Bhubaneswar: Nalco has won the prestigious SCOPE Award for excellence and outstanding contribution to public sector management – Institutional Category I (Maharatna & Navratna PSEs).
President Pranab Mukherjee presented the award to Nalco CMD Dr. Tapan Kumar Chand at a function organized on the occasion of Public Sector Day celebrations at Vigyan Bhawan, New Delhi on Tuesday.
Nalco also received another award for meritorious performance in CSR. Nalco is one of the top two Navratna/Maharatna companies receiving double prestigious awards.
It will be worth mentioning that the Navaratna PSU reported significant growth in the last fiscal in the areas of production and sales. The company achieved 7.65 % growth in bauxite production by recording 68.25lakh tons in FY16-17, the highest since inception.
Continuing the stellar performance the refinery segment of the company also saw a jump of 7.53% in Alumina Hydrate making record production of 21 lakh ton. At its smelter plant in Angul, the company has set in the process of increasing production with a 4.03% increase in production of metal at 3.87 lakh tons.
Its captive power plant too saw an increase in power generation of 6066MU which represents an increase of 3.85% YoY. On the sales front too the company has reasons to cheer with 6.15% growth in chemical sales, 6.32% increase in metal export and 2.52% increase in the domestic sale of metal.