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Global Indian Business Leader Award’ for NALCO CMD Dr. T.K.Chand

Bhubaneswar, 18.06.19: The recently-released exceptional results of National Aluminium Company Ltd (NALCO) and its business performance over the last 04 years have come in for praise from all quarters, with CMD Dr. Tapan Kumar Chand being awarded the ‘Global Indian Business Leader’ for outstanding professional achievements and inspiring social contributions. On behalf of Dr. Chand, the award was received by Shri Asutosh Rath, DGM (Corporate Communication), NALCO.

Organised by Indian Achievers’ Forum, this award comes on the back of Dalal Street Journal, India’s top rated equity investment magazine, rating NALCO as the fastest growing & high growth PSU in last 5years and Dr. Chand receiving the Roll of Honour for leading the company in growth path & achieving global benchmark of lowest cost producer of Bauxite & Alumina in the world.

Under the stellar leadership of Dr. Chand since taking over as the CMD in July 2015, NALCO has been consistently delivering across all parameters of production, productivity and profitability in the last 4 years, with the Company registering its best performance in a decade by clocking a whopping Rs.1,732 crore net profit in 2018-19.

NALCO has recorded all-round success and global benchmarks in 2018-19. Along with significant achievements on production front, NALCO achieved the distinction of becoming the lowest cost producer of alumina in the World, as per the Wood Mackenzie report, for three consecutive years. Going a step further, the company has also been ranked as the Lowest-cost Producer of Bauxite in the World for the year 2018-19. In matters of profitability, NALCO is way ahead of its private sector peers by registering EBIDTA Margin of 28%. Industry analysts attribute NALCO’s splendid performance to the implementation of its New Business Model since 2016.

About Ashok Palit

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.

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