mines, Government of India But Today, it is Asias largest, and one of the worldsleading and the Sixth largest,integratedaluminum complex,encompassing bauxitemining, alumina refining, aluminum smelting and casting, powergeneration, rail and port operations. It boasts of some of the worlds latest and finesttechnology in the Aluminum manufacturing industry. In the 2009-10 Nalco was able to achieve the sale& profit after tax figure of 5050 crore & 814 crore.
CONTD …. In the 2010-11 financial year Nalco was able to achieve the Sales and Profit Figure of 5959 crore & 459 crore . Now Nalco is planning to invest around 40,000 cores of Indian rupees in the next five years starting 2008. The investments will be made in alumina smelters and power projects in Indonesia, South Africa, Iran and within India . National Aluminum Company Ltd (Nalco) plans to hike its stake in the nuclear power joint venture with Nuclear Power Corporation of India (NPCIL). Nalcos current stake in the firm is 26% and its is expected to be 49%.