Nalco to augment production to beat margin erosion, says CMD Dr. Chand

16/04/2016

Bhubaneswar, 16/04/2016: National Aluminium Company Limited (Nalco) broke the previous production records by producing 63.40 lakh tonnes of bauxite and 19.53 lakh tonnes of alumina at its Mines and Refinery, during the 2015-16 fiscal. To celebrate this excellent achievement, Dr. Tapan Kumar Chand, CMD, Nalco, visited Damanjodi and felicitated 30 outstanding achievers of both the units, ranging from Operators to Assistant General Managers with CMD Excellence Awards.

“Excellence is a journey, never a destination. Now, the journey of Nalco has begun, which would make the company a truly global player in mining, metal and energy sectors. With concerted efforts, in 2016-17, we shall achieve the target of producing 68.25 lakh tonnes of bauxite, an increase of 7.1% and 21.50 lakh tonnes of alumina, an increase of 9.2% as compared to last fiscal,” said Dr. Chand in his address. Describing 2015-16 as the seminal year, he further said that there would be a major turnaround in the business plan of the company to meet the turbulent business environment. Hitherto Nalco was regulating its production to tide over the crisis, but now the company is braving it out by augmenting production to beat margin erosion, he added.

During the 2-day tour, Dr. Chand attended a series of meetings and programmes, interacting with representatives of workers’ unions, officers’ associations, school authorities, socio-cultural bodies, industrial security forces, as well as people from periphery villages and top officials of district administration. All of them pledged unanimous support to make the current fiscal a major milestone in the journey of excellence.