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Bharat Aluminium Company Limited (BALCO)

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BALCO explores biodiesel application for various plant operations

14th December 2022

Balconagar; 14th December, 2022: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, is exploring applications of biodiesel across plant operations as part of its strategy to decarbonize operations. As a first step, the company is using it as fuel for technological vehicles used for transportation purposes across the plant. Biodiesel is a form of green fuel derived from organic matter which, when burned, has a significantly lower carbon footprint as compared to conventional, non-renewable fuels. This is yet another initiative in the company’s journey to reduce carbon emissions to zero by 2050 or sooner.

Energy conservation and increase in adoption of green fuels form the two most important pillars of BALCO’s journey of decarbonization. Towards this end, BALCO is looking at increasing the quantum of renewables in its energy mix through various sources of green fuels, such as renewable energy, biomass, biodiesel, etc. For instance, the company is currently utilizing 40-50 tonnes of biomass briquettes per day at its power plants and has plans to further increase the quantum of biomass consumption to reduce its reliance on fossil fuel. BALCO has also successfully conducted trial runs for using biodiesel in smelter operations for preheating molten metal (aluminium) carrying vehicles, called ‘ladles’, which transfer the hot metal in its molten state from its potlines to cast houses. A potline is a long building, or collection of buildings, located in a smelter and contains a series of ‘pots’, or large electrolytic cells, in which aluminium smelting is carried out. In FY 2022, through various energy conservation initiatives, BALCO has conserved nearly 22,000 GJ of energy.

Speaking about BALCO’s commitment towards decarbonizing its operations in the long term, Mr. Abhijit Pati, CEO & Director, BALCO, said, “BALCO is committed to be an active participant in the sustainable growth of Chhattisgarh and India at large. We are undertaking a multitude of initiatives to reduce our carbon footprint. The successful beginning of using biodiesel in various parts of our operations encourages us to remain attuned to emerging technologies for reducing our carbon footprint. Through such initiatives we aim to achieve the larger goal of creating a sustainable future for the generations to come and we are dedicatedly driving the Environment, Social and Governance (ESG) dimensions of sustainability for building a greener tomorrow.”

Over the years, BALCO has been proactively working for environmental protection and energy conservation which has resulted in various recognitions like, National Energy Leaders Awards 2022 in Metal Sector at the CII 23rd National Award for Excellence in Energy Management. Declared as an Excellent Energy Efficient Unit for third time in a row by CII. BALCO has also been conferred with the prestigious IMC RBNQ Milestone Merits Recognition 2021 award.

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., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 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.

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., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 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

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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