Vedanta Aluminium dispatches first supply of its Restora low carbon aluminium in India
15th November 2023
- With an order of 300 metric tons of Restora Billets, Global Aluminium is the first Indian customer for Vedanta Aluminium’s low-carbon product range
New Delhi; 14th November 2023: Vedanta Aluminium, India’s largest producer of aluminium, has dispatched its first domestic supply of Restora, the nation’s first-ever low-carbon ‘green’ aluminium, to Global Aluminium Pvt Ltd, a leading aluminium extrusion company based in Telangana. As part of the order, the company will supply 300 metric tons of Restora Billets to Global Aluminium, making it the first domestic customer of what is likely among the most sustainable products from the domestic primary aluminium industry today. The agreement thus also marks a significant milestone in the industry’s accelerated journey towards decarbonising its value chain, and will be fulfilled through Vedanta Aluminium’s mega smelter situated in Jharsuguda, Odisha.
Vedanta Aluminium is demonstrably the first in India to offer low-carbon aluminium, branded Restora and Restora Ultra (ultra-low carbon aluminium), to a global customer base, many of whom are increasingly focused on ensuring the sustainable provenance of their materials and actively decarbonising their value chains. Manufactured using renewable energy, Restora is produced with a greenhouse gas (GHG) emission intensity within 4 tonnes of CO2 equivalent per tonne of aluminium manufactured, which is the global threshold for aluminium to be considered as having a low-carbon footprint. Restora Ultra, made with aluminium recovered from dross (a by-product of aluminium smelting), has an even lower carbon footprint that is near zero and is amongst the lowest in the world.
The supply agreement will see Global Aluminium deploying Restora Billets supplied by Vedanta Aluminium in various extrusion profiles, undergoing in-house value addition including anodizing processes, aluminium powder coating processes, and precision machining facilities. The end products will cater to customized applications across a wide range of industries, including Automotive, Electrical & Electronics, Building, Construction & Architectural, Aeronautics, Air handling, Renewable industry, Defense, Automation, and more.
Sharing his views, Mr. John Slaven, CEO, Vedanta Aluminium said, “At Vedanta Aluminium, we are committed to providing our customers with an unmatched competitive advantage through sustainably produced products, while also continuously decarbonising our operations as well. Our Restora brand continues to garner an enthusiastic response from our customers globally and in India as well. We are happy to introduce our truly world-class Restora range into the domestic market, and are committed to working with our valued customers to realise a greener future for the planet.”
Adding his views, Mr. Anil Agarwal, Chairman and MD, Global Aluminium said, “Vedanta Aluminium is a trusted provider of high-quality solutions catering to our needs of high-quality and value-added aluminium. Its Restora range of products will be a gamechanger in enabling players in the domestic extrusion industry to reduce their carbon footprint and establish a greener value chain. This supply partnership is a true milestone in our decarbonisation journey and will further encourage sustainable practices in the industry.”
Keeping customers at the core of its product development and design process, Vedanta Aluminium offers them products benchmarked to international standards as well as a bouquet of advantages through 360-degree holistic solutions. With an extensive portfolio of products developed using best-in-class technologies from leading international providers, Vedanta Aluminium is well-positioned to cater to the rapidly evolving demands of its customer base.
Its products have been certified by the Bureau of Indian Standards (BIS), while also being verified as environmentally sustainable by Environmental Product Declaration (EPD) International, after undergoing a rigorous Life Cycle Assessment (LCA). Additionally, the Aluminium Stewardship Initiative (ASI), has also certified the company’s plant located at Jharsuguda, Odisha, a coveted marker of sustainable business performance worldwide.
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.
About Vedanta Limited:
Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.
For more information, please visit www.vedantalimited.com
About Vedanta Aluminium Business:
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading 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.
For more information, please log on to www.vedantaaluminium.com
Follow us on LinkedIN, Facebook, Twitter, Instagram
Disclaimer:
This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.
