BALCO recognized in ‘The Economic Times Best Brands 2020’
BALCO recognized in ‘The Economic Times Best Brands 2020’ – Bharat Aluminium Company (BALCO), a statesman in Aluminium production, was recently recognized together of The Economic Times Best Brands 2020.
The prestigious recognition, synonymous with consumer trust and quality, reiterates BALCO’s value as a brand that of being innovative, trustworthy, unique, ethical, adaptable, and delivering the simplest quality products and services to its consumers and channel partners. The “Best Brands 2020” features successful brand stories and descriptions the DNA of brands, their iconic core values, and their commitment to socio-economic development.
The conferring of this recognition is an esteemed representation of the strong positioning of BALCO’s reputation within the ever-challenging business environment that puts its products at par with global competitive brands. BALCO, one among India’s pioneering Aluminium producers is owned 49% by the govt of India and 51% by Vedanta Limited. The brand’s Korba (Chhattisgarh) plant operates a 0.57 million tonne once a year Aluminium smelter and is additionally a pacesetter in value-added Aluminium products that find critical applications in core industries. With its world-class smelter and power plants, the corporate fulfills its mission of spurring emerging applications of Aluminium because the ‘Metal of the Future’ for a greener tomorrow.
We are extremely honoured that BALCO has been conferred the distinguished “Best Brands 2020” recognition. this is often a sworn statement to the collaborative effort of each single stakeholder related to the brand. A frontrunner in transforming the socio-economic landscape of Korba, BALCO’s turnaround created a 360-degree multiplier effect leading to the economic progress of the regional businessmen comprising over 5,000 local businesses.
BALCO, one among India’s pioneering Aluminium producers, has always been a frontrunner in India’s Aluminium production at the worldwide scale. it’s also humbling that BALCO has been instrumental in bringing its areas of operations in rural Chhattisgarh, that were earlier quite impoverished, into the developmental and economic mainstream of the country.
As is that the characteristic of any sustainable venture, the brand has undertaken several development projects under the themes of sustainable livelihood, women empowerment, healthcare, education, afforestation, conservation , agriculture programs benefiting over 1,50,000 people within the region and beyond. BALCO is additionally credited with planting over 41 lakh trees within the surrounding regions, thus increasing the green cover substantially.
In the changing paradigm of social fabric thanks to the pandemic, BALCO is additionally helping communities sustain their lives and livelihoods, working in close coordination with the district and native administration. The turnaround of the corporate and therefore the community that lives with it, that’s now a case study for India.
Today, as BALCO upholds its ethos of zero harm, zero discharge, and 0 waste, it continues its operations adhering to the very best standards of business excellence.
Forward-looking and future ready as the stakes were trading in BSE at Rs.95 as compared to the previous close Vedanta of Rs. 95. the entire number of shares traded during the day was 1580172 in over 7147 trades.
The stock hit an intraday high of Rs. 97.95 and intraday low of 94.55. internet turnover during the day was Rs. 151661598.
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