National Aluminium Company Ltd. (NALCO) was set up to exploit Bauxite reserves at Panchpatmali mines in the state of Odisha for production of Alumina and Aluminium. The Governments decision to set up NALCO was a turning point in the history of Indian Aluminium Industry. It paved the way for the country to be self sufficient in aluminium metal and also brought a technological edge in producing this strategic metal as per the world standards. Incorporated in 1981 as a Public Sector Enterprise, NALCO is a Schedule-A Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Mines with 87.15% sharholding by the Government of India. With consistent track record in capacity utilization, technology absorption, quality assurance, export performance and profitability, NALCO is a bright example of Indias industrial capability. The Company is an integrated and diversified mining, metal and power producer with annual sales of `5,311 crore in FY2009-10. The manufacturing units of the Company are located at Damanjodi and Angul in the state of Odisha. It has bulk shipment facilities at Visakhapatnam port in Andhra Pradesh.
Earnings from alumina and aluminium export account for approximately 40% of its turnover. Presently the Company has business dealings with more than 30 countries in the world. NALCO is the first Company in India in the aluminium sector to be registered with LME in May 1989. The Companys equity shares are listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The Company has to its credit ISO 9001:2000 quality certification, ISO 14001 and OHSAS 18001 environment management certifications. The Company has also adopted SA 8000 international standards for Corporate Social Accountability. NALCO enjoys the status of a Premier Trading House and has been conferred Navratna status by the Government of India.
- NALCO Awards