BALCO sets benchmark among Indian Aluminium Industry in Perform, Achieve & Trade (PAT) Cycle-II scheme
24th August 2021
- Receives the highest Energy Saving Certificates among peer aluminium producers in PAT Cycle-II scheme by the Ministry of Power, Govt. of India
Balconagar, Korba, August 24, 2021: 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.”
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 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., 2.29 million tonnes in FY23. 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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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.
