Company: Bharat Aluminium Company Limited Company Description: BALCO was incorporated in year 1965 as the first Public Sector Undertaking (PSU) in India and since then it has been closely associated with the Indian Industrial Growth. Th strategic acquisition of BALCO in 2001 by Sterlite Industry, a Vedanta Group company, led to a turnaround of an unprecedented scale and BALCO became one of India’s greatest privatization success stories. Nomination Category: Company / Organization Categories Nomination Sub Category: Company of the Year - Metals & Mining - Large
Nomination Title: Bharat Aluminium Company Limited
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2020, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
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Achievements of BALCO -
1.BALCO smelter 1 has acheived benchmarking values among indian and gulf countries for parameters like current efficiency and power consumption
2.BALCO is one of the leading wire rod manufacturers in the world
3.BALCO produced T4 Rods for the very first time in the year 2021 apart from producing Alloy Rods, EC Rods and Flip Coils.
4.BALCO is also deploying industry-leading digital technologies, creating super alloys to support the country’s emerging applications of aluminium to make aluminium usage comparable to those of the developed countries in the world
5. Bharat Aluminium Company Limited (BALCO), India’s iconic Aluminium producer, has welcomed seven transgender professionals into its workforce. The company became the first in Chhattisgarh to induct LGBTQIA+ employees, when it hired four transgender employees for operating forklifts at its Cast House, in March this year. Recently, BALCO inducted three more transgender employees, this time in its Security function.
6.BALCO has developed an Extended Reality (XR) experience zone to augment safety training for its employees and partners. The zone makes use of Virtual Reality, Augmented Reality and Mixed Reality technologies to enable simulation-based training, thus ensuring an immersive, engaging and safe learning experience for the workforce. 7.BALCO secured the coveted top spot with the highest Energy Saving Certificates
8.BALCO topped among Aluminium Sector in India - PAT Cycle 2 21-22 driven by Ministry of Power
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 159 words used.
History and Past Performance -
Laying the foundation stone -
Aluminium, the green metal, is vital for the growth and progress of any nation. Realising this importance of the metal, India’s first Prime Minister Pandit Jawaharlal Nehru, conceived the establishment of Bharat Aluminium Company Limited (BALCO). BALCO was founded in 1965 as a Public Sector undertaking in Korba, Chhattisgarh as an Aluminium complex with a production capacity of 1 lakh tonne/annum along with a power generating facility of 270 MW with the vision of contributing significantly towards development of country.The strategic acquisition of BALCO in 2001 by Sterlite Industry, a Vedanta Group compnay, led to a turnaround of an unprecedented scale and BALCO became one of India’s greatest privatisation success stories. The Vedanta group has a 51% stake in the company, and the Government of India has a 49% stake. Today, BALCO stands tall as India’s iconic producer of a vital raw material for the country – Aluminium.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2020 that you wish to bring to the judges' attention (up to 250 words):
Total 233 words used.
Achievements of BALCO -
1.BALCO smelter 1 has acheived benchmarking values among indian and gulf countries for parameters like current efficiency and power consumption
2.BALCO is one of the leading wire rod manufacturers in the world
3.BALCO produced T4 Rods for the very first time in the year 2021 apart from producing Alloy Rods, EC Rods and Flip Coils.
4.BALCO is also deploying industry-leading digital technologies, creating super alloys to support the country’s emerging applications of aluminium to make aluminium usage comparable to those of the developed countries in the world
5. Bharat Aluminium Company Limited (BALCO), India’s iconic Aluminium producer, has welcomed seven transgender professionals into its workforce. The company became the first in Chhattisgarh to induct LGBTQIA+ employees, when it hired four transgender employees for operating forklifts at its Cast House, in March this year. Recently, BALCO inducted three more transgender employees, this time in its Security function.
6.BALCO has developed an Extended Reality (XR) experience zone to augment safety training for its employees and partners. The zone makes use of Virtual Reality, Augmented Reality and Mixed Reality technologies to enable simulation-based training, thus ensuring an immersive, engaging and safe learning experience for the workforce. 7.BALCO secured the coveted top spot with the highest Energy Saving Certificates
8.BALCO topped among Aluminium Sector in India - PAT Cycle 2 21-22 driven by Ministry of Power
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 64 words used.
Bechmark data achieved by BALCO smelter in terms of Current efficiency and power consumptions -
Benchmarking Data
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Parameters
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UOM
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Vedanta Jharsugda
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BALCO
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NALCO
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Aditya Birla
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Mahan
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Technology
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-
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GP-3XX
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GP-3XX
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AP-18
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AP-36
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AP-36
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CE
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%
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94.28
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95.00
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93.80
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94.67
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94.27
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DC Power Cons
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KWH/MT
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13233
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13039
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13560
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13390
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13408
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Total AC Power Cons
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KWH/MT
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13873
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13647
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14170
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14049
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14152
|
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 126 words used.
Past Performance or Many firsts BALCO has achieved as an Organization -
- First to produce Alloy Rods for conductors used in power transmission industry
- First to roll material for Aerospace in the Country
- First to produce largest Billet of diameter – 800 mm, length – 6 MT
- First to set up the widest Hot Rolling Mill
- First to set up the widest Hot Rolling Mill in India
- First to roll material for Aerospace in the Country
- BALCO specializes in Hot Rolled Products
- BALCO has one of the oldest mills in the world: Technology from Russia, USA and Italy
- BALCO has became the first in Chhattisgarh to induct LGBTQIA+ employees, when it hired four transgender employees for operating forklifts at its Cast House, in March this year.
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