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Annual Report 2021-22

Know BALCO

  • 01. About Us
  • 02. Core Values
  • 03. Certifications
  • 04. Chairman’s Message
  • 05. Performance Highlights

Business Overview

  • 01. Our Product Portfolio
  • 02. Our Diverse Presence
  • 03. Building Process Excellence
  • 04. Human Capital
  • 05. Social and Relationship Capital
  • 06. ESG Initiatives and Relationship Capital
  • 07. Board of Directors
  • 08. Awards & Recognition

Statutory Reports

  • 01. Board’s Report
  • 02. Report on Corporate Governance

Financial Statements

  • 01. Independent Auditor’s Report
  • 02. Balance Sheet
  • 03. Statement of Profit and Loss
  • 04. Statement of Cash Flows
  • 05. Statement of Changes in Equity
  • 06. Notes to Financial Statements

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BUILDING PROCESS EXCELLENCE

Digitisation, innovation, technology and excellence are among the fundamental pillars of Vedanta. BALCO is committed to building a world-class organisation driven by innovation, advanced technology and benchmark processes that enable our culture to Empower, Engage and Inspire.

AR/VR for ESG and Digital Training

With its focused commitment to ensuring ESG and digital excellence, BALCO launched a futuristic initiative – the XR experience zone, which showcases AR, VR and MR technologies-based training centres.


Hot Spot Detection System

In continuance of its journey towards automation and digitisation, we introduced a combination of highend technology and indigenous innovations. Our hot spot detection system for coal yard using thermal image processing project offers thermal inspection of coal yard to capture hot spots and real-time alarm for spontaneous combustion occurring in coal yard Piles. It is aimed to detect the heated location and give a warning in advance about any temperature rise above 70oC in the yard so that we can take subsequent action to prevent combustion inside coal piles.

Boiler Tube Leakage Prediction

We, at Balco completed the project for boiler tube leakage prediction using AI/ML Pulse edge, which offers a more reliable and evidential boiler thermal profile prediction analysis method. It is designed to give early indications of prone to leakages resulting in subsequent actions to prevent and avoid the boiler tube leakages.

Furthermore, we developed a mobile application to optimise internal technologies. Vehicle utilisation by RFID system installed at all strategic check points and soft GPS features using IoT.


Privilege Access Management system (PAM)

Privilege access management is a cybersecurity strategy to control, monitor, secure and audit all identities across an IT environment. Data breaches are almost always the result of compromised endpoints and privileged credentials. That’s why monitoring and protection of privileged accounts has become crucial. Implementing least-privilege security on the endpoint is also mission-critical, as local administrator rights are prime targets for cyber criminals. To thoroughly protect sensitive data, controls need to be in place that keep both endpoints and privileged credentials secure.

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