Explanation:

NALCO was established in the Koraput district in 1981.

National Aluminium Company Limited, abbreviated as NALCO, is a Navratna group ‘A’ CPSE having integrated and diversified operations in mining, metal and power under Ministry of Mines, Government of India. Presently, Government of India holds a 51.5% equity in NALCO. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in the country encompassing bauxite mining, alumina refining, aluminium smelting and casting, power generation, rail and port operations . The Company is the lowest-cost producer of metallurgical grade alumina in the World and lowest-cost producer of Bauxite in the world as per Wood McKenzie report. With sustained quality products, the Company’s export earnings accounted for about 42% of the sales turnover in the year 2018-19 and the Company is rated as 3rd highest net export earning CPSE as per Public Enterprise Survey report.