NALCO safeguards its workforce with enhanced insurance cover

THEBUSINESSBYTES BUREAU

BHUBANESWAR, SEPTEMBER 17, 2025

Under the visionary leadership of Prime Minister Narendra Modi, India’s mining sector has undergone transformative reforms aimed at uplifting mine workers’ welfare, safety, and livelihoods. These forward-looking measures have not only strengthened working conditions and safety frameworks but have also unlocked opportunities for skill development, social security, and sustainable growth.

In alignment with the Prime Minister’s vision, National Aluminium Company Limited (NALCO) – a Navratna CPSE and India’s leading integrated aluminium producer with its own mining and smelting operations – has rolled out new initiatives to reinforce employee welfare and social security. As a pioneering step, the company is extending Group Personal Accident Insurance coverage of ₹1 crore to all its regular employees through corporate salary accounts with SBI and other partner banks.

Furthering its inclusive approach, NALCO has also launched a Group Personal Accident Insurance Scheme for contractual workers. Under this initiative, every contractual worker will be insured for ₹20 lakh in case of accidental death while on duty and ₹10 lakh in the event of disability. These measures, guided by the Union Mines Ministry under the leadership of Union Minister of Coal and Mines G. Kishan Reddy, reaffirm NALCO’s commitment to strengthening social security for its entire workforce.

With these progressive moves, NALCO has not only enhanced the financial security of both permanent and contractual employees but also showcased its proactive stance towards inclusive growth, employee welfare, and sustainable development in India’s mining and metals sector.