On Wednesday, Abhay Kumar Behuria took over as National Aluminium Company Limited’s (NALCO) Director of Finance. NALCO is a Navratna CPSE that works for the Indian government’s Ministry of Mines. Behuria brings with him a wealth of expertise in digital transformation, strategic planning, and financial management from a successful career spanning more than three decades. He is a Fellow Member of the Institute of Cost Accountants of India (ICAI) and graduated with a First-Class B. Com (Hons.) from Utkal University. An Executive Diploma in Business Valuation from the Board of Advanced Studies & Research, ICMAI, further demonstrates his financial savvy.
Behuria was instrumental in promoting financial development and operational efficiency at Rourkela Steel Plant (RSP), a division of the Steel Authority of India Limited, where he was Executive Director (Finance & Accounts) before joining NALCO. Despite difficult market conditions, RSP achieved record-high EBITDA and PBT under his leadership. Significant savings and increased profitability were the outcomes of his strategic initiatives, which included closing non-viable operations, optimizing resources, and concentrating on cost awareness.
At RSP, Behuria also led a number of digital transformation projects, including vendor information management, automated invoicing, and the deployment of SAP in Mines. In order to increase compliance and simplify operations, he played a key role in the merger of two Provident Fund Trusts. His aggressive approach resulted in significant recoveries and settlements by resolving long-standing legal and financial concerns.
Congratulations to Behuria on taking over as NALCO CMD’s Director of Finance. According to Brijendra Pratap Singh, NALCO’s activities will be strengthened by his vast expertise in financial management, strategic planning, and digital transformation. He emphasized that Behuria, which has a track record of accelerating growth at SAIL, is now ready to contribute the same caliber of innovation and quality to NALCO. “NALCO’s leadership team has been further strengthened with his joining as Director (Finance),” he stated.