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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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SBharat Aluminium Company (BALCO) appoints Mr. Rajesh Kumar as CEO & Whole Time Director

16th February 2023

Balconagar, 16th February 2023: The Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium Business, recently appointed Mr. Rajesh Kumar as its new CEO and Whole Time Director. Mr. Rajesh Kumar has 36 years of experience in operations, maintenance, project implementation, and productivity improvement in Tata Steel’s Indian and Thai units. Mr. Rajesh Kumar holds a bachelor’s degree in Mechanical Engineering ( B Tech) from Banaras Hindu University ( IIT BHU) and is a gold medalist in finance from XLRI, Jamshedpur, where he did his master’s in business administration( MBA).

Mr. Rajesh has extensive experience in organisational excellence, the implementation of large projects, and the commissioning of new plants. He has made significant contributions to the mergers and acquisitions of numerous companies and has led several manufacturing units to achieve world-class production, productivity, and quality benchmarks. Mr. Rajesh Kumar has overseen a wide range of functions, including profit centres, manufacturing, total quality management, operations, industrial safety, production and quality improvement, project engineering, digitization, logistics, human resource development, financial analysis, leadership and strategy.

Mr. Rajesh Kumar replaces Mr. Abhijit Pati, who will now serve as Vedanta Aluminium’s Chief Transformation Officer. Mr. Pati will play a significant role in the expansion of the aluminium and alumina projects, vertical integration, downstream aluminium business development, and many other areas, in addition to achieving the aspirations of Vedanta’s Center of Excellence and Environmental, Social & Governance verticals. Mr. Pati’s contribution to strengthening Vedanta’s largest greenfield aluminium smelter project in Jharsuguda, Odisha, is a noteworthy addition to his endeavours, in addition to taking BALCO to newer heights in ESG, operational excellence, and human resources.

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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