Home ECONOMY TK Chand takes over as CMD of Odisha based Nalco

TK Chand takes over as CMD of Odisha based Nalco

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Odisha Sun Times Business Bureau
Bhubaneswar, Jul 27:

Tapan Kumar Chand took over as the Chairman-cum-Managing Director (CMD) of Odisha based public sector aluminium major National Aluminium Company (Nalco) here today.

Tapan Kumar Chand addressing the media after taking over as the CMD of Nalco on Monday
Tapan Kumar Chand addressing the media after taking over as the CMD of Nalco on Monday

After assuming office, Chand emphasized a strong business sense at all levels to make NALCO products cost competitive in the international market, diversification to top-up turnover, safety as a culture, empathetic welfare of employees and community around.

“Metal makers, be it ferrous and non-ferrous, need to focus on volume variance and price variance, to augment their realization. New market, expansion of customer base, product diversification and high-end products are some of the initiatives that need to be taken immediately to make NALCO tide over the existing market sluggishness,” the new CMD said addressing the media after taking over as CMD.

The company’s expansion and diversification, along with existing asset utilization and cost reduction, will be his priorities, he said.

Before taking over as Nalco CMD, Chand was the Director (Commercial) of Rashtriya Ispat Nigam Limited (RINL). He brings more than three decades of rich experience in mining and metal sector, including eight years at the board level to his new job.

A Gold Medallist from Utkal University, Chand had undergone training in Advanced Management Programme in International Centre for Promotion of Enterprises (ICPE), in Western Europe and in Queensland University of Technology, Australia.

He represented Indian Steel Industry in Paris Meet of OECD.  In the areas of Corporate Governance, he was adjudged as the outstanding performer by SCOPE and Department of Public Enterprises, Govt. of India.

He also served as Director in Central Coal, a Coal India subsidiary and then Director in Visakhapatnam Steel Plant, a Navratna Company of Govt. of India.