Ispat Balasore Alloys Limited

Climate Impact & Sustainability Data (2011-04 to 2012-03, 2012-03 to 2013-03)

Total Energy Consumption:351995 (2011-12); 335703 (2010-11) (in '000' units of electricity)

Water Consumption:Reduced from 1300 cu.m./day to 900 cu.m./day

Reduced underground water consumption from 1300 cu.m./day to 900 cu.m./day
Zero discharge model for wastewater (recycled and used in system and horticulture)
Solid waste utilized as a replacement for stone chips
Plantation programme at local villages and mines
Received “GREENTECH ENVIRONMENT SILVER AWARD” in Metal & Mining Sector

Continued pursuit of achieving objectives through adoption and monitoring of corporate strategies and prudent business plans
Comprehensive written code of conduct
Implemented a comprehensive risk management policy
Safety, Health and Environment Policy
Equal Employment Opportunity policy

Medium-term Goals:

Expanding capacity by acquisition of plants and achieving 2,00,000 MT production per annum

Short-term Goals:

Exhausting open cast mining reserves in the next four years and starting underground mining project from April 2013

Steep hike in power tariff
Power supply concerns
Temporary cutbacks in South African ferrochrome production due to power shortages
Downwardly revised economic outlook impacting stainless steel demand
Rising power rates in Odisha

Acquired land, coal linkage, and statutory clearances for setting up a captive power plant
Exploring strategic partners for financial tie-up for projects
Capacity addition project (new Ferro Chrome Furnace projects and acquisitions of idle furnaces)
Underground mining projects for lumpy ore
Efforts to come out of CDR mechanism to tie-up project funding at competitive terms

Plant continues to work on a Zero discharge model as the entire waste water is recycled and is used in the system and horticulture. The solid waste is utilized as a good replacement for stone chips for construction purposes.
Company has strengthened its effort with massive plantation at Mines.

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.
Assistance to poor and needy. Environmental protection through tree plantation. Drinking water facility in the neighbouring villages. Street Light facility in the neighbouring villages. Health Check-up Camp. Distribution of Blanket in winter. Construction of Class Rooms in School.

Company has put in place practices like Code of Conduct, Business Policies, Prohibition of Insider Trading, Risk Management, Safety, Health and Environment Policy, Equal Employment Opportunity.

High input prices - Manganese and Chrome Ores, Coal, Coke and Energy tariff; not getting required prices from the steel producers.
Depleting reserves of Country’s chromite ore.
Rising power rates in the state of Odisha, Rising production of Ferro Chrome in China and depreciation of South African Currency Rand.

Company is putting all its efforts to maximize the Net Sales Realisation by optimizing the domestic and export sales mix. Further your company is focusing on optimum capacity utilization which is a critical factor for achieving sustained profitability and we have been achieving continuously even during adverse situation.
Company has planned to develop its mine with a capacity of 0.6 mtpa through underground method of mining.
Appropriate insurance cover is taken for financial risk mitigation.