BALCO wins prestigious ‘Gold medal’ in the ‘National Awards for Manufacturing Competitiveness 2019-20’
Balconagar, Korba, February 12, 2021: Bharat Aluminium Company (BALCO), India’s iconic aluminium producer, won the prestigious ‘Gold medal’ in the ‘National Awards for Manufacturing Competitiveness (NAMC) 2019-20’. The award was received by Mr. Abhijit Pati, CEO & Director, BALCO in a virtual ceremony held on 13th February 2021. This prestigious award is testimony of BALCO’s thrust in excellence in strategic cost reduction, value added product volume, capacity expansion, coal security and leadership & management talent.
Mr. Abhijit Pati, CEO & Director, BALCO, expressed happiness over receiving the award and said, “Today we are living in a very exciting transformed business environment. BALCO is amongst the country’s top producers of one of the second most important metal in the world – aluminium, it alone produces nearly15% of the country’s aluminium, establishing the country on a global metal forum. BALCO has contributed in positioning aluminium as the ‘Metal of the future’ in the global scenario through producing best in class value-added products. BALCO has effectively optimized and excelled its overall performance through its focused approach to operational excellence practices, strategic cost reduction, value added product volume, capacity expansion, coal security and leadership & management talent.”
BALCO has also rolled out technology driven initiatives like installing GPS-enabled monitoring system in coal carrying vehicles, implementation of BALCO sustainability mobile application and introducing artificial intelligence in operations, the company is actively exploring the field of smart technologies to enhance performance and boost production in the face of fierce global competition, and ensuring appropriate measures at the site subsequent to data-driven analytics for improved performance to achieve business objectives.
The National Awards for Manufacturing Competitiveness (NAMC) is instituted by International Research Institute for Manufacturing (IRIM) in the year 2013. It is a unique awards program which recognizes non-conventional approaches and tailor-made strategies of organizations. This award recognizes manufacturing units who have adopted Global manufacturing practices in their journey to become world class and are the gold standard for other companies in India to benchmark themselves to catalyze their own manufacturing process excellence.
Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is owned 49% by the Government of India and 51% by Vedanta Limited. Vedanta Limited is the world’s 6th largest diversified natural resources company and the largest producer of aluminium in India. BALCO operates a 0.57 million tonne per annum aluminium smelter in Korba, Chhattisgarh. It is also a leader in value-added aluminium products that find critical applications in core industries. With its world-class smelter and power plants, the company fulfills its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
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.
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