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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 Announces Inclusive Education Policy for Transgender Employees

16th March 2025

Balconagar, 16th March 2025 – Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and part of Vedanta Aluminium, has reaffirmed its commitment to fostering an inclusive and equitable workplace by announcing a progressive education support policy for transgender employees. The policy offers financial assistance of up to INR 1 lakh for transgender employees pursuing professional education, aiming to bridge the educational gap and create new pathways for growth and development.

The policy is applicable to all transgender employees who have completed 18 months of service. With this initiative, BALCO underscores its belief that true inclusion begins with empowering individuals through access to learning and skills, thereby enabling them to thrive both professionally and personally.

In addition to this policy, BALCO has institutionalized a range of initiatives under its broader Diversity, Equity, and Inclusion (DE&I) charter. There is a gender reaffirmation policy that includes leave for gender reaffirmation and financial support for gender reassignment surgeries. Additionally, there is dedicated housing assistance for transgender employees. Sensitization sessions, and community engagement activities are also regularly conducted to foster a culture of acceptance and awareness across the organization.

Commenting on the initiative, Mr. Rajesh Kumar, CEO and Director, BALCO, said, “At BALCO, we believe that inclusion is not just a policy, it is a value we live by. This education policy is a step forward in building a future where everyone, regardless of gender identity, has equal opportunities to learn, grow, and lead. By supporting our transgender colleagues in their professional aspirations, we are committed to creating a workplace that celebrates diversity and drives meaningful change.”

Suman, a business partner at BALCO working as security personnel, shared,
“I feel truly blessed to have been working at BALCO. It was here that I found the courage and support to opt for the gender reaffirmation policy, something I never imagined would be possible. BALCO gave me the space to embrace my identity with dignity and lead a life of self-respect. Now, with the launch of the education policy, I am inspired to dream even bigger. I’m planning to pursue further education to build a better future, not just for myself, but for others like me who dare to hope.”

Through these efforts, BALCO continues to lead the way in integrating transgender professionals into core functions across departments, reaffirming its belief in equitable representation and a future where every employee is respected, empowered, and uplifted.

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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