CURRENT AFFAIRS

Detailed explanation-1: -1. National Aluminium Company Limited (NALCO), was established on 7th January, 1981 in the Public Sector, with its registered office at Bhubaneswar, to exploit a part of the large deposits of bauxite discovered along the East Coast.

Detailed explanation-2: -NALCO was incorporated on 7th January 1981. At Panchpatmali Hills of Koraput Dist. in Orissa the Company started its Bauxite Mines during November 1985. After a year during September of the year 1986 in the picturesque valley of Damanjodi in Koraput Dist it formed the Alumina Refinery.

Detailed explanation-3: -National Aluminium Company Limited (NALCO) is a Schedule ‘A’ Navratna CPSE established on 7th January, 1981 having its registered office at Bhubaneswar. It is one of the largest integrated Bauxite-Alumina-Aluminium-Power Complex in the Country. At present, Government of India holds 51.28% of paid up equity capital.

Detailed explanation-4: -Alumina is converted into primary aluminium through a smelting process by using electrolytic reduction.