Make in Odisha 2022: Hon’ble CM of Odisha inaugurates Vedanta Aluminium Park at Jharsuguda
1st December 2022
- Unveils Foundation Stone in the presence of Shri Anil Agarwal, Chairman, Vedanta Group at MIO 2022
New Delhi; 1st December, 2022: Vedanta Limited, India’s largest producer of aluminium, today announced the foundation stone laying of the Vedanta Aluminium Park, at Jharsuguda, Odisha. The Hon’ble CM of Odisha, Shri. Naveen Patnaik unveiled the stone at the ongoing Make In Odisha 2022 conclave in the presence of Mr. Anil Agarwal, Chairman – Vedanta, thus inaugurating the Aluminium Park officially. The Park is a joint venture between Vedanta Aluminium and the Odisha Industrial Infrastructure Development Corporation (IDCO). Also present during the ceremony was Mr. Rahul Sharma, CEO – Vedanta Aluminium.
The Vedanta Aluminium Park will be a world-class industrial facility where companies can set up their manufacturing units and draw hot metal (molten aluminium) from Vedanta’s smelter at Jharsuguda to manufacture their products. Vedanta’s aluminium smelter at Jharsuguda is one of the world’s largest aluminium smelters, with a capacity of 1.75 million tonnes per annum.
Shri. Naveen Patnaik, Hon’ble CM of Odisha, said, “Odisha is fast emerging as a major investment destination in the country. We are a progressive state with clear focus on transformation in all sectors and inclusive development. At Odisha, we offer you better than the best services, support, and incentives – beyond the best in the country. Investor friendly initiatives and transformative governance put us on path of progress. We will continue to work with each of you and understand your requirements and provide the best support system.”
In his address, Mr. Anil Agarwal, Chairman – Vedanta, said, “Today, the world looks to India as the next destination for manufacturing, and in India, Odisha is poised to become the go-to destination for investors in India, under the leadership of Shri. Naveen Patnaik Ji. Odisha, with its natural advantages, is the Aluminium Capital of India today, and has the potential to become the Aluminium Capital of the world. Over the years, Vedanta has invested over 1 lakh crores and have created over 5 Lakh direct & indirect livelihood opportunities in the state and now the Vedanta Aluminium Park will bring more downstream players to Odisha to maximize value addition and further deepen the industrialisation in the state. Odisha is the place where your dreams can come true – Jahan aapka sapna saakar ho sakta hai.”
Mr. Rahul Sharma, CEO – Vedanta Aluminium, said, “This collaboration between Vedanta and the Government of Odisha to create a world-class Aluminium Park near our aluminium smelter in Jharsuguda, will usher in a new era for Indian manufacturing. We take this moment to invite industries to set up their plants at our Aluminium Park, and leverage the plethora of advantages we have on offer. Together, we can join forces to make India the most sought-after manufacturing destination of the world.”
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.26 million tonnes in FY22. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 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. www.vedantaaluminium.com
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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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.
