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02 OCTOBER 2018 AL CIRCLE

NALCO discloses new business plan to increase profit and turn the firm into a hardcore business organisation

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

NALCO CMD Dr. Tapan Kumar Chand disclosed a new business plan on Monday, October 1, 2018, to increase company’s 3-digit profit figure to 4-digits and 4-digit turnover to 5-digits.

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Under the new business plan, the company intends to put a complete focus on business excellence so as to turn into a hardcore business organisation. While the company has already achieved 4-digit figure at INR 1342 crore in 2017-18, it now aims to achieve more than Rs.1600 crore in 2018-19.

Chand said: “With the emergence of the 4th Industrial Revolution, Artificial Intelligence, Internet of Things, Robotics, Augmented Reality etc would be the trendsetters and NALCO is all set to lead this revolution. The new technology: Industry 4.0 will bring in a 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.”

Recently, Dr. Chand laid the foundation stone for the HRD-DCW of Alumina Refinery to enhance the productivity of the plant and reduce the consumption of caustic soda. During 2018-19, the alumina refinery is all set to exceed its rated capacity in the production of alumina, which has a fairly good global market.

Besides, Dr. Chand made an announcement that in the near future NALCO would spend around Rs.100 crores under its CSR arm in the areas of health care, literacy, infrastructure, water management and women empowerment in Koraput district.

In order to motivate performance amongst employees, he also presented Excellence Awards to forty-one employees across various levels of the organisation. He said that behind the success of any organisation lies the dedication and hard work of employees.


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EDITED BY : DEBANJALI SENGUPTA 2MINS READ

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