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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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On Kisan Diwas, BALCO recommits to empowering farmers through agricultural innovations

9th January 2024

Balconagar, January 9, 2024: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium Business, commemorated Kisan Diwas (December 23) by organizing a mega Kisan Mela in the villages of Jambahar and Bela, Korba. The event drew the enthusiastic participation of over 350 farmers from across 32 villages in the district, bringing together government agencies, financial institutions, and other stakeholders in the agricultural sector to promote greater partnership and empowerment.

BALCO hosted the program in partnership with the Action for Food Production, an NGO engaged in generating awareness on enhanced farming practices. Participants were engaged through insightful discussions, workshops, and exhibitions during the festival. In addition, 20 farmers from Korba were felicitated for demonstrating progressive farming practices. The event was conducted in collaboration with the Department of Agriculture, Horticulture Department, Forest Department, Agriculture Insurance Company of India (AICI), Chhattisgarh Renewable Energy Department, and the Regional Rural Bank.

The event focused on disseminating crucial information on building sustainable agricultural livelihoods and encouraging rural development. It showcased the latest agricultural innovations and techniques available to enhance the productivity of farmers. Informative sessions on various crop insurance schemes were also conducted, underscoring the importance for farmers to secure their crops. Additionally, detailed knowledge was shared on the various government initiatives available for providing financial assistance and other benefits to farmers.

Highlighting the importance of the initiative, Mr. Rajesh Kumar, CEO & Director, BALCO said, “We firmly believe that farmers are an important contributor to our nation’s development. BALCO is dedicated to uplifting and advancing the farming community through various technological and innovative programs. Farmers trained through these initiatives have achieved success in increasing crop production through organic farming, agricultural innovations, and modern technologies. Our project Mor Jal Mor Maati’ has proven especially beneficial for farmers, and we are committed to supporting them through other comprehensive development programs.”

The Mor Jal Mor Maati project focuses on supporting farmers through initiatives such as improving surface water management with existing resources, augmenting irrigation facilities, and promoting multi-cropping to reduce dependence on rainfall. It is also introducing farmers to new avenues such as animal husbandry, horticulture, and non-timber forest produce, ensuring income generation round the year. The Vedanta Agriculture & Resource Centre (VARC) has also been set up as part of the project to complement these efforts through trainings and input support.

Covering more than 1200 acres of land and reaching out to over 3700 farmers, the Mor Jal Mor Maati project has become a cornerstone in providing essential resources to the agricultural community in Chhattisgarh. The technical support provided has helped them to reduce overall costs and led over 1000 farmers to adopt modern agricultural methods, resulting in an increased average annual income.

The project has also motivated young farmers to embrace agriculture as their main livelihood, with approximately 25% of the project’s beneficiaries being youths. Local farmers are also linked to various government schemes through this project. BALCO remains committed to empowering farmers and fostering a culture of innovation and collaboration in the agricultural sector through initiatives like ‘Mor Jal Mor Maati.’

About BALCO:

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., 2.42 million tonnes in FY25. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the S&P Global Corporate Sustainability Assessment 2024 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.

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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