Sridhar Patra appointed CMD of NALCO

The Appointments Committee of Cabinet (ACC) chaired by Prime Minister Narendra Modi has appointed Sridhar Patra as the new chairman-cum-managing director (CMD) of National Aluminium Company Limited (NALCO). He has been appointed as CMD of NALCO till the date of his superannuation, i.e. on 31 October 2024 r until further orders, whichever is earlier. At present he is the Director (Finance) in NALCO.

About National Aluminium Company Limited (NALCO)

NALCO was established on 7 January, 1981, with its registered office at Bhubaneswar, Odisha. It is one of the largest integrated Bauxite-Alumina-Aluminium- Power Complex in India. It is a Navratna group ‘A’ Central Public Sector Enterprises (CPSE) under Union Ministry of Mines. At present, Union Government holds 52% equity of NALCO.  As per the report of Wood Mackenzie, NALCO achieved the distinction of being the ‘lowest cost producer of bauxite’ in world for the year 2018, globally.

Month: Current Affairs - December, 2019