BALCO featured among India’s 150 Premier unlisted companies by Dun & Bradstreet
Korba, Balconagar, July 21: Bharat Aluminium Company (BALCO), India’s iconic aluminium producer,has been featured among India’s 150 Premier Unlisted Companies in Dun & Bradstreet’s India Top 500 Companies 2021 publication, for excellence in organizational culture with focus on Environment, Social and Governance (ESG) for sustainable business development.
Dun & Bradstreet’s ‘India’s Top 500 Companies 2021’ list is an attempt to acknowledge India’s leading companies from various sectors who are the driving force of the Indian economy and frontrunners in the corporate sector. The theme of this year – ‘Layingthe Foundations for an ESG-Ready Corporate India’, was specifically chosen to highlight the pivotal role of ESG in ensuring long-term value creation and business resiliency. Dun & Bradstreet used theirproprietary data to select the companies based on several important parameters such as world class management, high quality aluminum production, customer satisfaction, innovation, community development, environmental conservation, governance, total income, profitability, and market capitalization.
Speaking about BALCO being featured among the 150 leading unlisted companies, Mr. Abhijit Pati, CEO and Director, BALCOsaid,“Such awards and recognition fuel our passion to strive for excellence in ourEnvironmental, Social and Governance imperatives that drive our business aspirations. We adhere to the highest norms of industrial health, safety and environment, community development and governance, with an aim to nurture a Culture of Care that extends to our people, communities, and the environment. We take our role as partners in the country’s growth journey with great pride and have adopted global best-in-class practices and cutting-edge technologies to propel our endeavors towards the same.”
Mr. Naveen Arora, CMD, Hotel Aashirwad Inn, Korba praised BALCO for being committed and dedicated towards the environment and said, “It is incredible to see that BALCO being an industrial belt has not just kept its environment clean but has also maintained and preserved its ecosystem. The best part is that BALCO is doing a fantastic job of nurturing both the Es together i.e., the environment and the economy.”
Beyond operations, BALCO has been dedicated and committed towards providing support and strengthening the district administration and local public representatives in their efforts towards community development. The company has supported more than 5000 MSMEs at the local level. BALCO believes in Zero Harm, Zero Waste and Zero Discharge, and stands steadfast in contributingto nation building. The efforts put in by the company has resulted in a paradigm shift in the standard of living of the people. Among its various community development projects are interventions in providing education, promoting healthcare and self-reliance, enabling women empowerment, infrastructure development in the villages adjoining the area of operation and supporting them to join the mainstream development of the country.
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. Vedanta Limited is the world’s 6th largest diversified natural resources company and the largest producer of aluminium in India. 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.
