| Nalco in race for Maharatna status | |
| BS Reporter / Kolkata/ Angul August 25, 2009, 14:08 IST | |
State-run National Aluminium Company (Nalco) is amongst the 18 navaratna companies in India which are currently being assessed for the Maharatna status, according to CR Pradhan, the company's chairman and managing director.
Speaking at a function to mark the inauguration of the new building of the Nalco Officers’ Association, here, Pradhan said “A Nalco team headed by me would leave for New Delhi on September 9 this year to submit all the necessary documents in this connection.”
The award of the Maharatna status would provide greater autonomy to a company compared to the navratna tag.
Referring to the recent victory of the Prince Group in a television reality show, Pradhan said that group efforts in all spheres can give 100 per cent better results than the individual efforts.
The Nalco chairman also assured to look into the demands of the Officers’ Association for hike in pay and perks.
Speaking on the occasion, BL Bagra, director (finance), Nalco advised officers to look beyond their organization and cautioned that too much of greed can lead to disaster.'
J Varghese, director (personnel), Nalco called for sustained efforts from the Nalco employees to enable the company to post a better performance. AK Sharma, director (production) and other senior officials of Nalco also spoke on the occasion.
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