National Aluminum Company Limited (NALCO) Overview
Company Headquarters: Bhubaneswar, India
Founded: 1981
Workforce: ~5,520
Company Working: National Aluminum Company Limited (NALCO) is a leading lowest-cost producer of alumina and bauxite in the World. The Government of India holds 51.28% of the paid-up equity capital of the company. NALCO is one of the largest integrated primary manufacturers of aluminum in Asia and deals with the entire value chain from bauxite mining, alumina refining, aluminum smelting, and power generation to downstream products. The business segment includes alumina, power, metal, and others. The zeolite product comes under the alumina & hydrate product segment. NALCO also creates, produces, and markets useful products for various end-use industry include power, consumer durables, transportation, construction, packaging, etc. It has three manufacturing sites present, and seven offices across India. It has a strong export market across Asia-Pacific, America, Europe, the Middle East, and Africa.
Strategy
National Aluminum Company Limited (NALCO) focuses on redefining business processes and models for operational excellence and enhancing agility, speed, and data-driven decision-making through digitalization. It is working towards its vision to be a leading and integrated company in the aluminum value chain in the mining, metals, and energy sectors, with a strategic presence in both domestic & global markets. The company is continuously improving on efficiency and business practices. Also, it is enhancing value for all stakeholders to grow sustainably multi-fold in the mining, alumina, and aluminum business along with select diversification in minerals, metals, and energy sectors. Also, the company focuses on expansion in core business, forward& backward integration through value addition and raw material security, downstream facilities, and selective diversification. The development of business initiatives is under various stages of implementation. The Corporate plan envisages 3 years action plan, 7 years of strategy, and 15 years of vision to improve both the bottom line and topline of the company.
