The Business Bytes
TBB BUREAU
BHUBANESWAR, DEC 29, 2022
Lauding state-run National Aluminium Company Ltd. (NALCO) for its stellar and record-breaking performance, Union Mines Minister Pralhad Joshi on Thursday said that the aluminium major is a bright example of Atmanirbhar Bharat (self-reliant India).
Addressing the employees during his visit to NALCO Corporate office, here today, Joshi said, “Organizations like NALCO and many other mining & metal industries are indeed bright examples of ‘Atmanirbhar Bharat’.” “When organizations and industries continue to achieve significant milestones in their journey of success and set new benchmarks every time, then it gives a sense of confidence that our economy and our efforts to achieve the vision of New India is in the right direction,” the Union Minister added.
Minister Joshi praised Team NALCO and its leadership for steering the company’s production and productivity in the right direction, when the whole world was reeling under the impact of COVID-19. NALCO has always remained in the forefront in addressing the self-sufficiency of the strategic metal – Aluminium, he said.
On this occasion, Minister Joshi announced a production & performance gift of 1 per cent of the Profit Before Tax as a token of appreciation for all employees who have made the feat possible of achieving several records, beating the history of the last 42 years. For all contractual workmen, Joshi also announced a performance reward in the form of 1-month basic wages for their valued contribution.
He urged upon the Nalconians to continue their tempo, dedication and commitment with same vigor and zeal, for achieving greater heights of success in future.
It is pertinent to mention that the country’s leading manufacturer and exporter of alumina and aluminium, Navratna CPSE NALCO has recorded an all-round success in the fiscal 2021-22. NALCO recorded a net profit of Rs. 2,952 crore which is the highest ever since the inception of the company.
NALCO Chairman & Managing Director Sridhar Patra expressed gratitude on behalf of the company to the Ministry of Mines for its unstinted support while attributing the success to the dedication and hard work of the employees and cooperation received from other stakeholders.
“In four decades of excellence, NALCO has always striven to do better than the previous set benchmark, and acknowledging the efforts of our workforce by the Hon’ble Minister of Mines, just before our upcoming 43rd Foundation Day will propel us to excel further,” said Patra.
Union Mines Secretary Vivek Bharadwaj who was present on the occasion, also congratulated NALCO collective for their exceptional achievement.
Among others, Union Mines Ministry Joint Secretary Veena Kumari D, all Directors and CVO of NALCO, representatives of various Unions and associations were present during the address of Union Minister Joshi. Employees, contractual workmen of operating units located at Angul, Damanjodi and regional offices from across the country also joined this event through virtual mode.
