The recently-released exceptional results of National Aluminium Company Ltd (Nalco) and its business performance over the last four years have come in for praise from all quarters with CMD Dr Tapan Kumar Chand being awarded the ‘Global Indian Business Leader’ for outstanding professional achievements and inspiring social contributions.
On behalf of Dr Chand, the award was received by Nalco DGM (Corporate Communication) Asutosh Rath in New Delhi. Organised by the Indian Achievers’ Forum, this award followed the Dalal Street Journal’s rating of Nalco as the fastest-growing PSU in last five years and Dr Chand receiving the Roll of Honour for leading the company in growth path and achieving global benchmark of the lowest-cost producer of bauxite and alumina in the world.
Notably, under the stellar leadership of Dr Chand since taking over as the CMD in July 2015, the Nalco has been consistently delivering across all parameters of production, productivity and profitability in the last four years with the company registering its best performance in a decade by clocking a whopping Rs 1,732-crore net profit in 2018-19.
Along with significant achievements onthe production front, the Nalco achieved the distinction of becoming the lowest-cost producer of alumina in the World, as per the Wood Mackenzie report, for three consecutive years. Going a step further, the company has also been ranked as the lowest-cost \producer of bauxite in the world for the year 2018-19.
In matters of profitability, the Nalco is way ahead of its private sector peers by registering EBIDTA Margin of 28%. Industry analysts attribute the company’s splendid performance to the implementation of its New Business Model since 2016.