National Aluminium Company
|Public sector undertakings|
|Traded as||NSE: NATIONALUM|
|Industry||Mining, Metals, Thermal power station|
|Dr.T.K.Chand, Chairman and managing director|
|Products||Aluminium, Alumina & Hydrate and Zeolite-A|
|₹21.13 billion (US$290 million) (FY2014-15)|
|Total assets||₹161 billion (US$2.2 billion)|
|Owner||Government of India|
Number of employees
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.
It is Asia's largest, and the sixth largest, integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
Commissioned during 1985–87, NALCO produced and exported alumina and aluminium.
The main units of NALCO are at Damanjodi (Mines & Refinery complex) and Nalconagar, Angul (Smelter & Power Plant Complex). The Bauxite mines called "Panchpatmalli Mines" is situated atop a set of five mountains called Panchpatmalli. These mines are open cast mines. The refinery complex for producing bauxite is located in Damanjodi. The smelter unit of NALCO is located in Nalconagar, Angul. The company's headquarters are located in Bhubaneswar, which is the capital of the Indian state of Odisha.
It is expanding by currently employing new projects. The ongoing second phase of expansion is set to make it the sixth largest producer of the metal in the world. The recent disinvestment issues, for the alumina giant, finally settled down after the central government decided not to disinvest profit making PSUs which meant that NALCO would not be privatised and continue to be a complete Govt of India Enterprise PSU.
The Company received Indira Priyadarshini Vrikshamitra Award from Govt. of India for its contribution in the field of afforestation and wasteland development. The 1200 MW Captive Thermal Power Plant of the Company also received the prestigious Indira Gandhi Paryavaran Puraskar for the year 2000 from Govt. of India for its outstanding contributions in the field of environment management. The Company and its Units have received various National, State and Institutional awards for excellence in Safety & Environment Management.
Nalco received ISO 9001:2000 awards and OHSAS 140001 for its excellence in production technology & occupational health & safety systems respectively.
NALCO is headquartered at Bhubaneswar, Odisha.
NALCO operates from two major Units
- Mining and Refinery (M&R) complex
- Smelter and Power (S&P) complex
Other operations are :
- Port Facilities at Visakhapatnam and Paradip.
- Solar Power at Bhubaneswar.
- Wind Power Plants at Gandikota, Jaisalmer.
- Regional offices at Kolkata, Mumbai, Delhi, Chennai
Main products of NALCO are as follows
- Alloy Ingots
- Wire Rods
- Cast strips
Alumina & Hydrate
- Calcined Alumina
- Alumina Hydrate
- Aluminium Rolled Products
- Aluminium Chequered Sheets
- Thermal Power
- Co-generation Power
- Wind Power
- Solar Power
As on 31 March 2015, out of 7,320 employees (including Trainees) on the Company's roll, there were 1,194(16.31%) SCs, 1,324(18.09%) STs, 789 (10.78%) OBCs and 84 (1.15%) PWDs. The total number of female employees in the organisation stands at 355.
Tapan Kumar Chand, Chairman cum managing director of NALCO said ""Investment to the tune of Rs 650 billion is proposed to be made for a number of projects, including a greenfield aluminium smelter abroad." The company is exploring countries like Oman, Iran and Indonesia to set up the proposed smelter plant with an estimated investment of Rs 200 billion, he told reporters adding the location would be finalised after examining factors like availability of low cost power and infrastructure.
NALCO is planning to invest around 400 billion 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 Aluminium Company Ltd (Nalco) plans to hike its stake in the nuclear power joint venture with Nuclear Power Corporation of India (NPCIL). Nalco's current stake in the firm is 26% and it is expected to be 49%.
NALCO launched a joint venture with Gujarat Alkalies and Chemicals Limited (GACL) to set up a caustic soda plant at an investment of Rs 18 billion. The new JV company GACL-NALCO Alkalies & Chemicals Private Limited, in which NALCO holds 40 per cent share capital, while GACL holds the rest, plans to produce 270,000 tonnes of caustic soda per annum.
- First Mines Safety Award-1988 by DGMS
- Best Eco-friendly Factory Award 1994–95 to the Mines and Refinery Complex by Odissa State Factory Inspectorate
- State Award-1995 to Captive Power Plant from state Factory inspectorate for Environment Management
- Indira Priyadarshini Vrikshamitra Award-1994 from MOEF, Govt. of India, for afforestation and wasteland development
- FICCI Environment Award for Environment Conservation and Pollution Control- 1996–97
- WEC-IIEE-IAEWP Environment award −1997 for contributing towards environment protection
- Gem Granite Environment Award for −1997-98 by FIMI, New Delhi for Mines
- Shri Sita Ram Rungta Memorial Social Awareness Award-1997-98 by FIMI, New Delhi
- Pollution Control Excellence Award – 1998 by Odisha State Pollution Control Board for Mines
- Special Commendation under Golden Peacock Environment Management Award 1998 Scheme by World Environment Foundation
- State Award for Best Occupational Health Centre to S&P Complex'-1998
- Best Safety Performance Award to CPP by CII (ER)- 1999–2000
- The prestigious Dun & Bradstreet's Best PSU Award – 2012 in Non-Ferrous Metal Category.
- Outstanding CSR Practices in Community Development – Odisha CSR Summit 2016
NALCO has instituted several annual awards . These are
- NALCO Smiles Award
- NALCO Kharavela Awards
- NALCO Kalidas Awards
- NALCO Technology Excellence Award
Right to Information Act
Various chairman and Managing Directors (CMD) have faced allegations involving impropriety and corruption. In February 2011, the then CMD A K Srivastava was suspended after he was arrested by the CBI for accepting a bribe. His successor, B L Bagra was removed after he was being investigated by CVC.
- "NALCO Annual Report 2014-15" (PDF). nalcoindia.com. Retrieved 31 March 2016.
- "NALCO-products". nalcoindia.com. Retrieved 13 April 2016.
- Expansion plan
- "Archived copy". Archived from the original on 8 December 2011. Retrieved 28 July 2011.CS1 maint: Archived copy as title (link)
- "Nalco plans to hike stake in nuclear power venture". 9 June 2012.
- "NALCO commissions 47.6 MW Wind Power Plant in Jaisalmer Rajasthan". IANS. Biharprabha News. Retrieved 1 February 2014.
- "NALCO launches JV with Gujarat Alkalies". TheHindu. Retrieved 13 April 2016.
- "Nalco gets D&B best PSU award". 2 June 2012.
- "No information on corruption in Nalco: RTI reply". 5 November 2013. Retrieved 5 November 2013.
- "Information Philosophy in NALCO". Retrieved 5 November 2013.
- "Government begins hunt for Nalco chairman and managing director". 19 January 2013. Retrieved 5 November 2013.
- "Top job under fire at Nalco". 31 August 2012. Archived from the original on 5 November 2013. Retrieved 5 November 2013.