loading-image Balasore Alloys Limited-Odisha - Company CSR Profile
 

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Wirtgen India Pvt. Ltd

Pune, Maharashtra
 
Balasore Alloys Limited
 
 
 

Last Updated on August 30, 2019

 

Implementing Partners

  • NOCCI
  • District Collector
  • Indian Red Cross Society
  • Direct Implementation
 
 
 

Thematic Areas

  • Eradication Hunger, Poverty, Malnutrition
  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
  • Gender, Equality and Women Empowerment, Senior Citizens Care
  • Environmental Sustainability
  • Promoting national and rural sports, Paralympic, Olympic sports
  • Rural Development
  • Others
 
 
 
 
 

Balasore Alloys Limited

Balgopalpur, Balasore District - 756020 Odisha - India, Balasore, Odisha
 

Sector : Mining Mineral products

International Origin : No

Company Type: Exchange Listed (BSE,NSE)

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2017-2018
1.08 Cr
1.46 Cr
2016-2017
0.40 Cr
0.99 Cr
2015-2016
1.28 Cr
1.11 Cr
View all
 


Financial Insights

Estimated Prescribed CSR Budget FY 2018 - 2019:  INR 1.85 Cr

 

The CSR budget of INR 0.40 Cr from the financial year 2016-17 was carried forward next year (FY 2017-18)


Company’s Statement for unspent in FY 2017-18: The Company could not spend the entire amount and left Rs. 0.78 Cr. as unspent because the Projects undertaken under CSR activities are at initial stage and therefore the Company could not spend the minimum spending of 2% of the average net profits of the last three financial years. The Company will spend the unspent amount during the financial year 2018-19.

 

About The Company

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 72MVA to produce 1,50,000 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 IMS(Integrated Management System) 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.

 

Headquarter and Plant/Office Locations

Headquarter: Balasore-Odisha
 
Plant/Office Locations: Kendujhar-Odisha, Jaipur-Rajasthan,
 

CSR Projects of the Company

 
Education Promotion
Project Budget: INR 0.08 Cr
The Company contributed towards Promoting Education by carrying out various programs like installati....
 
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Drinking water facility
Project Budget: INR 0.05 Cr
The Company contributed towards the provision of drinking water by carrying out various projects lik....
 
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Sanitation Programs
Project Budget: INR 0.17 Cr
The Company contributed towards the Sanitation Programs by carrying out initiatives like Pond cleani....
 
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Enhancing Rural Areas
Project Budget: INR 0.45 Cr
The Company contributed to the Rural Development by carrying out Construction of roads; Construction....
 
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Aahar Yojna
Project Budget: INR 0.05 Cr
The Company has contributed some amount of money in Aahar Yojna for eradication of hunger through di....
 
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Swachh Bharat Abhiyan
Project Budget: INR 0.01 Cr
The Company has contributed some amount of money for construction of temporary urinals and construct....
 
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Youth Development
Project Budget: INR 0.05 Cr
The Company has spent some amount for Construction of Vocational Training Centre, Construction of Sp....
 
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Promoting Education
Project Budget: INR 0.04 Cr
The Company has contributed for Providing of Desks & Benches, Setting-up of Computer system in t....
 
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Drinking Water Facilities
Project Budget: INR 0.07 Cr
The Company has contributed some amount of money for Installation of Bore Well, Water Purifier Machi....
 
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Gender Equality and Women Empowerment
Project Budget: INR 0.01 Cr
The Company has contributed some amount of money for organising of Mushroom Cultivation Training Pro....
 
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Healthcare Activities
Project Budget: INR 0.03 Cr
The Company has contributed some amount of money for Healthcare Projects Organising of Blood Dona....
 
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Environmental Activities
Project Budget: INR 0.12 Cr
The Company has contributed some amount of money for various Environmental Projects. Observation ....
 
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Tribal Development Projects
Project Budget: INR 0.02 Cr
The Company has contributed some amount of money for various Tribal Development Projects Distribu....
 
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Rural Development Projects
Project Budget: INR 0.18 Cr
The Company has contributed some amount of money for various Rural Development Projects as follows:-....
 
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Water Supply & drinking Facility
Project Budget: INR 0.24 Cr
The Company has spent some amount of money in Construction of operation theatre at Balasore Rotary E....
 
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Promoting Rural Sports
Project Budget: INR 0.04 Cr
The Company has spent some amount of money for Organizing tournaments, Sports & games & cult....
 
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Rural Development Projects
Project Budget: INR 0.65 Cr
The Company has spent some amount of money in Installation of tube well, Street lights, Costruction ....
 
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Environmental activities
Project Budget: INR 0.33 Cr
The Company has spent some amount of money for Avenue Plantation at Balasore Municipality Area, Free....
 
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Promoting Education
Project Budget: INR 0.02 Cr
The Company has spent some amount of money in Training on mushroom cultivation, Weight Grinder to wo....
 
More CSR Info >>
 
 
 

 
 

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Wirtgen India Pvt. Ltd

Pune, Maharashtra