National Technology Day: Vedanta Aluminium commits to strengthening technology sectors with diverse aluminium portfolio
11th May 2023
New Delhi; 11th May 2023: On National Technology Day, Vedanta Aluminium, India’s largest aluminium producer, reaffirms its commitment to catering to the emerging demand for aluminium through its high-quality, indigenously developed products for the engineering and technology sectors. The company is constantly expanding its value-added product portfolio to maximize the hi-tech applications of metal.
Globally, there are about 3,000 technological applications of aluminium across various industries, whereas India has explored only about 300 so far. Yet, India remains among the largest importers of aluminium in the world, despite having abundant bauxite reserves, the ore from which aluminium is obtained, and more than sufficient production capacity to meet the domestic demand. Vedanta Aluminium alone produces nearly 60% of India’s aluminium. It serves the needs of allied industries by exploring new technological applications of the metal and providing sector-specific customised products, thus strengthening the domestic value chain.
Aluminium has emerged as a critical raw material for both, established and emerging sectors, in developing advanced technologies owing to its exceptional properties. These include a high strength-to-weight ratio, ductility, malleability, conductivity, corrosion-resistance, and the ability to be recycled repeatedly without losing its properties. The very nature and versatility of the metal provides durability to electronic goods and strength to gravity-defying spacecrafts.
According to a recent World Bank report, aluminium is one of the key metals that will enable the transition to a low-carbon future, spurring its applications in diverse sectors. Vedanta Aluminium is highly regarded as the preferred supplier of aluminium products in technology-led critical sectors such as aerospace, defence, automotive, smart infrastructure and energy distribution. It is the first in India to offer a low carbon footprint, ‘green’ aluminium range, branded Restora and Restora Ultra, for customers seeking to decarbonise their operations. Its wide range of applications for current and future purposes is why aluminium is popularly referred to as the “metal of the future.”
On the occasion of National Technology Day, Mr Rahul Sharma, CEO, Vedanta Limited – Aluminium Business, reiterated the role of aluminium in emerging technologies, “The world seeks to transition to a low-carbon future, one that is undoubtedly going to be metal intensive. Aluminium, with its unique properties, has established itself as the go-to metal for a slew of high-end technological applications. With one of the largest product portfolios in the world, Vedanta Aluminium is uniquely positioned to meet the rapidly-evolving requirements of our customers through increased product sophistication, unmatched quality, and operational excellence.”
Vedanta Aluminium is actively ramping up production to add new product lines at its aluminium smelters at Jharsuguda (Odisha) and Korba (Chhattisgarh), diversifying its product mix to cater to sunrise sectors such as high-tech manufacturing, electric vehicles, green buildings, renewable energy and battery technologies. Aluminium has the potential to be a significant value creator for the nation and help achieve the vision of ‘Make in India for the World’. Vedanta Aluminium is contributing to this endeavour by boosting domestic innovation and tech-driven manufacturing.
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
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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.
