perm_identityV.K. Jodhani email@example.com
roomBalgopalpur , Balasore, Odisha - 756020
view_headlineArea of focus
₹CSR Estimated budget ₹12,838,000
Balasore Alloy's, formerly Ispat Alloys Limited is part of the renowned Ispat group of Companies, a major business house in the country, promoted by the Mittals. The groups companies are spread across several countries besides India.
Balasore Alloys was incorporated in the year 1984 at Balasore, Orissa and at present it has 5 furnaces with total capacity of 57 MVA to produce 95,000 MT bulk Ferro Alloys per annum. With multiple furnaces of different capacities, the company has the flexibility to produce different types of Ferro Alloys as per market dynamics. This adds to the competitive advantage of the organization as different product mix can be maintained at the same time even with low quantity. The company has captive mines in different locations like Chromite ore mines in Sukinda Valley at Jajpur Road (Orissa).The mines take care of the Chrome ore requirement of the company. BAL is one of the very few Ferro Alloys manufacturing companies in the country having captive mines and this is a major competitive advantage since availability of Chrome ore is very uncertain and the price is also exorbitant. Other raw materials are sourced from both Domestic and International Markets. The products of the company enjoy international reputation.
The company has QMS(9001:2008), EMS(14001:2004) and OHSAS(18001:2007) certificated for Plant site at Balasore and its Mines at Sukinda Jajpur, Orissa. Various modern management initiatives like Six Sigma, TPM, Supply Chain Management and Performance Management Systems are in place to promote excellence in all areas and improve the overall efficiency of the company.
Corporate Social Responsibility Policy of Balasore Alloys Ltd. (BAL) encompasses the company's philosophy for delineating its responsibility as a corporate citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare & sustainable development of the community at large.
Focus Areas of Engagement:
2) Drinking Water Supply
4) Infrastructure Development
5) Women Empowerment
6) Education Development
Greentech CSR Award - 2015 in Metal and Mining sector organised by Greentech Foundation for the outstanding performance in the field of its Corporate Social Responsibility and initiation for Environmental Conservation.
Best CSR Award was presented to Balasore Alloys Ltd. for the outstanding CSR activities at National level Industrial Exhibition “EXPO ODISHA -2016 organised by , MSME Development Institute, Govt. of India, Cuttack, MSME Department, Govt. Of India
The CSR Department of Balasore Alloys Ltd disturbuted food items to 48 flood affected villages of Remuna Block facilitating around 6365 people.
Mr Anil Shukla(MD) also provided 11 lakh to the Cheif Minister Relief Fund.
Company has invested in multiple healthcare projects. Mega health camps have been organised to benefit around 2000 local people. Free eye cataract surgery camp, Blood donation camp, free vaccination camp, distribution of free medicines, health awareness and promotion programmes, programme for physically challenged person, free ambulance facility, distribution of blankets and mosquito nets to 200 families, etc., are among various initiatives taken towards health care in the year 2015-16.
BAL has taken various infrastructural projects like construction of toilets, street light arrangements and construction of village community centre & common utility service centre in its peripheral areas. The Company has also extended service through the District Administration for the 2015 flood affected people of Balasore & Jajpur districts of Odisha.
Company has taken various initiatives for empowering rural women by providing special training programmes on sewing, mushroom cultivation etc. Around 25 families of Balgopalpur and Sereipur village have been backed with such types of special training programmes. Further, Women's Self Help Groups have also been formed to make them self dependent.
BAL's commitment towards environment balance made to go for an Avenue Plantation drive of 5000 saplings in 16 kms in Balasore Municipality area, 15000 from Mangalpur to Kuhika. Distribution of coconut plants in the peripheral villages of Kaliapani Chromite Mines has been done in 2015-16. Maintenance, watering & wire meshing is being taken up by the company as a step towards sustainable development.
Around 260 families in the catchment areas of the Company were benefitted by hygienic water supply through deep bore wells & VAT, overhead tank, pipe line, maintenance & repairing of existing water supply projects etc.
With the view to enhance and support educational facilities, BAL has distributed computer sets to the nearby schools which have touched the life of 1500 students. Further, company keeps on distributing computers and school kits like bags, etc.
Organised tournaments, sports and games, meetings and cultural events.
Provided sports materials to local teams.