Vedanta Chairman Anil Agarwal meets Odisha CM Shri Mohan Charan Majhi
6th July 2024
- Odisha CM and Vedanta Chairman discuss shared vision to accelerate the state’s industrial and socio-economic growth
Bhubaneshwar, Odisha; 06 July 2024: Shri Anil Agarwal, Chairman, Vedanta Group, met Shri Mohan Charan Majhi, the newly-appointed Hon’ble Chief Minister of Odisha, to extend his congratulations on the formation of the new government and to discuss the ongoing and future development of the state.
During the meeting, Mr. Agarwal reiterated Vedanta Group’s unwavering commitment to Odisha’s progress. The discussion focused on identifying new areas of collaboration that could further accelerate Odisha’s transformative journey, enhancing the state’s industrial and socio-economic development.
Expressing his confidence in the new government’s vision and leadership, Mr. Anil Agarwal, Chairman, Vedanta Group, said, “Odisha’s remarkable growth is a testament to the sheer hard work and commitment of its people. The state has been crucial to Vedanta’s success, and we remain dedicated to its sustainable and inclusive development. My meeting with Shri Majhi Ji was highly productive, and we discussed our shared vision for Odisha’s growth. Under his capable leadership, our longstanding partnership will continue to thrive, driving the state to greater heights.”
Vedanta Group has made significant investments in Odisha, amounting to more than INR 1,00,000 crore. This is the conglomerate’s largest ever investment anywhere in the world. These investments have led to the establishment of the world’s largest integrated aluminium smelter plant at Jharsuguda with a capacity of 1.8 MTPA and a world-class alumina refinery at Lanjigarh in Kalahandi district with a capacity of 3.5 MTPA. Through these initiatives, the group has created more than one lakh direct and indirect jobs, bringing prosperity to remote areas, and integrating local communities into the socio-economic mainstream.
During his previous visit to the state during Make in Odisha 2022, Shri Agarwal had announced new investments worth more than INR 25,000 crore for expanding Vedanta’s aluminium, ferrochrome and mining businesses in the state.
Beyond business, Vedanta’s community development initiatives span livelihood, education, healthcare, infrastructure, grassroots sports and culture, benefiting more than 4.5 lakh people across 500 villages in Odisha.
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
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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.
