Nalco Foundation for a noble cause

Nalco Foundation, the CSR arm of National Aluminium Company Limited is playing its part of Corporate Social Responsibility in Odisha. The company has signed MoUs with Kalinga Institute of Social Sciences (KISS), Koraput Development Foundation (KDF) and Bikash Vidyalaya, for full sponsoring education of children from the Periphery villages of Damanjodi in Koraput from this academic year, covering their expenses on school fee, lodging, boarding and other expenses.

The MoUs were signed by Shri K N Ravindra, Secertary, NF on behalf of Nalco Foundation with Dr Achuta Samanta, Founder and Chief of KIIT on behalf of KISS, Smt Sulohita Purohit, Secretary on behalf of KDF and Shri Rama Prasad Sahu, Secretary on behalf of Bikash Vidyalaya, in the presence of Shri B.L.Bagra, CMD, other Directors, Shri Joy Varghese, D(P&A), Shri Ansuman Das, D(C), Shri S.S.Mahapatra, D(P), Shri N.K.Mohanty, D(P&T), Shri P.K.Mohanty, CVO, Shri B.N.Swain, ED(H&A) and other senior officers of the company.

This initiative of providing quality education, with a financial implication of Rs. 70 lakh per year for tenure of 5 years, by Nalco Foundation in cooperation with KISS, KDF and Bikash Vidyalaya will help about 350 children from the remote periphery villages of Damanjodi to join the mainstream.

Beneficiary students of this project have already been identified from villages of Laxmipur, Narayanpatna and Koraput blocks. Worth mentioning here that, NALCO has been allocating 2% of its net profit every year for CSR activities. Accordingly, Rs.17 crore has been earmarked for 2012-13 fiscal.