Bharat 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 the 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.
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., 2.37 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.
