Nalco Foundation awarded
Bhubaneswar: Nalco Foundation has bagged a prestigious award in the category of Best Corporate Social Responsibility Practices 2013, at the Responsible Business Summit & Awards.
On behalf of the Foundation, Aswini Kumar Choudhury, Chief Operating Officer, received the award at a function held on Friday in Mumbai, a company release said here.
Right from inception, NALCO has been laying special emphasis on CSR and has been allocating 1 per cent of its net profit every year for carrying out various developmental activities.
In order to strengthen its CSR activities, the company has set up standalone Nalco Foundation in 2010 and increased its fund allocation by another 1 per cent of net profit.
The Foundation has taken up some significant projects in health, education, drinking water and other areas of community development.