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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 felicitates local farmers in commemoration of Kisan Diwas

22nd December 2022

Balconagar; 22nd December, 2022: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, conducted a felicitation programme for farmers in the vicinity of its operations, in commemoration of Kisan Diwas or National Farmer’s Day. The event was organized as part of BALCO’s ‘Mor Jal, Mor Maati’ agriculture project at Vedanta Agriculture Resource Centre, with the objective of encouraging the farmers to adopt advanced agriculture practices to enhance their yield and income.

BALCO’s flagship initiative, ‘Mor Jal Mor Maati’, is aimed at benefitting farmers by edifying them regarding modern agricultural techniques and substantiating it with resource and knowledge support to enhance crop yields. The major components of the initiative include sustainable agriculture, water management, animal husbandry, fish farming, promotion of non-timber forest produce and lac cultivation.

The top five farmers following the best agricultural practices in ‘cultivation of rice through SRI’, ‘Organic Farming’, ‘Animal Husbandry’, ‘Vegetable Cultivation’ and ‘Best Village Development Committee’ were awarded during the programme. The felicitation ceremony witnessed participation by over 100 farmers from Bela, Dondro, Sangam Nagar, Chuiya, Sonpuri, Bhatgaon, Murdhawa, and other villages.

Talking about BALCO’s developmental interventions supporting the farming community, Mr. Abhijit Pati, CEO & Director, BALCO, said, “The farming community is the backbone of economic development in the region and for the nation at large. It is because of their persistent efforts that we are all able to contribute to the expeditious development of the nation in our respective domains. To further augment their knowledge and skills, we are working with the local farming communities to introduce advanced farming techniques to our farmers. This is not only helping increase their household income but also improving food security in the region.”

Currently, the Mor Jal, Mor Maati project reaches out to over 2,000 farmers, and covers more than 1,500 acres of land. More than 500 farmers have adopted modern agriculture techniques, which has to led to an increase in their average annual income along with an increase in production by almost two times. The technical interventions have led to a reduction in input costs by 35%. Today, almost 60% of farmers in BALCO’s vicinity are using modern farming techniques. The project has also encouraged youngsters to pursue agriculture as a mainstream profession and around 25% of the beneficiaries of ‘Mor Jal Mor Maati’ initiative are young farmers. Apart from this the project also entails convergence with various government departments in order to ensure that farmers avail the benefits of government schemes and policies.

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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