Case Study: NALCO Company

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The company is proactively playing a significant role in the socioeconomic development of the local demography. NALCO is actively engaged in rehabilitation of the land-displaced families, employment, and income generation, health care, development of infrastructure, and various humanitarian goodwill missions. These activities have earned NALCO an enviable place in the corporate world. With the setting up of NALCO foundation and a doubling of its corporate social responsibility (CSR) budget to 2% of the net profit, the company is further aiming at enhancing its activities on social responsibilities. The company's CSR initiatives and the rehabilitation package are a benchmark in the industry standard. In order to promote education among the tribal children, NALCO has sponsored more than 655 students to reputed educational institutes in Odisha bearing all their expenses, which are …show more content…

The company is continuously rated as 'Navrantna' (see Appendix H) means nine jewels by the government of India based on the sustained performances over the successive years. For the last two decades, the organization has earned the reputation of highest foreign exchange earner for the country. Historically, more than 60 % of the products, i.e., alumina and the metal products are exported to different countries across the globe. In a recent move by the ministry of mines, the government of India is in the process of further equity dilution of 5 % through the initial public offering (IPO). The company has a well-structured multi functional board of directors (BOD) and a full time chairman and managing director (CMD) appointed by the government of India. The BOD also includes members from the other specialised areas to advise and guide on various issues of the company. Figure 5 shows the organizational structure of the company. Figure 5. Organizational Structure of National Aluminium Company (India) The board of director and the chairman-cum managing director is responsible

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