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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’s Wish Tree Initiative Spreads Joy Among Children in Neighboring Communities

12th February 2024

Balconagar, February 12, 2024: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, organized its annual Wish Tree Campaign to spread joy among community members in its vicinity. The Wish Tree Campaign seeks to bring happiness to children in communities by collecting their gift wishes and fulfilling them through the generous participation of BALCO’s employee volunteers.

Now in its third consecutive year, this initiative witnessed active participation yet again from both BALCO’s employees and community members spread across 16 neighboring villages, with over 400 heartfelt wishes collected. The wishes primarily came from children in the 3-10 years age group. These children expressed simple desires, ranging from pencil boxes, clothing, schoolbags, to shoes and other necessities. More than 260 BALCO employees stepped forward to help spread the culture of giving and personally fulfilled these wishes, by purchasing and distributing the gifts and being rewarded with a profound sense of satisfaction.

Speaking about the initiative, Mr. Rajesh Kumar, CEO and Director, BALCO, said, “At BALCO, we are unwavering in our commitment to make a positive impact on the lives of our local communities through robust community development programs. Recognizing children as the architects of our future, we understand the vital role of nurturing their potential through initiatives both big and small, encouraging the holistic development of the community. We have also instilled among our employees a culture of giving back to the community, showcased through innovative initiatives such as the Wish Tree Campaign.”

Shivraj Singh Rathiya, Sarpanch of Chuiya village, appreciating the initiative said, “BALCO’s impactful Wish Tree initiative resonates deeply with our community. The company’s initiatives empower our children, and through this campaign, dreams are not only fulfilled but also encouraged. Through such efforts, BALCO’s commitment to empowerment of our future generations is very evident.”

In addition to the Wish Tree initiative, BALCO’s employees are actively contributing to the holistic development of children in communities through a range of participatory and volunteering activities. From summer camps to winter camps and science exhibitions, BALCO employees actively support a diverse array of skill-building and personality development activities. Throughout the year, employees also conduct remedial classes for children in government schools under Project Connect, BALCO’s dedicated CSR intervention aimed at improving student grades, building teacher capacity, and offering career counseling through employee volunteerism.

BALCO’s steadfast dedication to deploying comprehensive child development initiatives is a testament to its commitment to nurturing a better tomorrow. Through its ongoing community development initiatives, BALCO continues to transform the lives of approximately 1.5 lakh people residing in 123 villages within its operational vicinity.

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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