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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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BALCO greenifies its fuel mix with biomass for power generation

10th June 2022

Balconagar; 10th June, 2022: The Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer, and a subsidiary of Vedanta Aluminium Business, is greenifying its fuel mix for thermal power generation with biomass briquettes. The company is utilizing 40-50 tonnes of biomass briquettes per day and has plans to further increase the quantum of biomass consumption to reduce its reliance on fossil fuel. This initiative has potential for decreasing BALCO’s GHG emissions by 0.43 MnT of CO2 equivalent annually, in a strong stride towards Vedanta Aluminium’s target of Net Zero Carbon by 2050.

Further, as these biomass briquettes are made from agricultural residue, as per the guidelines of Ministry of Power, Government of India, it also serves to curb burning of agricultural residue which has serious negative impact on the environment. With the added benefits of fostering circular economy, BALCO is also contributing towards increasing farmers’ income in the region as they get to sell their agro-waste profitably.

Speaking about the company’s endeavours towards carbon neutrality, Mr. Abhijit Pati, CEO & Director, BALCO, said, “BALCO is committed to be an active participant sustainable growth of Chhattisgarh and India at large. We are undertaking a multitude of initiatives to reduce 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.”

Appreciating the endeavors of BALCO, Mr. Pulkit Saxena, Director of Bhoomi Agro Produce Pvt. Ltd., which is supplying biomass briquettes to BALCO, said, “I would like to congratulate BALCO and its team members for their commendable efforts to use biomass briquettes for lowering coal usage. The use of such green fuels will have a positive impact on environment as well as to the agro-waste value chain, which includes small and marginal farmers. Such an initiative by a responsible organization like BALCO will set an example for others too. We are proud to be their partners in this environment friendly initiative.”

Working towards its ESG goals, BALCO has recently signed an a memorandum of understanding with Visvesvaraya National Institute of Technology (VNIT) Nagpur for using their green concrete solution for road construction inside the plant, as well as nearby areas. Striving to achieve the goal of 100% fly ash (a by-product of thermal power generation using coal) utilization, BALCO is also supplying conditioned fly ash through rakes to cement manufacturers. BALCO’s current efficiency is as per the global benchmark and its power consumption in the potline is lowest in Indian aluminium industry – a testimony to the company’s high operational efficiencies.

BALCO’s achievements in the year 2021 towards best energy management include topping the Perform, Achieve and Trade (PAT) Cycle-II among the Indian Aluminium Industry. Its power plants have received CII ENCON Award 2021 in the field of best energy management and conservation. BALCO’s 1200 MW Power Plant was State Winner – Chhattisgarh (Large Scale Category) in the 14th edition of CII Energy Conservation (ENCON) Awards 2021. BALCO has been conferred with ‘Best Green Business Award’ and ‘Best Green Excellence Award’ by World CSR Congress this year.

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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