NewsCorporate ActionsBALCO Achieves Milestone: Enters Million Tonne Club with India's Largest SmelterBALCO Achieves Milestone: Enters Million Tonne Club with India's Largest Smelter
Bharat Aluminium Company Limited (BALCO), a Vedanta Aluminium subsidiary, has produced the first metal from India's largest 525 kA smelter at its Korba plant in Chhattisgarh. This achievement marks BALCO's entry into the global 'Million Tonne Club'. The expansion project increases BALCO's total aluminium production capacity to 1.00 MTPA, contributing over 20% to India's total aluminium production. Vedanta Aluminium's total capacity will rise to 2.80 MTPA. The project involved collaboration with industry leaders including Larsen & Toubro, ABB, Siemens, and Guiyang Aluminium Magnesium Design & Research Institute.
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Bharat Aluminium Company Limited (BALCO), a subsidiary of Vedanta Aluminium, has marked a significant milestone in India's aluminium industry by producing the first metal from the country's largest 525 kilo Ampere (kA) smelter at its Korba plant in Chhattisgarh. This achievement not only sets a new benchmark in Indian aluminium production but also propels BALCO into the prestigious global 'Million Tonne Club'.
Record-Breaking Smelter Capacity
The newly commissioned 525 kA smelter surpasses the previous Indian record of 378 kA, showcasing BALCO's commitment to technological advancement and increased production capacity. This development is part of BALCO's ambitious expansion project aimed at reaching a production capacity of one million tonnes per annum (MTPA).
Expansion Details
The expansion project includes the following key points:
- New potline capacity: 0.435 MTPA
- Total aluminium production capacity: 1.00 MTPA
- Contribution to India's total aluminium production: Over 20%
Impact on Vedanta Aluminium
BALCO's expansion has significant implications for its parent company, Vedanta Aluminium:
- Vedanta Aluminium's total capacity increase: To 2.80 MTPA
- BALCO's position: Key contributor to Vedanta's aluminium portfolio
Collaborative Effort
The successful implementation of this project was made possible through collaboration with several industry leaders:
- Larsen & Toubro
- ABB
- Siemens
- Guiyang Aluminium Magnesium Design & Research Institute
Industry Significance
This development is noteworthy for several reasons:
- Technological Advancement: The 525 kA smelter represents a significant leap in India's aluminium smelting technology.
- Production Capacity: BALCO's entry into the 'Million Tonne Club' strengthens India's position in the global aluminium market.
- Economic Impact: The increased production capacity is likely to boost employment and contribute to the local and national economy.
Conclusion
BALCO's achievement in commissioning India's largest aluminium smelter marks a pivotal moment in the country's industrial landscape. As the company ramps up production to its full capacity, it is poised to play a crucial role in meeting the growing demand for aluminium both domestically and internationally.
Historical Stock Returns for Solve Plastic Products
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