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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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Vedanta BALCO recognizes its next generation of young leaders through its V-Reach program

23rd January 2021

Balconagar, Korba, January 23, 2021: To foster the next generation of leaders who will propel the company’s next growth trajectory, Vedanta has launched V-Reach Initiative. The program is anchored by Vedanta’s Vice-Chairman, Mr. Navin Agarwal in line with Vedanta’s seven pillars, focusing on people and growth. Mr. Rahul Sharma, Deputy Chief Executive Officer of Vedanta Aluminium Business on his visit to BALCO recognized & motivated the identified leaders. He congratulated the young leaders and encouraged them on how they will be leading the transformational growth on key drivers such as safety, health, environment, business excellence, quality & innovation with their disruptive thinking and ideas. Mr. Abhijit Pati, CEO & Director, BALCO, along with several BALCO officials were present at the program.

Vedanta group has initiated its flagship leadership program ‘V-Reach’ an industry-leading people practice aimed at identifying, recognizing, and elevating the top talent from the 5000+ employee population, who joined Vedanta as graduates and are the backbone of the business. This one-of-a-kind global best people practice is being well appreciated and endorsed by external stakeholders in the industry and business partners.

Speaking on the future opportunities being provided by Vedanta Group, Mr. Rahul Sharma, Deputy CEO- Aluminium Business, said “In line with the Vedanta Group’s core philosophy of developing ‘Leadership from Within’, the V-Reach Programme is a great launching pad for our high potential talent, giving them opportunities for accelerated career growth. At BALCO, we have identified a strong pipeline of such future leaders. I’m confident that they will leverage their talent, skills & passion to immensely contribute towards further strengthening our business. With our passionate new age leaders, Vedanta will achieve significant momentum and will continue to deliver exceptionally in the fields of operational excellence, safety, sustainability, quality, technology and innovation.”

Mr. Abhijit Pati, CEO & Director, BALCO praised the selected employees to and said that Vedanta group believes in equalization of opportunities. Praising the recognized new generation leaders of BALCO, Mr. Pati said, “The young recognized employees will have leadership opportunities with significant responsibilities in the future.” Citing the example of Mr. Rahul Sharma, Mr. Pati said that in a short span of time, Mr. Sharma has achieved exemplary achievements with his foresight, analytical ability, management skills and passion. He encouraged the young employees and said that they should keep their spirit of progress going forward and continue to contribute towards the transformational growth of Vedanta.

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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