BHUBNESWAR: Navratna PSU under Ministry of Mines, Govt. of India and country’s leading producer and exporter of alumina and aluminium, National Aluminium Company Limited (NALCO), has yet again come forward to extend relief to the flood victims. The company has donated Rs 1 crore to the Chief Minister’s Relief Fund, Orissa, which has been severely affected by unprecedented flood.
Shri B.L. Bagra, CMD, NALCO handed over a cheque of Rs 1 crore to Shri Naveen Patnaik, Chief Minister, Orissa here on Friday.
NALCO has always extended relief measures to the victims of natural calamities in Orissa. Earlier, the company had donated Rs 1.39 crore during the super cyclone in 1999 and Rs 5 crore for flood victims of Orissa in 2008.
The company has doubled its CSR budget to 2% of the net profit from 2010-11, by setting up a NALCO Foundation. For the current fiscal, the company has earmarked Rs 21.38 crore for various CSR activities.