Vedanta BALCO recognized for its efforts towards energy conservation under PAT scheme11th April 2023
New Delhi; 11th April 2023: The Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer and a subsidiary of Vedanta Aluminium, has been awarded the ‘PAT Top Performer’ award for its efforts towards energy conservation under the Government of India’s Perform, Achieve, and Trade (PAT) Scheme. The award was presented by the Hon’ble Minister of Power, New & Renewable Energy, Shri R K Singh, on the occasion of the 21st Foundation Day of the Bureau of Energy Efficiency (BEE).
PAT is a scheme implemented under the Bureau of Energy Efficiency to encourage energy-intensive industries to reduce their Specific Energy Consumption, with an associated market-based mechanism whereby companies can trade certificates earned on the basis of excess energy savings. BALCO is recognized as a Top Performer Designated Consumer for the Aluminium Sector for PAT Cycle-II, with the highest number of Energy Saving Certificates (ESCerts) under the National Mission for Enhanced Energy Efficiency (NMEEE).
Speaking about the award and BALCO’s excellent performance in PAT Cycle-II, Mr. Rajesh Kumar, CEO & Director, BALCO said, “BALCO aspires to be at the forefront of sustainable business practices and be the benchmark for the aluminium industry. Our commitment to climate action has seen us deploy the most resource and energy processes, such as adoption of clean technologies and inclusion of renewable energy in our energy mix. Receiving the Government of India’s PAT Top Performer Award is a testament to these principles of sustainability that are deeply embedded in our production processes.”
BALCO has introduced 100% graphitized cathodes in potrooms and also undertaken pot controller upgradation in its potlines, which has resulted in a significant reduction in its specific power consumption under PAT Cycle II. The company has been successful in increasing savings in its specific energy consumption from 2% to 36% during PAT Cycle II and making a significant mark on energy efficiency under the PAT scheme.
With these innovations and design modifications, BALCO has established itself as one among the most energy-efficient companies in the country, and an industry benchmark in energy efficiency. The company has bagged several energy and sustainability awards for its energy-efficient processes in recent years, which is a testimony to its continued commitment towards building a greener tomorrow.
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. 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 FY22. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for aluminium industry, a reflection of its 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.
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 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for aluminium industry, a reflection of its 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
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.