New Delhi: Union Mines Minister Pralhad Joshi on Tuesday urged NALCO to provide handloom fabrics to all its employee worth Rs 7,500/- to commemorate 75th Independence Day, that is being celebrated as “Azadi Ka Amrit Mahotsav.” Joshi was speaking with team NALCO virtually and congratulated the Navaratna PSU on the brilliant performance in FY 2020-21 and for continuing the tempo of success in the 1st quarter of 2021-22.
“The urge of Prime Minister Narendra Modi to encourage handlooms, I advise NALCO to join its hand in the mission to promote Handloom by providing Handloom fabrics to each employee worth Rs 7,500/- to commemorate 75th Independence Day,” Joshi said in his address.
Joshi said that NALCO has turned the narrative in its favour and stormed back with greater vigour, resilience and determination in FY 2020-21 to take head-on the challenges posed by the dynamic business environment and the ongoing COVID-19 pandemic across the globe. The company achieved nine folds increase in profits in 2020-21 to earn Rs 1,300 crore in net profits. The company has also posted a net profit of Rs 348 crore in the 1st quarter of ongoing fiscal 2021-22, compared to Rs 17 crore in Q1 of 2020-21. This is indeed in sync with the company’s tagline “Ordinary People with Extraordinary Attitude.”
“It gives me a sense of confidence that the sincerity and hard work of all NALCOnians will pay the better dividend in long run realizing Prime Minister’s dream of an “Aatmanirbhar Bharat.” As a responsible corporate citizen, NALCO’s support and extending helping hand at the time of need to fight against COVID also demonstrates its commitment to the nation,” said Joshi.
NALCO CMD Sridhar Patra, the company’s Directors, representatives of Unions and employees were present in this virtual assembly.
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