CORPORATE SOCIAL RESPONSIBILITY

Balasore Alloys believes that any progressive activity cannot be carried out without sustainable development and growth of the

society as a whole. Keeping in mind of this fact our Company discharges its social responsibilities in a proactive manner with the

help of its dedicated team. The CSR activities have been aligned with the Vision of the company and the activities are being carried

out regularly. Some of the initiatives undertaken during the year are given below:

a. Assistance to poor and needy.

b. Environmental protection through tree plantation.

c. Drinking water facility in the neighbouring villages.

d. Street Light facility in the neighbouring villages.

e. Health Check-up Camp.

f. Distribution of Blanket in winter.

g. Construction of Class Rooms in School.

Technology Adoption

Balasore Alloys

The company adopts the most advanced technologies into its manufacturing process to ensure desired quality of its products. The advanced process technology and sophisticated equipment have been acquired from World leaders of Metals & Ferro Alloy equipment like ELKEM, MINTEK, Tenova-Pyromet.

The manufacturing process is fully automated using advanced control systems acquired from Rockwell Automation. SCADA systems were introduced way back in 1989 and same has been upgraded to new generation “control Logix” system of Rockwell Automation 2007 to facilitate operation of furnace electrode, weighing and batching system to maintain the consistency of the operation.

A highly sophisticated real-time computerized system enables better monitoring and control of all aspects of furnace operation. Sophisticated web-based real-time monitoring systems enable the production team to monitor the process from anywhere across the globe.

The manufacturing process is power intensive and power is sourced from the regional grid. The company has a full fledged automated “Metal Recovery Plant” to extract the entrapped metal from slag which is a major initiative in waste recovery and environmental protection. The company also has an automated Chrome Ore Beneficiation plant to enrich low grade Chromite ore with a throughput of 20 MT/Hr at its Mines.

Closed Circuit TVs has been installed at various strategic locations of the plant not only to monitor the processes but also to monitor the safety of man and machine.

Vision, Mission & Values

http://www.balasorealloys.com/

Vision : 

To be a globally trusted supplier of Ferro-alloys as well as to create sustained value addition for all stake holders.

Mission : 

Managing our business with integrity and highest ethical standard. Acting in a socially responsible manner with particular emphasis on the wellbeing of all stake holders and communities we serve. Adopting new technologies, initiatives, continuous learning and innovation for productive use of all resources.

Values : 

Accountability - We hold ourselves, individually and together accountable for our actions and performance.

Collaboration - We believe in the value of team work and spirit of cooperative effort.

Customer Focus - Our top most priority is to achieve customer satisfaction through the quality of our product and services.

Partnership - We maintain mutually beneficial relationship with channel partners, suppliers and associates through fair compensation

Cost Consciousness - We relentlessly search for opportunities for cost reduction through innovation and creativity.

Integrity - Our actions are guided by honesty, fairness and transparency.

Dignity of Individual - We respect the value and uniqueness of each individual with whom we deal.

About Us

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 ISO-9002, ISO-14001 Certification for its Plant and ISO-9002 for its Mines in 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.