BALCO sets benchmark among Indian Aluminium industry

Balconagar, (Korba), Aug 24: 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, 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.