Vedanta Aluminium commemorates 73rd Republic Day at its operations in Jharsuguda
28th January 2022
Jharsuguda; 28th January, 2022: Vedanta Aluminium, India’s largest producer of aluminium and value-added products, celebrated India’s 73rd Republic Day with employees, partners, and community members at its Jharsuguda operations. The highlights of the celebrations included a spectacular march past by the company’s security professionals consisting of ex-servicemen, hosting of the national flag by Mr. Deepak Prasad, Dy. CEO – Vedanta Jharsuguda, and award ceremony for the best performing security personnel. The company also celebrated the day with local communities, village sarpanchs, ward members and beneficiaries of more than 44 Nand Ghars, which are Anganwadis modernised by Vedanta that act as centres of women & child development in rural India.
Addressing the employees and business partners at the ceremony, Mr. Deepak Prasad, Dy. CEO – Vedanta Ltd., Jharsuguda said, “Being India’s largest producer of aluminium, Vedanta Ltd., Jharsuguda has been instrumental in making Odisha the ‘Aluminium Capital of India’. With our business, aluminium products and social development endeavours, we are fuelling critical industries, ensuring that the wheels of the economy keep turning and accelerating the socio-economic development of our communities, while being committed to Environment, Social and Governance (ESG) excellence. As custodians of one of the world’s largest aluminium smelters, each of us has a significant role to play in nation building and we must strive to step up our contribution towards the growth of the nation.”
Besides supplying high-quality aluminium products to core industries in India, Vedanta Aluminium has created a multiplier effect through employment opportunities, social interventions, thriving residential clusters and local business communities around the plant operations in Jharsuguda. The creation of much-needed infrastructure, have catalysed significant development in these regions, bringing them to the socio-economic forefront. The company is widely hailed for bringing remote areas of Jharsuguda to the socio-economic mainstream. The company has triggered an exponential GDP growth of Jharsuguda at the rate of 15% between 2003 to 2015. In addition, it has reduced Odisha’s power deficit by 10%, by supplying about 20 billion units of electricity at a time when the country was suffering from acute power shortage.
Vedanta’s social interventions in the domains of quality education sustainable livelihood, women empowerment, health, water and sanitation, bio-investment and community infrastructure reach out to a total of 72 villages in Jharsuguda and nearby areas, benefiting nearly 80,000 people in a year. It empowers more than 4000 women from over 330 SHGs, provides doorstep healthcare services to about 32,000 people annually, gives educational support to more than 6400 students, has planted more than 1.48 lakh trees in partnership with the community, and built 570 plus infrastructural projects at community level.
Vedanta is India’s largest producer of the green metal, aluminium, operating a world-class 1.6 MTPA aluminium smelter and 3615 MW thermal power generation facility in Jharsuguda, Odisha. The only Indian smelter in the global ‘1 Million Tonne’ production and export club, Vedanta Jharsuguda is a leader in value-added aluminium products that find critical applications across core industries. With its state-of-the-art facilities, unparalleled engineering prowess, R&D and innovation abilities, Vedanta Jharsuguda is working towards a sustainable and greener future for all by spurring emerging applications of aluminium, the ‘Metal of the Future’.
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., 2.29 million tonnes in FY23. 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.
