Bhubaneswar, June 17 (LocalWire): The CMD of National Aluminium Company Limited, Dr Tapan Kumar Chand, received the ‘Global Indian Business Leader award’ for outstanding professional achievement and inspiring social contributions by the Indian Achievers’ Forum.
This award follows Dalal Street Journal, India’s top rated equity investment magazine, rating NALCO as the fastest growing PSU in last five years and conferring the ‘Roll of Honour’ to Dr Chand.
He was bestowed the award for leading the company towards growth and achieving the global benchmark of lowest cost producer of Bauxite and Alumina in the world, as per the Wood Mackenzie report, for three consecutive years.
Under the leadership of Dr Chand NALCO has been consistently delivering across all parameters of production, productivity and profitability since 2015.
The company registered its best performance in a decade by clocking a whopping Rs 1,732 crore net profit in 2018-19.
NALCO has recorded all-round success and global benchmarks in 2018-19.
In matters of profitability, NALCO is way ahead of its private sector peers by registering EBIDTA Margin of 28%.
Industry analysts attribute NALCO’s splendid performance to the implementation of its new business model since 2016.