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NALCO appoints Sadashiv Samantaray, and Sanjay Patel on Board; stock spurts ~2%

24 Mar 2022 , 12:23 PM

National Aluminium Company Limited (NALCO) made two appointments on its Board in its meeting held on March 22, 2022. The company informed that Shri Sadashiv Samantaray has been appointed as Director (Commercial) of the Company vide order issued by Ministry of Mines, Government of India.

NALCO also appointed Shri Sanjay Ramanlal Patel as a Part-time Non-official (Independent) Director of the Company for three years, effective from March 22, 2022.

None of the Directors are related to any of the Directors or Key Managerial Personnel of the Company and also not debarred from holding the office of Director by virtue of any SEBI order or any other such authority.

Mr. Samantaray has more than 36 years of rich experience in Plants and commercial areas. Working at Plants he was involved in erection, commissioning, operations, and production planning in CPP and Smelter. Due to his strategies and planning, Nalco could achieve the highest levels of production and productivity.

Shri Sanjay Ramanlal Patel is a graduate of Science (Chemistry) from Gujarat University. He is presently holding the position of Chairman of Agricultural Produce Market Committee (APMC), Khambhat since 2018. He is also the President of Ralej Kedavni Mandal Ralej and a Syndicate member of Sardar Patel University, V. V Nagar since 2018.

NALCO is currently trading at Rs125.35 up by Rs2.3 or 1.87% from its previous closing of Rs123.05 on the BSE. It has touched day’s high and low of Rs127.45 and Rs123.15 respectively.

Related Tags

  • board
  • Director
  • NALCO Appointment
  • NALCOBoard
  • NALCONews
  • NALCOStock
  • NALCOUpdates
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