Addressing unions, members of management and employees of Nalco, Chairman Dr Tapan Kumar Chand unveiled a new business plan acronymed “NALCO:3-4-5”, that envisages increasing Nalco’s 3-digit profit figure to 4-digits and 4-digit turnover to 5-digits.
Nalco has already achieved 4-digit figure at Rs1, 342 crore in 2017-18 and is likely to achieve more than Rs 1,600 crore in 2018-19. The objective is to further increase and sustain the profit at 4-digit level. Similarly, turnover of Nalco for the first time in 2018-19 will be in 5-digits. It is expected that the net turnover of Nalco during the current year will be more than Rs12,000 crore.
Under the plan, Nalco will turn into a hardcore business organisation with complete focus on business excellence.
Dr Chand further said that, “With the emergence of the 4th industrial revolution, artificial intelligence, internet of things, robotics, augmented reality etc. would be the trend setters and Nalco is all set to lead this revolution. The new technology: Industry 4.0, will bring in substantial reduction in capital investments and Indian industries needs to leverage it to remain globally competitive. Nalco is gearing up in full steam to meet this challenge”.
Dr Chand, during his visit to Nalco’s Mines and Refinery Complex inaugurated the new Electrostatic Precipitator (ESP) of Boiler-2, which has incorporated the latest technology for pollution control from the power plant. He also laid the foundation stone for the HRD-DCW of Alumina Refinery which will enhance the productivity of the plant and reduce the consumption of caustic soda.
Dr Chand also inaugurated the state-of-the art auditorium at Damanjodi with a seating capacity of 500.
He announced that in the near future, Nalco plans to spend around Rs 100 crore under its CSR arm in the areas of healthcare, literacy, infrastructure, water management and women empowerment in Koraput district.
In order to motivate performance amongst employees, the CMD presented Excellence Awards to 41 employees across various levels of the organisation.