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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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SOCIAL AND RELATIONSHIP CAPITAL

At BALCO, we are committed to act as a responsible citizen and contribute meaningfully to the improvement of our communities. We take this responsibility seriously and endeavour to fulfil our role in a manner that upholds the dignity of all our stakeholders and allows us to live up to our values.

INR 39.95 crore

Total amount spent on CSR initiatives

1.65 lakh

People benefitted from CSR activities

123

Villages in four districts of Chhattisgarh i.e. Korba, Kawardha, Surguja, and Baloda Bazar covered

Our approach

BALCO CSR works towards a larger goal of creating enduring value for the communities it works in. Towards that end, we undertake various community programmes as part of our Corporate Social Responsibility (CSR). The Company has committed to align its CSR activities to the priorities of its neighbourhood communities and the national priorities. CSR programs are spread across various thematic areas i.e., Education, Sustainable Livelihoods, Health, Water & Sanitation, Women’s Empowerment, Environment & Safety, Sports & Culture, and Community Asset Creation including community development.

Education

Project Connect

The right to quality education is at the heart of our Education programme. We are ommitted to providing quality education to children and improving their learning outcomes. By quality education, we mean that we focus on learning outcomes of children The Project focuses on improving the learning environment in nearby government schools by creating an enabling environment with focus on improvising Students Grades, Teacher’s Capacity building, Career Counselling and Employee Volunteerism. During the year, 1,447 students in 5 Govt. schools benefitted through regular and remedial classes for 9th – 12th class on SEMA subjects.

1,447

Students Benefitted

Sustainable livelihoods

Mor Jal Mor Maati

The project focusses on augmenting irrigation facilities, equipping farmers with latest farming techniques and promoting multi-cropping to reduce the dependence on rainfall, improving the surface water management with existing resources and ensuring income generation round the year.

Capacity Building sessions of FPO (Farmer Producer Organizer) established under project with over 400 farmers as members were done. Multiple exposure cum learning visits were organized both within and outside Chhattisgarh for farmers to understand FPO management and business development for agricultural produce. this FPO started its own Input Centre (Shop for selling Agri input such as seeds, Manure and Farming tools).

1,024

Farmers impacted in 11 villages

40%

Farmers adopting crop diversification

75%

Farmers practising modern agriculture techniques like Systematic rice intensification (SRI) and systematic wheat intensification (SWI)

30%

Increase in Average Annual Income of Farmers.

Vedanta Skill School

The surging economy of India requires huge manpower to maintain the momentum of growth, especially from rural India. Looking at the opportunity, BALCO, in collaboration with Social Empowerment & Economic Development Society , has established three skill schools - namely the Vedanta Skill School in Korba, Mainpat and Kawardha regions of Chhattisgarh. We aim to impart vocational skills free of cost to rural youth drop-outs and unemployed population, and help find employment opportunities for them.

594

Youth trained in FY22

73%

Placed in 18 reputed organisations

Women empowerment

Project Unnati

Inclusivity is an important part of our CSR vision, and we are committed to the idea of gender equality and empowerment of women and girls. Gender inclusivity is enabled through focused initiatives and policies, and we empower women through our ‘Project Unnati’. This initiative aims to mobilise and empower women into Self Help Groups (SHGs) and develop their capabilities in skill development and entrepreneurship.

We have so far constituted around 458 SHGs (90 new SHGs during FY22) with membership of 5066 women. Additionally, we also provide Income Generation Activities (IGA) to these women (961 women engaged in income generation activities). On occasion of International Women’s Day “Unnati Mahotsav” was celebrated with community women on the theme #breakthebias. Event celebrated with participation of 400+ SHG women from 45 communities with enthusiastic performances by women and girls depicting local dance forms and plays on social issues.

Highlight of the program was, Balco recognizing the efforts of 3 State Level achievers and 10 Local Level Women/Girl Achievers who have achieved significant positions by breaking the biases or done innovative work in social space.

5,066

Women empowered

458

SHG groups

Healthcare

Our focus is to bring quality healthcare services to the doorsteps of the underprivileged and to promote healthcare awareness and good hygiene standards for our communities.

Nayi Kiran- Project Menstrual Health Management

The project focuses on creating awareness and capacity building of women and adolescent girls on hygienic practices during menstruation. During the year, the program sensitized over 33,377 women, men, adolescent Girls & Boys through awareness, sensitization & capacity building sessions. As a step ahead, capacity building & leadership sessions done with 60 adolescent girls’ group, 60 self-help group women & 60 frontline workers to make the torchbearers in community on spreading right message on safe menstrual health practices. Additionally, as a bold step, project involved “Men in Menstruation”, in this 60+ Adolescent boys capacitated on understanding of Menstruation. 4 Swastha Suvidha Kendra were also started in villages which are serving as the one stop solution for Menstrual problems and place for conducting session at village level being run by leaders of our adolescent girls’ group.

33,000+

Women, men, girls, and boys sensitised

Men in Menstruation

60+ Adolescent boys capacitated on understanding of menstruation

Project Arogya

With this initiative, we aim to target issues related to healthcare and support community interventions in Primary Healthcare along with creating awareness on various seasonal and non-seasonal diseases. Thereby, specific emphasis is laid on TB, HIV, Malaria and Maternal & Child Health to create a disease-free community for healthy living.

Under maternal & child health, developed 150 nutrition garden and trained 500 mothers on recipes from Take Home Ration (THR) for better consumption & improving nutrition levels of Mother & Child.

Revived & Capacitated, 21 Mahila Arogya Samiti & 11 Village Health, Sanitation & Nutrition Committee (health bodies in communities) covering 600 PRI members & local health workers for better convergence & leveraging.

28,000+

Beneficiaries

Mobile Health Van

The Mobile Health Van (MHV) is structured to provide Healthcare at the doorstep of the ailing. In view of the same, BALCO in partnership with HelpAge India launched MHV program. This MHV is serving our nearby 45 communities/areas and addresses the problems of inaccessibility to, inability to afford and non-availability of basic essential health care in community. Multispecialty (Orthopedics, Dental, ENT, Pediatrics, Gynaec, Blood & Sugar etc.) mega health camp organized benefitting 177 people.

5,500+

Benefitted through MHV

Balco Medical Centre (BMC)

We aim to envisage a society where everybody lives free a cancer-free life. Thereby, we run an NGO under the name Balco Medical Centre (BMC), a 170-bed tertiary oncology facility - a flagship initiative of the Vedanta Medical Research Foundation (VMRF). We aim to bring ultra-modern, multimodality diagnostic and therapeutic facilities within easy reach of India’s population at a reasonable and affordable cost. It is located in Naya Raipur, Chhattisgarh where we see patients from all geographies.

12,000

Beneficiaries

INR 72.70 crore

BMC Operational Expense

Age groups (in years)
State wise beneficiaries

© Bharat Aluminium Company Limited - Annual Report 2021-22