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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 conferred with the prestigious CSR Journal award

21st March 2022

Balconagar, March 21, 2022: Bharat Aluminium Company Limited (BALCO), India’s iconic Aluminium producer, BALCO has been awarded with the prestigious CSR Journal Excellence Award in the category of ‘Agriculture and Rural Development’ for the Project Mor Jal Mor Maati. This is BALCO’s flagship program in the domain of sustainable livelihood. The project is aimed at benefitting farmers by edifying them about modern agricultural techniques along with supporting them by providing resources. More than 1000 farmers are associated with the project, covering over 800 acres of land by enhancing their production and diversifying their source of income.

The CSR Journal Excellence Award was conferred by Honorable Governor of Maharashtra, Mr. Bhagat Singh Koshyari, in a ceremony held at Mumbai, for innovative interventions in the area of agricultureThe CSR Journal is a digital and print news publication which covers developments in the domain of Corporate Social Responsibility. The 4th edition of CSR Journal Excellence Awards 2021 acknowledged the corporates and NGOs for their innovativeness and best practices in CSR.

Speaking about the CSR initiatives of BALCO, Mr. Abhijit Pati, CEO and Director, BALCO, said, “BALCO is committed to extending every possible support to the local communities through our community development programs. Our Project Mor Jal Mor Maati is playing an important role in transforming the lives of farmers by helping them take advantage of modern agricultural techniques. The project entails two pronged benefits of diversifying farmers’ sources of income and enabling them to strengthen the food security in their families, the region and nation at large.”

Dr S Shrivastava, Regional Head, Action for Food Production (AFPRO), said, “AFPRO has been associated with BALCO for effective management of natural resources and its allied sector interventions for socio-economic development of the farming community and environment as well. The positive impact on the society is the result of BALCO’s vision and strong support to farmers during the implementation process. AFPRO team is grateful for the dedicated efforts of BALCO towards the socio-economic development of local communities.”

BALCO is taking long strides in bringing about holistic development of the region which is testified through various accolades such as ICC Social impact award, SABERA Award 2021 and Greentech CSR India Award 2021.

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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