Balasore Alloys was incorporated in the year 1984 at Balasore, Orissa. It was formerly Ispat Alloys and is part of the renowned Ispat group of companies which is a major business house in the country, promoted by the Mittals. The group’s companies are spread across six countries including Libya, Bosnia, Philippines, Azerbaijan and Uzbekistan.
Currently it operates 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.
The company has captive mines in different locations like chromite ore mines in Sukinda Valley at Jajpur Road (Orissa), Manganese Ore Mines in Hathoda (Madhya Pradesh).
The other associate companies of Balasore Alloys are Ispat Industries, Ispat Metallics India, Ispat Profiles India, Gontermann Peipers India, etc.
Business area of the company:
The company is also exporting its products since 1991-92 and continues to supply to countries like Japan, China, Taiwan, Korea, USA, Canada, Brazil, Mexico etc. Its export base has increased from 4 countries in 1991-92 to 12 countries in 2007-08 to 26 countries in 2008.
Balasore Alloys has received ISO-9002, ISO-14001 certification for its plant and ISO-9002 for its mines in Jajpur, Orissa. It follows various modern management initiatives such as six sigma, TPM, supply chain management and performance management systems for improvement of overall efficiency of the company.