At the Enterprise Odisha 2021 event, Vedanta Aluminium Business, India's largest producer of aluminium and its value-added products, extended an invitation to aluminium makers to collaborate in its Aluminium Park project, which will be built in Jharsuguda, Odisha.
Vedanta Aluminium has teamed with Odisha Industrial Infrastructure Development Corporation (IDCO) to establish the Vedanta Aluminium Park near its aluminium smelter in Jharsuguda, with the goal of 'Make in India for the World.' Vedanta Jharsuguda is one of the world's largest aluminium smelters, featuring some of the world's most advanced technologies for manufacturing high-quality aluminium. A location near an aluminium smelter where downstream firms set up their manufacturing facilities and draw hot metal from the smelter to make their end-product is known as an Aluminium Park.
Inviting aluminium producers are set to shop at the Vedanta Aluminium Park; Rahul Sharma, CEO - Aluminium Business, Vedanta Limited, stated, "Odisha is crowned as the aluminium capital of the country. With the objective to develop a thriving ecosystem of aluminium-based SMEs and MSMEs in Jharsuguda, Vedanta is committed to supply 3 lakh metric tonnes of aluminium to companies who set up their facilities in our Aluminium Park. The project brings with it three-fold benefit to the state - investments by MSMEs from across the country in the state, creation of large-scale employment opportunities for the local talent, and significant revenue in the form of taxes and duties for the state exchequer."
Water, power, hot metal supply, a dross processing plant, and other amenities will be available to enterprises establishing production units in the park. More crucially, the companies will have access to Vedanta's Jharsuguda smelter's Centre of Excellence and R & R&D Center for downstream aluminium products due to their proximity to Vedanta's Jharsuguda smelter.
Furthermore, having access to high-quality molten metal directly at their processing plants will dramatically cut input costs, resulting in cost-competitive end products that meet worldwide quality requirements. This strategy also assures that the entire value chain's carbon impact is significantly minimized.
The initiative is planned to bring over INR 2,000 crores in investments to Odisha and engage thousands of MSMEs in the ecosystem, generating additional economic value of INR 4,500 crores per year for the state. With a community outreach of more than 4 lakh, the park can offer over one lakh livelihood possibilities in the state.
Vedanta Aluminium Business, a branch of Vedanta Limited, is India's largest aluminium maker, producing half of the country's aluminium in FY21, or 1.96 million tonnes. It is a market leader in value-added aluminium products that are used in a variety of industries. The company achieves its aim of fostering developing aluminium uses as the "Metal of the Future" for a greener tomorrow in India, where it operates world-class aluminium smelters, alumina refineries, and power plants.
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world's major oil and gas and metals businesses, with extensive activities in India, South Africa, and Namibia in areas such as oil and gas, zinc, lead, silver, copper, iron ore, steel, and aluminium and power. Vedanta has made an enormous contribution to nation-building throughout the past two decades. Vedanta's strategy focuses on governance and sustainable development, emphasizing health, safety, and the environment.
Vedanta has created a comprehensive framework for the natural resources sector's ESG leader. Vedanta is dedicated to achieving carbon neutrality by 2050, if not sooner. It has committed $5 billion over the next ten years to help speed up the transition to net-zero energy operations. Vedanta is committed to improving the lives of local people, and giving back is in its DNA. Nand Ghars, the company's significant social impact program, launched.
The Vedanta group has pledged Rs. 5000 crore over the next five years to social impact programs focused on nutrition, women and child development, healthcare, animal welfare, and grass-root level sports under the auspices of the Anil Agarwal Foundation, the umbrella entity for Vedanta's social initiatives. Vedanta and its subsidiaries have been recognized with Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for Excellence in Corporate Governance, People First HR Excellence Award 2020, and 'Company with Great Managers 2020'.
The Government of Rajasthan named Vedanta's flagship Nand Ghar Initiative as the best CSR project. The Bombay Stock Exchange and the National Stock Exchange both list Vedanta Limited.
Visit www.vedantalimited.com for additional details.
Vedanta Aluminium Business, a subsidiary of Vedanta Limited, is India's largest aluminium producer, producing about half of the country's aluminium (1.96 million tonnes per annum) in FY21. Vedanta is a market leader in value-added aluminium products that are used in a variety of sectors. The company meets its purpose of fostering developing aluminium applications as the "Metal of the Future" for a greener tomorrow through its world-class Aluminum Smelters, Alumina Refinery, and Power Plants in India.
