Sridhar Patra appointed as CMD of NALCO

The Appointments Committee of Cabinet chaired by Prime Minister Narendra Modi has appointed Sridhar Patra as the new Chairman & 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.At present he is the Director (Finance) in 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.