Joshi lauds NALCO for stellar and record-breaking performance

New Delhi: Union Minister of Parliamentary Affairs, Coal and Mines Pralhad Joshi has appreciated the collective efforts of employees and the Management of National Aluminium Company Limited (NALCO) in achieving record-breaking results, despite the challenging global business environment. Minister was addressing the employees, during his visit to NALCO Corporate office, Tuesday at Bhubaneswar.

Worth mentioning that NALCO, the Navratna PSU under the Ministry of Mines and the country's leading manufacturer and exporter of alumina and aluminium has recorded an all-around success in Fiscal 2021-22. NALCO recorded a net profit of Rs 2,952 crore which is the highest ever since the inception of the company.

Joshi praised for 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. Joshi said that NALCO has always remained in the forefront in addressing the self-sufficiency of the strategic metal – ALUMINIUM. Organisations like NALCO and many other mining & metal industries are indeed bright examples of 'Atmanirbhar Bharat' (Self-reliant India), he added. "When organisation 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, said Joshi.

On this occasion, Union Minister announced a production & performance gift of 1 percent of 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 vigour and zeal, for achieving greater heights of success in future.

Ministry of Mines' Secretary Vivek Bharadwaj was also present on the occasion and congratulated NALCO collective for their exceptional achievement.

NALCO's CMD Sridhar Patra expressed his gratitude on behalf of the company to Ministry of Mines for unstinted support and also attributed 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 Minister of Mines, just before our upcoming 43rd Foundation Day will propel us to excel further, said Patra.

Among others, Ministry of Mines's Joint Secretary Dr Veena Kumari D, NALCO's all Directors, CVO, representatives of various Unions and associations were notably present during the address of Union Minister. Employees, contractual workmen of operating units located at Angul, Damanjodi and regional offices from across the country also joined this hybrid event through virtual mode.

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