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
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
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).