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Kumar lauds Nalco’s efforts in enhancing productivity, profitability; promoting Odisha’s talents




 “Despite the vagaries of international market, Nalco’s consistent performance – both in terms of productivity and profitability is commendable,” said Union Secretary Mines Balvinder Kumar. While addressing the 37th Foundation Day Celebrations of the company, here today, Kumar said, "Nalco’s efforts towards encouraging and promoting art, culture and sports of the State through various awards are also laudable. I congratulate CMD of the company and his team for this endeavor."

      Dr. Tapan Kumar Chand, CMD, Nalco, in his welcome address, reiterated that the company is committed towards the development of Odisha and is also working in sync with the national development programmes. He highlighted the corporate journey of Nalco since inception and presented the new business model under implementation in Nalco. “In 2016 Nalco has posted strong growth of 18% in Bauxite mining, the highest since inception and a record in the mining industry. During the financial year 2016-17 Nalco will surpass its production capacity of 68.25 lakh tonnes and will achieve 73.25 lakh tonnes production,” Dr. Chand informed.

“In stock market Nalco share price has registered increase of 68% from Rs. 40.20 in the beginning of the year 2016 to Rs. 67.60 as on date,” he added. Dr. Chand also said that the company, along with its efforts to achieve excellence in business, is focusing on the welfare of its stakeholders.

A host of awards presented by Nalco to achievers in different fields added a unique flavor to the foundation day celebrations. Nalco Smiles Award was presented to Secretary of Institute for Helping the Disabled Bhagirathi Panda for his outstanding contributions towards the rehabilitation of differently-abled persons. Nalco Kharavela Award for Odissi Guru was received by Prof. Naba Kishore Mishra for his significant contributions in promoting the dance form in India and abroad. The other Nalco Kharavela Awards for significant achievements in Odissi, were handed over to Kshyanaprava Parida, Suhag Nalini Das and Nityananda Das. Nalco Kalidas Award was handed over to Prof. (Dr.) Radhamadhab Dash, Vice-Chancellor of Shri Jagannath Sanskrit Vishwavidlaya, Puri, for his significant contributions in the field of teaching and propagating Sanskrit. 

Nalco also honoured other achievers of Odisha for their contributions in different fields. Eminent literary personalities Dr. Ramakanta Rath, Dr.  Pratibha Satapathy and Binapani Mohanty received Nalco Literary Award. Nalco Start-up Award was given away to MD & CEO of Milk Mantra Srikumar Mishra. Nalco Fine Arts Awards were handed over to BK College of Art & Crafts and sculptor Sudarshan Sahoo. Nalco Sports Awards were received by Chess Player Debasis Das, Athlete Amiya Mallick and Scuba Diver Sabir Bux. On this occasion, Nalco also recognized the efforts of three SBI officials including CGM BVG Reddy, DGM GS Behera and CM SBI Nalco Corporate Office Branch Smita Rath in promoting cashless transaction by honouring them with Nalco Digital Drive Awards.

      An MoU between Nalco and Utkal University was signed to collaborate on some specific areas viz.  R & D Projects, Baseline and impact Assessment Survey for CSR Projects and Industry Institution Interaction where Utkal University will be one of key Institutions, extend internship and Vocational Training to students of Utkal University and extend its support in Skill Development Training programmes for under privileged people of the state of Odisha. The MoU was signed by Vice Chancellor of Utkal University Dr. Ashok Kumar Das and Director (HR) of Nalco BK Thakur.

      Also, on the occasion, Nalco postage stamp was released by Balvinder Kumar and Dr. Tapan Kumar Chand. The first issue of the quarterly magazine of Nalco Mahila Samiti ‘Sanginee’ was also released by Kumar, Dr. Chand and President of Nalco Mahila Samiti Preeti Roy.






Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

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Entertainment

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Interview

* “Nalco to invest Rs 35,000 cr in Odisha, good governance key to company’s success”

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