Other States - Orissa   

Navratna status for NALCO

BHUBANESWAR: National Aluminium Company Limited (NALCO has been granted the Navratna status, company sources said on Tuesday.

Navratna status is conferred on select Central Public Sector Enterprises (CPSEs) on becoming significant players in the economic development of the country. On achieving the status, certain powers are delegated to those CPSEs that had comparative advantages and capacity to become global giants.

NALCO is presently undergoing its second phase expansion with an investment of more than Rs. 5,000 crore, which is scheduled to be completed by the end of this year. At the same time, the company is also planning to set up smelter and power plants in Indonesia and South Africa.

The net profit and sales turnover for the financial year 2007-08 worked out to Rs. 1624.89 crore and Rs. 5474.08 crore respectively, as against the corresponding figures of Rs. 2381.38 crore and Rs. 6514.51 crore achieved during the previous year.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Pravat Kumar Swain wins ‘Naveen Kalakar’ dance competition
Efforts on to save hatchlings
Human chain
Navratna status for NALCO
Foundation stone
Raw deal alleged
Storm creates panic
Woman found dead
HC Bench: lawyers to intensify agitation
Scientists see threat to mangrove forest
Biranchi case: PIL seeks arrest of IAS officer
Six tribals killed
Visually impaired man alleges raw deal
Gastroenteritis cases on the rise
Naveen to lay stone for barrage today
Cyclonic storm further intensifies

Copyright © 2008, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu