National Aluminium Company

Last updated

National Aluminium Company Limited
Company type Public
NSE:  NATIONALUM
BSE:  532234
Industry Mining
Power
Headquarters,
India
Key people
Sridhar Patra
(Chairman & MD)
Products Bauxite
Aluminium
Alumina Hydrate
RevenueIncrease2.svg14,170 crore (US$1.8 billion) (FY22) [1]
Increase2.svg3,677.12 crore (US$460 million) (FY22) [1]
Increase2.svg2,955.95 crore (US$370 million) (FY22) [1]
Total assets Decrease2.svg14,549.62 crore (US$1.8 billion) (2020) [1]
Total equity Decrease2.svg9,988.07 crore (US$1.3 billion) (2020) [1]
Owner Government of India (51.50%) [2]
Number of employees
6,496 (April 2019) [3]
Website nalcoindia.com

National Aluminium Company Limited (abbreviated as NALCO; incorporated in 1981) is an Indian public sector company having integrated and diversified operations in mining, metal and power. Presently, the Government of India holds a 51.28% equity stake in NALCO, [2] while the Ministry of Mines has administrative control over the company.

Contents

It is one of the largest integrated bauxite–alumina–aluminium–power complex in the country, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.

The company is the lowest-cost producer of metallurgical grade alumina in the world and lowest-cost producer of bauxite in the world as per a Wood McKenzie report. With sustained quality products, the company's export earnings accounted for about 42% of the sales turnover in the year 2018–19 and the company is rated as third-highest net export earning CPSE as per a Public Enterprise Survey report.

The company is harnessing renewable energy aligning to the ambitious programmes of the Indian government. The company has already commissioned 198 MW wind power plants and further 50 MW wind power plants are in pipeline, making it the highest producer of renewable energy among PSUs.

Operations

NALCO is headquartered at Bhubaneswar, Odisha.

NALCO operates from two major Units

Products

Main products of NALCO are as follows:

Aluminium Metal

Alumina & Hydrate

Rolled Product

Power

Employees

As of June 2019, there were 6496 employees on the company's roll.

Expansions

Research & Development

Right to Information Act

Since NALCO is a public authority, it comes under the Right to Information Act. Thus, NALCO is required to provide information to various RTI queries asked by general public. [4] [5]

See also

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References

  1. 1 2 3 4 5 "Balance Sheet 31.03.2020".
  2. 1 2 "Latest Shareholding Pattern – National Aluminium Company Ltd". trendlyne.com. Retrieved 7 August 2020.
  3. https://nalcoindia.com/wp-content/uploads/2019/08/Annual-Report_38th-AGM.pdf [ bare URL PDF ]
  4. "No information on corruption in Nalco: RTI reply". 5 November 2013. Retrieved 5 November 2013.
  5. "Information Philosophy in NALCO" . Retrieved 5 November 2013. Archived 23 March 2019 at the Wayback Machine