History

MALCO Energy Limited (MEL) (formerly known as The Madras Aluminium Company Limited) was established in 1965 at Mettur Dam, near the city of Salem, Tamil Nadu in collaboration with Montecatine of Italy. MEL was the only integrated primary Aluminium Metal complex in the entire South India with its own captive mining, refining,  smelting and power generation operations.

MEL was taken over by the Vedanta group in 1995 through BIFR Rehabilitation Scheme and the new management has re-written the success story of MEL. As the Company’s net worth turned positive, it was delisted from the purview of BIFR in the year 1997. The Company has ploughed its entire internal accruals towards diversification and modernization.

MALCO has a state-of-the-art, coal-based Captive Power Plant at the same location which was commissioned in the year 1999. In the year 2004 MALCO augmented its smelter capacity from earlier 25,000TPA to 40,000TPA.

In the year 2008 we thought it prudent to change the business model from that of aluminium manufacture to power generation considering various techno-economic factors and non-availability of key raw materials. MEL grabbed this opportunity and scaled generation by commissioning a new unit for wheeling a larger power output for external sales which was more value accretive.
The Company has shown exemplary resilience in adapting to the new power business model. 

Based on the approval to the Scheme of Amalgamation and Arrangement by the Hon’ble Court and other competent authorities, the Power Business Undertaking of erstwhile The Madras Aluminium Company Limited (MALCO) has been hived off to Vedanta Aluminium Ltd w.e.f. 01-04-2012 and Residual MALCO (excluding power business) was merged with Sesa Sterlite Ltd w.e.f. 17-08-2013.  Subsequently, the Ministry of Corporate Affairs have accorded approval to change the name of ‘Vedanta Aluminium Limited’ to ‘MALCO Energy Limited’ with effect from October 24, 2013.   

 

Currently MALCO Energy Limited is operating its Thermal Power Plant and supplying entire power to TANGEDCO and other HT industries.

MEL is  having Certification for all the three Management Systems viz., Occupational Health and Safety (OHSAS 18001), Environment (ISO 14001) and Quality (ISO 9001)  and the Systems are upgraded to the latest version viz., ISO 9001 ( 2008 version), OHSAS 18001 ( 2007 version) and ISO 14001 ( 2004 version).