NALCO Current Affairs - 2020

Sridhar Patra appointed CMD of NALCO

The Appointments Committee of Cabinet (ACC) chaired by Prime Minister Narendra Modi has appointed Sridhar Patra as the new chairman-cum-managing director (CMD) of National Aluminium Company Limited (NALCO). He has been appointed as CMD of NALCO till the date of his superannuation, i.e. on 31 October 2024 r until further orders, whichever is earlier. At Read More…

KABIL: Govt sets up Khanij Bidesh India Ltd to ensure supply of strategic minerals

Union Ministry of Mines has set up joint venture company namely Khanij Bidesh India Ltd. (KABIL) to ensure a consistent supply of critical and strategic minerals to Indian domestic market. This new company is mandated to ensure mineral security of the country and help in realizing the overall objective of import substitution. About Khanij Bidesh Read More…

NALCO to get President’s award for excellent CSR in social development

National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President’s award for utilisation of Corporate Social Responsibility (CSR) fund in social development. NALCO was selected for its Aliali Jhia Scheme. About Aliali Jhia In 2015 NALCO started a scheme called Aliali Jhia. The scheme was on the line of Beti Bachao Read More…

NALCO Disinvestment: Government raises Rs 1200 crore

The Central Government has raised Rs. 1,200 crore by divesting 9.2% of paid-up capital in National Aluminum Company Ltd. (NALCO). With this disinvestment, Government’s shareholding in NALCO has become 65.37%. Disinvestment involves the sale of Government’s share in the Public Sector Undertakings. In disinvestment, the government sells only a part of the equity which is Read More…

NTPC, NALCO ink MoU to establish a 2.4 GW power project at Gajmara, Odisha

State-owned power producer National Thermal Power Corporation (NTPC) and aluminium producer National Aluminium Co. Ltd (NALCO) have signed MoU to establish a 2.4 giga watt (GW) Coal based power project at Gajmara, Odisha. The MoU will facilitate setting up of a Joint Venture (JV) Company between NTPC and NALCO. It also seeks to set up Read More…

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