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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 Brings Joy to underprivileged children in Local Community

23rd February 2023

Balconagar, 23rd February 2023: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, helped spread joy to the families living in its vicinity recently through its annual Wish Tree Campaign. Now in its second edition, the initiative is focused on bringing joy to children from economically challenged families in the local community by collecting their gift wishes and fulfilling them through the generosity of BALCO’s employee volunteers.

The Wish Tree initiative received an overwhelming response again this year, with over 400 wishes collected from the community. More than 200 BALCO employees came forward to bring these earnest wishes to reality, while the Ladies Club of BALCO also volunteered their time and resources to fulfil the collected wishes. Simple but important gifts such as pencil boxes, clothing, schoolbags and others were distributed to the children as per their age and expressed needs.

The campaign also had a special focus on fulfilling the wishes of specially abled children from Divya Jyoti School and Baal Grah (Child Care Home). The Wish Tree Campaign has become a yearly tradition at BALCO, reaffirming the company’s commitment to making a positive impact on the lives of its surrounding community members. Through its community development initiatives, BALCO is actively transforming the lives of around 1.5 lakh people living within 123 villages lying in its operational vicinity.

Speaking about the initiative, Mr. Rajesh Kumar, CEO and Director, BALCO, said, “At BALCO, we are dedicated to making a positive impact in the lives of our local communities through our community development programs. Our employees have always shown a strong commitment to giving back and supporting those in need. This initiative is a proud representation of our commitment to making a difference. BALCO believes in enabling each individual in the community with the resources they need to empower themselves, and our various community development programs are therefore consistently aligned to the larger vision for shared progress”.

In addition to the Wish Tree initiative, BALCO’s employees are also supporting the community with quality education opportunities through Project Connect. Initiated in the year 2016, Project Connect aims at supplementing the community’s need for quality education especially in Science, English, Mathematics and Accountancy (SEMA) through field instructors and volunteers from amongst BALCO’s employees. The project focuses on improving the learning ecosystem in government schools by creating an enabling environment for improving students’ grades, capacity building of teachers and career counselling, through employee volunteerism. More than 2500 students, between classes 9-12 have benefitted from regular and remedial classes.

BALCO’s success in community development has been recognized through accolades such as the ICC Social Impact award, SABERA Award 2021 & 2022, the prestigious Mahatma Award 2022 for CSR excellence, and the Best CSR initiative award on Menstrual Health management for their project Nayi Kiran at 3rd MHM India Summit 2023.

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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