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Bharat Aluminium Company Limited (BALCO)

Aluminium Sadan, Core - 6, Scope Office Complex, Lodi Road, New Delhi - 110003

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Vedanta’s BALCO unveils museum to preserve its celebrated origins

26th April 2023

Balconagar; 26th April 2023: The Bharat Aluminium Company (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, has unveiled the BALCO Museum and Learning Centre, an initiative to preserve its celebrated origins as independent India’s first Public Sector Undertaking (PSU), which has since contributed significantly towards leading the nation onto the path of industrial progress. In the spirit of World Heritage Day (observed on April 18), which recognises the need to protect and preserve sites of cultural and historic importance, the museum also seeks to record BALCO’s continuous evolution and ascent ever since first commencing operations.

The museum houses several items representing BALCO’s rich legacy, in the form of industrial and office equipment from its earliest days, first bauxite mined and alumina powder produced, miniature versions of the first products (Ingot, Rolled Sheet and Wire Rods) ever manufactured, a Wall of History depicting the journey of the company over the years, and other exhibits. The BALCO Museum also acts as a learning centre for new recruits to truly appreciate the journey of India’s aluminium industry and get inspired by the several milestones notched by the company since its inception. Located within BALCO’s plant premises in Korba, Chhattisgarh, guests visiting BALCO can request a tour of the Museum.

India’s first Prime Minister, Pt. Jawaharlal Nehru, envisioned BALCO as a ‘Temple of Modern India’. It was incorporated in the year 1965. In 2001, the Govt. of India divested 51% of BALCO’s shares to Vedanta Limited, marking the beginning of one of India’s greatest privatization success stories. Since then, the company has clocked unprecedented growth from 100 KTPA in FY01 to 575 KTPA in FY20, through the deployment of world-class technologies and operational excellence.

Speaking about the development of the BALCO Museum, Mr Rajesh Kumar, CEO and Director, BALCO said, “Since its inception, BALCO has been at the forefront of India’s industrial growth, scripting the dawn of the nation’s aluminium revolution. The BALCO Museum serves to preserve its rich history over the years, acting as a reminder of how far we have come and inspiring us to reach for higher benchmarks. What started with rudimentary equipment and simplistic products, has now evolved into one of India’s leading aluminium producers with unbeatable operational excellence and an illustrious multi-country customer network. As India’s iconic aluminium producer, we recommit to leading India’s manufacturing prowess, making high-quality aluminium products for India and the world.”

About BALCO:

Bharat Aluminium Company (BALCO) is a subsidiary of Vedanta Limited, operating a 0.57 million tonne per annum aluminium smelter in Korba, Chhattisgarh. It is part of Vedanta’s Aluminium Business, a division of Vedanta Limited, which is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium, i.e., 2.42 million tonnes in FY25. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the S&P Global Corporate Sustainability Assessment 2024 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow. For more information, please log on to www.balcoindia.com

For more information, please contact:

Shuchi Mishra
Head – PR & Communications,BALCO
Shuchi.Mishra@vedanta.co.in

Disclaimer:

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

About Vedanta Limited:

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa, Namibia, and Australia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. Under the aegis of Vedanta Cares, the flagship social impact program, Nand Ghars have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Vedanta and its group companies have been featured in Dow Jones Sustainability Index 2020, and were conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020, ‘Company with Great Managers 2020’ by People Business and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by the Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information, please visit www.vedantalimited.com

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