Nalco Foundation signs MoUs for sponsoring children's education in Koraput

KOLKATA: Nalco Foundation, the CSR arm of National Aluminium Company Limited, has signed MoUs with Kalinga Institute of Social Sciences (KISS), Koraput Development Foundation (KDF) and Bikash Vidyalaya , for sponsoring education of children from the peripheral villages of Damanjodi in Koraput from the current academic year , covering their school fees, lodging, boarding and other expenses .

This initiative of providing quality education , with a financial implication of Rs. 70 lakh per year for tenure of 5 years, by Nalco Foundation in cooperation with KISS , KDF and Bikash Vidyalaya will help about 350 children from the remote villages of Damanjodi to join the mainstream. Beneficiary students of this project have already been identified from villages of Laxmipur, Narayanpatna and Koraput blocks. Incidentally, NALCO has been allocating 2% of its net profit every year for CSR activities. Accordingly, Rs. 17 crore has been earmarked for 201 2 -1 3 fiscal.

The MoU s were signed by K N Ravindra, Secretary on behalf of Nalco Foundation and Dr Achuta Samanta, Founder and Chief of KIIT on behalf of KISS, Sulohita Purohit, Secretary on behalf of KDF and Rama Prasad Sahu, Secretary on behalf of Bikash Vidyalaya, in the presence of B L Bagra, Nalco's chairman and managing director , other directors like, Joy Varghese, D(P&A), Ansuman Das, D(C), S.S.Mahapatra, D(P), N.K.Mohanty, D(P&T), P.K.Mohanty, CVO, B.N.Swain, ED(H&A) and other senior officers of the company .