National Aluminium Company
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National Aluminium Company Limited, abbreviated as 'NALCO', (incorporated 1981) has units all over India at places like Angul and Damanjodi.
It was incorporated as a public sector enterprise of the Government of India in 1981.
Today, it is Asia's largest integrated aluminium complex, encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations.
The main units of NALCO are at Damanjodi and Nalconagar-Angul. The Bauxite mines called "Panchpatmalli Mines" is situated atop a set of five mountains called Panchpatmalli. These mines are open cast mines. The refinery complex for producing bauxite is located in Damanjodi. The smelter unit of NALCO is located in Nalconagar, Angul. The company's headquarters are located in Bhubaneswar, which is the capital of the Indian state of Orissa.
NALCO is considered to be one of the best profit making PSU in India and reaps impressive benefits every year. It is expanding by currently employing new projects. Despite this fact it has decided to go ahead and disinvest 10% of its equityThe Disinvestment shall raise Rs. 2,500 crore. It will be placed with the National Investment Fund to be used for social sector schemes and to revive ailing public sector units
