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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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Vedanta Skill Schools in Chhattisgarh train nearly 600 youth in FY22

16th May 2022

10,000 youth made employable and self-reliant since inception

Balconagar; 16th May, 2022: The Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium Business, has trained nearly 600 youth of Chhattisgarh through the Vedanta Skill Schools in Korba, Kawardha and Mainpat in FY22. Most of the graduates have found employment with India’s leading companies in power, steel, automotive, solar and hospitality industries.

The Vedanta Skill School provides robust technical education to trainees, preparing them for vocations that enable them to become financially self-reliant. The institute imparts free residential training in six trades of food & beverages, welding, sewing machine operation, solar PV technician, electrician and fitter, and helps the trainees with placements in companies of repute. The 45-65 days training programme is designed as per the National Skill Development Corporation (NSDC) guidelines and around 10,000 youth from Chhattisgarh have been trained since inception. Vedanta Skill School has been imparting these trainings in convergence with government schemes like Mukhya Mantri Kaushal Vikas Yojana (MMKVY), NABARD, Skill India Impact Bond (SIIB) and National institute of Solar Energy (NISE).

Sharing his views on Vedanta Skill School improving the lives of local youth, Mr. Abhijit Pati, CEO and Director, BALCO, says, “At Vedanta, sustainable livelihood development is a key pillar in our community development endeavours. With the right skills and education, our youth can play a pivotal role in shaping the future of Chhattisgarh and India. Through the Vedanta Skill Schools, we aim to foster avenues for skill development among the local youth, helping them avail opportunities to learn employable skills, thus paving way for their financial security and holistic development. BALCO believes in enabling each individual in the community with the resources they need to empower themselves, and our various community development programmes are aligned to that vision.”

Expressing her gratitude, Santoshi Dhurve, a student of the Vedanta Skill School who is now employed in an eminent textile industry, says, “I am deeply thankful to the Vedanta Skill School for enabling me to take care of my family independently. The institute has been instrumental in transforming my life and making me self-reliant.”

Sandeep Kumar Rai, HR Manager at Hotel Babylon International in Raipur, which recruits from Vedanta Skill School, says, “I would like to appreciate the skill development programme of BALCO. The candidates of Vedanta Skill School working in our organization have displayed exemplary professional skills. I would also like to refer the candidates from this institute in my peer community as well.”

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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