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National Aluminium Company Limited, abbreviated as NALCO, (incorporated 1981) has units in Odisha at places like Angul and Damanjodi. It was incorporated as a public sector enterprise of the Ministry of Mines, Government of India in 1981.
National Aluminium Company Limited (NALCO) is a Navratna CPSE beneath Ministry of Mines. It changed into hooked up on 7th January, 1981, with its registered office at Bhubaneswar. The Company is a group ‘A’ CPSE, having integrated and diverse operations in mining, metallic and power. The Company registered a file net-profit of Rs 1732 crore in 2018-19, that is the highest in a decade and sales turnover of Rs 11386 crore in financial 12 months 2018-19, that’s the highest since inception. The export earning have been recorded at four,793 crore, additionally registering an impressive boom of 18 consistent with cent over 2017-18. In matters of profitability, NALCO is ahead of its personal region friends by registering EBIDTA margin of 28 in step with cent. Presently, Government of India holds fifty one.5% fairness of NALCO.
NALCO is one in every of the biggest included Bauxite-Alumina-Aluminium- Power Complex inside the Country. The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery placed at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant placed at Angul, Odisha. NALCO has bulk shipment facilities at Vizag port for export of Alumina/Aluminium and import of caustic soda and also makes use of the centers at Kolkata and Paradeep Ports. The Company has registered income workplaces in Delhi, Kolkata, Mumbai, Chennai and Bangalore and nine working stockyards at numerous locations inside the Country to facilitate domestic advertising.
Globally, NALCO has achieved the distinction of being the ‘lowest cost producer of bauxite’ inside the world for the yr 2018 as consistent with the present day record of Wood Mackenzie. This fulfillment provides to the truth that the company has maintained its popularity as the lowest fee manufacturer of alumina globally since the final three years. With sustained quality products, the Company’s export earnings accounted for about forty three% of the sales turnover inside the yr 2017-18 and the Company was rated third maximum internet export earning CPSE in 2017-18 as in step with Public Enterprise Survey document.
With its steady song record in ability utilization, generation absorption, great guarantee, export overall performance and posting profits, NALCO is a brilliant example of India’s business capability.
NALCO is the primary Public Sector Company in the united states of america to mission into global marketplace in a large way with London Metal Exchange (LME) registration seeing that May, 1989. The Company is indexed at Bombay Stock Exchange (BSE) seeing that 1992 and National Stock Exchange (NSE) given that 1999. Besides, ISO 9001, ISO 14001, OHSAS 18000 & SA 8000 certifications, the Company has additionally followed ISO 50001 standards for Energy Management System.
To face the demanding situations of ever-evolving market and role the Company in a sustainable boom path, a new company plan has been advanced with properly-defined 3 yr action plan, 7 12 months method & 15 years imaginative and prescient of being a Premier and Integrated Company inside the Aluminium price chain with strategic presence in Mining both domestic & worldwide, Metals and Energy sectors. The Corporate Plan has chalked out a roadmap for multifold increase in sales and Profit via 2032.
As a responsive Corporate, the Company is harnessing renewable energy aligning to the bold programmes of Govt. Of India. The Company has already commissioned 198 MW wind electricity plants and in addition 25 MW wind energy flora are in pipeline, making it the highest manufacturer of renewable power amongst PSUs.
To be extra resilient to the vagaries of marketplace, the Company has prepared a New All-Weather Business Model. It has significant plans for brownfield and greenfield growth tasks, which include the continued fifth Stream Refinery undertaking of 1 MTPA capability in present Alumina Refinery at Damanjodi (Brownfield), development of Pottangi bauxite mines, Utkal D&E coal mines in Odisha, status quo 5 lakh TPA brownfield Smelters in Odisha.
As part of backward integration, the Company is setting up a caustic soda plant in JV with Gujarat Alkalies & Chemicals Limited (GACL) in Gujarat and a CT Pitch plant in JV with NINL in Odisha.
NALCO is a leading name within the industrial map of Eastern India. True to the spirit, the Company is taking the lead to convey in a tremendous change inside the Industrial map of Odisha. The Company has shaped JV Company named ‘Angul Aluminium Park Private Ltd’ (AAPPL) with Odisha Industrial Infrastructure Development Corporation (IDCO) to present a lift to ancillary, upstream & downstream products associated with aluminium industry.
The Company pursues its R&D activities fervently and has already filed 36 patents out of which 17 patents have been granted and six were commercialized till May 2019. As a part of its effort to convert waste to wealth, the Company is endeavoring to salvage iron concentrate from crimson dust, Gallium from spent liquor. The Company has also successfully commissioned a primary of its kind de-fluoridation manner based on nano-era to de- contaminate the effluent water of Smelter solving a long status fluoride infection hassle of the vicinity.
The Company, even as mountain climbing the ladder of achievement has strived difficult to play a giant function within the socio-economic development in its operational regions thru empathetic CSR sports. Rehabilitation of displaced households, employment, earnings technology, fitness care and sanitation of neighborhood humans, education & ability development, offering secure ingesting water, improvement of infrastructure, pollutants manipulate, environmental measures, rural development, promoting of arts, crafts & way of life and numerous humanitarian properly will missions have earned NALCO an area of satisfaction within the company international and became provided the SCOPE Meritorious Award for CSR from Hon’ble President of India in Apr’17.
The Company is one of the 1st CPSEs to have a CSR Policy for the reason that inception and is compliant to the norms of Companies Act. It has spent Rs. 355 crore toward CSR sports until 2018-2019. For powerful implementation of CSR activities, NALCO has set up a standalone Foundation in 2010.
With encompassing initiatives to offer a higher residing to the outer edge regions and contribute to nation building the Company has taken many formidable projects. Its high-quality efforts include Indradhanush scheme, in which the Company has subsidized 920 tribal kids of Maoist infested Damanjodi area and furnished schooling to them in three reputed residential faculties. 416 meritorious lady college students of BPL families at Angul and Damanjodi sector have been adopted with financial support by means of the Company below ‘Nalco ki Ladli’ scheme in step with Govt’s ‘Beti Bachao, Beti Padhao’ Mission.
Recognizing the healthcare wishes as one of the important want, NALCO is working 8 MHUs (Mobile Health Units) in peripheral villages of its plants via which more than one lakh patients are dealt with freely each year. Going a step in advance, the Company is also putting a secondary modern-day eye care clinic at Angul and a Night Shelter in AIIMS, Bhubaneswar for attendants of indoor and OPD patients availing long term remedy.
Responding to the call of Govt of India, NALCO actively participated in Swachh Bharat Abhiyan by constructing 479 lavatories in various districts of its operating areas and has additionally taken up a noble initiative to make eleven outer edge villages absolutely Open Defecation Free (ODF) in Damanjodi and Angul sector.
The Company has taken the responsibility of Shri Jagannath Temple, Puri & its surrounding beneath PM’s Iconic Shrine Development Programme to improve the infrastructure & hold cleanliness with unique emphasis on Renovation and beautification of Gandhi Park as a visitor spot, temple illumination, beautification of Puri city with thematic painting based totally on Jagannatha way of life and battery-operated automobile in railway station for in a different way-abled passengers and sick humans.
The Company’s penchant to prop up the renowned background, artwork and subculture of the State has drawn huge acclamation especially with patronization of residing cultural and sports legends by the Company.
With call for for skilled manpower set to grow multi fold inside the Country, the Company is doing its component by means of putting in place a centre of excellence for Mining quarter at an funding of Rs 20 crore and also supplying talent education to unemployed youths in affiliation with schooling companions in numerous call for regions like retail, healthcare, beautician, stitching gadget operator and so forth.
The agency considering inception has marched in advance with sustainable growth, perpetual profits whilst showing deep empathetic problem for the society. Etched within the hearts of hundreds of thousands of human beings of Odisha as modern business “Konark”, the organisation has been capable of create a special vicinity for itself for the people it works with. Enhancing the stakeholders wealth has remained the high mover to steam Company’s growth but although the riding spirit remains to bring smiles in the face of multitude of its stakeholders.