NATIONAL ALUMINIUM COMPANY LIMITED : A GUIDE IN PUBLIC SECTOR ENTERPRISE

The National Aluminium Company Limited (NALCO), a Navratna CPSE under the Ministry of Mines, is Asia's largest integrated alumina-aluminum complex. Since its inception in 1987, the company has produced profits on a consistent basis for the past 32 years. According to a Wood Mackenzie report, the company is the world's lowest-cost producer of alumina and bauxite. In the fiscal year 2017-18, the company had the third biggest net foreign exchange earner among CPSEs. The government of India currently owns 52 percent of NALCO. NALCO was founded in 1981 to make use of a portion of the vast bauxite reserves discovered on the east coast, with the help of France's Aluminium Pechiney (now Rio- Tinto-Alcan). The production of Alumina and ALuminium has not only met the country's requirement for aluminium self-sufficiency, but has also given it a technological advantage in producing this critical metal to world standards. With the formation of the London Metal Exchange (LME) in May 1989, NALCO became the country's first public sector company to move into the foreign market in a large way. Since 1992, the company has been listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). For various management systems, the organisation has implemented ISO 9001, ISO 14001, OHSAS 18000, SA 8000, and ISO 50001.