The Business Bytes
TBB BUREAU
NEW DELHI, DEC 7, 2021
Vedanta Aluminium Business, India’s largest producer of aluminium and its value-added products, has on Tuesday extended invitation to aluminium producers at the Enterprise Odisha 2021 event for partnering in its Aluminium Park project which will come up at Jharsuguda in Odisha.
Vedanta Aluminium has partnered with Odisha Industrial Infrastructure Development Corporation (IDCO) to set up the Vedanta Aluminium Park near its aluminium smelter in Jharsuguda.
The park will offer facilities such as water, power, hot metal supply, dross processing plant, as well as other benefits to companies that set up their manufacturing units in the park.
More importantly, proximity to Vedanta’s Jharsuguda smelter will ensure that the companies have access to Vedanta’s Centre of Excellence and R&D Centre for downstream aluminium products. Furthermore, availability of high-quality molten metal directly to their processing units will reduce input costs significantly, making the final products cost-competitive and at par with global quality standards. This model also ensures that the carbon footprint of the entire value chain is substantially reduced.
Inviting aluminium producers to set up shop at the Vedanta Aluminium Park, Rahul Sharma, CEO – Aluminium Business, Vedanta Limited, said, “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.”
The project is expected to attract investments of over Rs 2,000 crore to Odisha and engage thousands of MSMEs in the ecosystem, thereby bringing in additional economic value to the tune of Rs 4,500 crore to the state annually.
The park has potential to create over one lakh livelihood opportunities in the State, with a community outreach of more than 4 lakh.
Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing half of India’s aluminium i.e., 1.96 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. 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.
