Home » Business » NALCO to spend Rs.100 Crores in CSR activities at Koraput

NALCO to spend Rs.100 Crores in CSR activities at Koraput


Damanjodi / Bhubaneswar, 01.10.2018 :   Addressing the Unions, Associations, members of Management and Employees of NALCO, Chairman Dr. Tapan Kumar Chand unveiled a new business plan acronymed “NALCO:3-4-5”, that envisages increasing NALCO’s 3-digit profit figure to 4-digits and 4-digit turnover to 5-digits. NALCO has already achieved 4-digit figure at Rs.1342 crore in 2017-18 and is likely to achieve more than Rs.1600 crore in 2018-19. The objective is to further increase and sustain the profit at 4-digit level. Similarly, turnover of NALCO for the first time in 2018-19 will be in 5-digits. It is expected that the net turnover of NALCO during this current year will be more than Rs.12,000 crore. Under this plan, NALCO will turn into a hardcore business organisation with complete focus on business excellence. Dr Chand further said that, “With the emergence of the 4 th Industrial Revolution, Artificial Intelligence, Internet of Things, Robotics, Augmented Reality etc. would be the trend setters and NALCO is all set to lead this revolution. The new technology: Industry 4.0, will bring in substantial reduction in capital investments and Indian Industries needs to leverage it to remain globally competitive. NALCO is gearing up in full steam to meet this challenge”.

Dr. Chand, during his visit to NALCO’s Mines & Refinery Complex inaugurated the new Electrostatic Precipitator (ESP) of Boiler-2, which has incorporated the latest technology for pollution control from the power plant. He also laid the foundation stone for the HRD-DCW of Alumina Refinery which will enhance the productivity of the plant and reduce the consumption of caustic soda. It may be mentioned that during 2018-19, Alumina Refinery is all set to exceed its rated capacity in production of Alumina, which has a fairly good global market. Dr. Chand also inaugurated the state-of-the art Auditorium at Damanjodi with a seating capacity of 500.

Dr. Chand announced that in the near future, NALCO plans to spend around Rs.100 crores under its CSR arm in the areas of healthcare, literacy, infrastructure, water management and women empowerment in Koraput District.

In order to motivate performance amongst employees, CMD Dr. Chand presented Excellence Awards to forty one employees across various levels of the organisation. Dr. Chand reiterated that behind the success of any organisation lies the dedication and hard work of employees. He said that while technology and business environment are of paramount importance, the key driver of any successful enterprise lies in the motivation and competencies of its employees.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Check Also

Chairperson State Health Assurance Society Shalini Pandit reviewed the implementation of Biju Swasthya KalyanYojana at the ground level

Bhubaneswar: 22/3/23:Secretary of Health and Family Welfare and Chairperson State Health Assurance Society (SHAS) Shalini Pandit reviewed the implementation of Biju Swasthya KalyanYojana (BSKY) at the ground level and directed ...