BALCO Partners with Shree Cement Limited to supply 90,000 metric tonnes of fly ash for cement production
11th May 2024
Balconagar, May 11th, 2024: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a unit of Vedanta Aluminium, recently signed a Memorandum of Understanding (MoU) with Shree Cement Limited. This partnership facilitates the dispatch of fly ash from BALCO to Shree Cement Limited to produce low-carbon cement. The agreement involves supplying 90,000 metric tonnes of fly ash, facilitating a significant collaboration for the sustainable utilization of fly ash in the cement industry, thereby promoting circular economy avenues.
Fly ash is a by-product of thermal power generation which has significant potential for beneficial reuse across multiple industries. Utilizing fly ash in cement manufacturing can save approximately 500 kg of carbon emissions, 3.2 million GJ of energy, and 250 litres of water per ton. This practice will contribute to the adoption of sustainable methods within the cement industry, fostering a collaborative approach towards the responsible management of fly ash across industries.
Fly ash finds application in diverse realms such as brick manufacturing, road construction, infrastructure projects, and agriculture. In alignment with BALCO’s commitment to ‘Transform the Planet’, the company has been actively supplying fly ash to various industries, encompassing brick and cement plants, road and infrastructure projects, mines, and more. In FY24 alone, BALCO has supplied more than 4 million metric tonnes of fly ash to support these sectors. These efforts have culminated in a remarkable 141% ash utilization, highlighting our commitment to maximizing resource efficiency and environmental sustainability.
Mr. Rajesh Kumar, CEO, BALCO, highlighted the significance of the collaboration with Shree Cement Limited, stating, “At BALCO, we are dedicated to promoting circular economy avenues to minimize, recycle, and repurpose industrial byproducts, reflecting our steadfast commitment of ‘Transforming for Good’. We recognize the increasing demand for sustainable solutions across industries. Fly ash has emerged as a sustainable raw material to many industries, offering valuable environmental and economic benefits. Redirecting our fly ash as a raw material drives economic growth and reflects our shared responsibility for sustainability.”
Mr. Sanjay Mehta, Chief Procurement Officer from Shree Cement Limited, expressed enthusiasm about the partnership, highlighting the mutual benefits it brings. “Partnering with BALCO aligns with our commitment to sustainable practices. Using fly ash in cement production reduces pressure on the finitely available natural resources, cuts carbon emissions and promotes circular economy. This partnership will add to our efforts at sustainably sourcing alternative raw material for our operations. We aim to expand such collaborative efforts in the future.”
Bharat Aluminium Company Limited (BALCO) is India’s iconic aluminium producer. It is owned 51% by Vedanta Limited and 49% by the Government of India. BALCO is part of Vedanta’s Aluminium Business, a division of Vedanta Limited, which is India’s largest manufacturer of aluminium. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its sustainable development practices. 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 and Namibia. 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. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s 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. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 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.vedantaaluminium.com
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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.
