The Business Bytes
TBB BUREAU
JHARSUGUDA, DEC 05, 2023
Vedanta Aluminium, India’s largest producer of aluminium, has been conferred with the ‘Best Exporter’ Award at the Odisha State Export Awards for its Jharsuguda smelter’s exceptional performance as the largest exporter of the state, for two consecutive fiscal years 2020-21and 2021-22.
The coveted award was presented by State MSME (Micro, Small & Medium Enterprise) and Energy Minister Pratap Keshari Deb. On behalf of the company, Head (Indirect Taxation) Ashok Kumar Patro and Deputy Head (Taxation – Direct and Indirect) Karan Kumar Agarwal received the award.
To recall, the Jharsuguda Unit o Vedanta Aluminium received the same award in fiscal years 2018-19 and 2019-20.
Thanking Odisha Chief Minister Naveen Patnaik and the Directorate of Export Promotion & Marketing the prestigious Best Exporter Awards, Vedanta Aluminium Business COO Sunil Gupta said, “Vedanta Aluminium has been a longstanding partner to state’s socio-economic advancement with substantial contributions towards the state’s GDP, employment, and quality of life. Our Jharsuguda smelters play a pivotal role, single-handedly producing over one-third of India’s aluminium, bolstering the state government’s ‘Make in Odisha’ initiative. We take great pride in being Odisha’s partner in progress, committed to leveraging our assets to establish the state as a global hub for aluminium production.”
At 1.8 million tonnes per annum aluminium production, Vedanta Aluminium’s Jharsuguda plant is the largest aluminium plant in the world, ex-China. It is a national asset that is at the forefront of producing a diverse range of high-quality aluminium products, including billets, ingots, wire rods, primary foundry alloys, and more. These products play a crucial role in vital industries such as aerospace, automotive, construction, electrification, and transportation, contributing to the company’s global reach, with customers in 60 countries. The plant has put the state of Odisha on the world map as a top aluminium producer and made India a leading exporter of the world’s second most important metal, aluminium. The plant leverages state-of-the-art technology, earning global acclaim for the exceptional quality and performance standards of their offerings.
Notably, Vedanta Aluminium has achieved a remarkable milestone by introducing India’s first low-carbon aluminium, branded as ‘Restora’ and Restora Ultra (ultra-low carbon aluminium) marking a pioneering achievement in the state. Reaffirming its dedication to bolstering the quality and sustainability standards of its extensive product range, the company is the first in the Indian aluminium industry to secure the Bureau of Indian Standards (BIS) certification for several of its aluminium products as per the available BIS quality standards. Additionally, the company’s commitment to sustainability is recognized by esteemed international bodies like Environmental Product Declaration (EPD) International and the Aluminium Stewardship Initiative (ASI), thereby strengthening Odisha’s position on the global industrial map.
Vedanta Aluminium has been widely hailed for bringing remote regions of Odisha into the socio-economic mainstream, while also contributing nearly 5 per cent to the state’s Gross State Domestic Product (GSDP).
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.29 million tonnes in FY23. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 2nd in the Dow Jones Sustainability Index (DJSI) 2022 world rankings for aluminium industry, a reflection of its sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.
