Korba: Bharat Aluminium Company (BALCO), India’s iconic aluminium producer, has set industry benchmarks by topping the Perform, Achieve and Trade (PAT) Cycle-II among the Indian Aluminium Industry.
Perform Achieve and Trade (PAT) scheme is a regulatory instrument deployed by the Ministry of Power, Government of India, to reduce specific energy consumption in energy intensive industries with an associated market-based mechanism to enhance cost effectiveness through certification of excess energy savings, which can be traded.
BALCO secured the coveted top spot with the highest Energy Saving Certificates, a testimony of its continuous endeavors towards energy conservation for business and environment sustainability.
Speaking about BALCO’s excellent performance in PAT Cycle-II, Mr. Abhijit Pati, CEO
& Director, BALCO said, “In our commitment towards sustainable and responsible
business development, attaining highest standards of energy efficiency is a critical first step, which we are realizing through deployment of cutting-edge technology and judicious
utilization of resources. BALCO has been an early adopter of smart technologies for
heightened operational efficiencies, which further bolsters the culture of energy optimization, safety, and productivity that we have meticulously fostered across the organization. We are dedicatedly driving the Environment, Social and Governance (ESG) dimensions of sustainability for building a greener tomorrow and, therefore, are actively exploring innovations that can help reduce our carbon footprint as early as possible in the creation process.”
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BALCO relentlessly drives innovation and continuous improvement in its smelting
technology. The company has integrated smart technologies and design modifications in its
potlines like graphitized pot with thermal modelling and other digital interventions, to reduce its specific power consumption. BALCO’s specific energy consumption has been one of the lowest in the aluminium industries across the country.
BALCO has been the recipient of various awards and accolades for its environmental
conservation efforts. For the performance year 2020, BALCO has won the ‘CII Energy
Efficiency Award’, ‘Golden Peacock Sustainability Award’ and ‘CII HSE Excellence Award,
Chhattisgarh’. The company has also bagged ‘International Green Apple Award’ ‘CII Energy
Excellence Award’, ‘Sustainable Business of the year Award’, ‘National Award for Excellence
in Energy Management’ and ‘Energy & Environment Global Environment Award’ in recent years.
Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is
owned 49% by the Government of India and 51% by Vedanta Limited. BALCO is part of
Vedanta’s Aluminium Business, a division of Vedanta Limited, which is India’s largest
manufacturer of aluminium. BALCO operates a 0.57 million tonne per annum aluminium
smelter in Korba, Chhattisgarh. It is also a leader in value-added aluminium products that
find critical applications in core industries. With its world-class smelter and power plants, the company fulfills its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
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 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.
