National Aluminium Company Limited (NALCO), a ‘Navratna’ company under the Schedule ‘A’ category of CPSE’s, was founded on 7th January, 1981 with its registered office in Bhubaneswar. It is one of the country’s largest bauxite, alumina, aluminium and power complex. Currently, the Indian government owns 51.28% of NALCO’s equity capital. The Company has been operating its captive Panchpatmali Bauxite Mines for the pit head Alumina refinery at Damanjodi, in the District of Koraput in Odisha and Aluminium Smelter & Captive Power Plant at Angul.
The Company has a 68.25 lakh TPA Bauxite Mine & 21.00 lakh TPA (normative capacity) Alumina Refinery located at Damanjodi in Koraput district of Odisha, and 4.60 lakh TPA Aluminium Smelter & 1200MW Captive Power Plant located at Angul, Odisha.
The Company has regional sales offices in Delhi, Kolkata, Mumbai, Chennai and 7 operating stockyards at various locations in the Country to facilitate domestic consumers. In addition, NALCO has its own bulk shipment facility for export of products.
As a part of green initiative, NALCO has installed 198 MW Wind Power Plants at various locations in India and 850 kWp roof top Solar Power Plants at its premises to join hands for carbon neutrality. From the days of first commercial operation in 1987, the Company has continuously earned profits for last 37 years. NALCO is one of the leading foreign exchange earning CPSEs of the Country. The Company continues to retain its position of lowest cost producer in Bauxite and Alumina production in the World.
NALCO posted a net profit at Rs 2,060 crore in FY 2023-24, registering a robust increase of 33% year-on-year (YoY). The Company recorded stellar performance in production front in FY 2023.-24. Panchpatmali Mines of NALCO achieved highest ever annual Bauxite excavation & Bauxite transportation since inception in FY 2023-24. Smelter Plant of the Company achieved highest ever cast metal production in FY 2023-24.
NALCO is the first Public Sector Company in the Country to venture into international metal market in a big way with London Metal Exchange (LME) registration since May’89. The Company is listed at Bombay Stock Exchange (BSE) since 1992 and at National Stock Exchange (NSE) since 1999. It boasts of multiple ISO certifications, including ISO 9001, ISO 14001, ISO 45001, ISO 50001, and SA 8000. The Data Centre at NALCO’s Corporate Office and the Disaster Recovery Site at the Alumina Refinery have been awarded the ISO 27001:2013 Certification for Information Security Management System, accredited by International Accreditation Services, USA.
To face the challenges of ever-evolving market and position the Company in a sustainable growth path, a corporate plan has been developed with well-defined 3 year action plan, 7 year strategy & 15 years vision “ To be a Premier and Integrated Company in the Aluminium value chain with strategic presence in Mining both domestic & global, Metals and Energy sectors”. The Corporate Plan has chalked out a roadmap for multifold growth in revenue and Profit by 2032.
Driven by its corporate plan, the Company is having well carved plans for expansion programs. Presently, the Company is working in major projects like:
- 5th stream Alumina Refinery, which will enhance the Refinery capacity from 2.1 million tonne to 3.1 million tonne.
- To support the Alumina Refinery and raw material security, the Company is developing Pottangi bauxite Mines and for which mining leases deed already signed; the mines is expected to be opened shortly.
- Utkal D & E Coal Mines: Mining activities already started. It is adding to the bottom line by reduction in coal procurement cost. For Utkal-E, all clearances are in advance stage.
As part of backward integration, the Company has established a caustic soda plant in JV with Gujarat Alkalies & Chemicals Limited (GACL) in Gujarat. Production already started since 2022.
NALCO is a leading name in the industrial map of Eastern India. True to the spirit, the Company is taking the lead to bring in a significant change in the Industrial map of Odisha. The Company has formed JV Company named ‘Angul Aluminium Park Private Ltd’ (AAPPL) with Odisha Industrial Infrastructure Development Corporation (IDCO) to give a boost to ancillary, upstream & downstream products related to aluminium industry.
To acquire strategic mineral assets in overseas location and making supply in India, NALCO formed a JV Company named Khanij Bidesh India Limited (KABIL) with HCL and MECL. KABIL and CAMYEN, Argentina have signed the exploration and development agreement in Jan’2024 for exploration and development of lithium projects in Argentina.
The Company, while climbing the ladder of success has strived hard to play a significant role in the socio-economic development in its operational areas through empathetic CSR activities. Rehabilitation of displaced families, employment, income generation, health care and sanitation of local people, education & skill development, providing safe drinking water, development of infrastructure, pollution control, environmental measures, rural development, promotion of arts, crafts & culture and various humanitarian good will missions have earned NALCO a place of pride in the corporate world.
With encompassing initiatives to provide a better living to the periphery areas and contribute to nation building, the Company has taken many ambitious projects. Its notable efforts include Indradhanush scheme, where the Company has already sponsored more than one thousand tribal children of Maoist infested Damanjodi sector and provided education to them in 3 reputed residential schools. Under ‘Nalco ki Ladli’ scheme, in line with Govt’s ‘Beti Bachao, Beti Padhao’ Mission, Meritorious girl students of BPL families at Angul and Damanjodi sector have been adopted with financial support by the Company. Recognizing the healthcare needs as one of the critical need, NALCO is operating 8 MHUs (Mobile Health Units) and one OPD in peripheral villages of its plants by which more than lakh patients treated every year.
Responding to the call of Govt of India, NALCO actively participated in Swachh Bharat Abhiyan by constructing toilets in various districts of its operating areas and has also made 11 periphery villages Open Defecation Free (ODF) in Damanjodi and Angul sector.
NALCO has taken the responsibility of Shri Jagannath Temple, Puri & its surrounding under PM’s Iconic Shrine Development Programme to upgrade the infrastructure & maintain cleanliness.
The Company has given special emphasis on Renovation and beautification of Gandhi Park as a tourist spot, temple illumination, beautification of Puri town with thematic painting based on Jagannatha culture, operation of Battery-Operated Vehicle from Jagannath Ballav Math to Shree Jagannath Temple and Railway Station for differently-abled passengers, senior citizens and sick people, RO based water posts at different locations in side Puri Town.
The company since inception has marched ahead with sustainable growth, perpetual profits while exhibiting deep empathetic concern for the society. Etched in the hearts of millions of people of Odisha as modern industrial “Konark”, the company has been able to create a special place for itself for the people it works with. Enhancing the stakeholders’ wealth has remained the prime mover to steam Company’s growth but nonetheless the driving spirit remains to bring smiles in the face of multitude of its stakeholders.
