Vedanta Aluminium invites start-ups for collaboration at Enterprise Odisha 2021

17th November 2021

 

Bhubaneswar, Odisha; November 17th, 2021: Vedanta Aluminium Business, India’s largest producer of aluminium and its value-added products, has announced plans to collaborate with entrepreneurs and start-ups on innovation and technology at Enterprise Odisha 2021. Organized by the Confederation of Indian Industry (CII) in collaboration with Government of Odisha, the 23rd edition of Enterprise Odisha saw participation by prominent organizations across diverse industries, including Vedanta Aluminium.

Addressing the audience at the inaugural ceremony, Mr Rahul Sharma, CEO – Aluminium Business, Vedanta Ltd said, “Driven by innovation and technology, Odisha is poised to be a Trillion Dollar Economy in the next decade. I thank the Hon’ble CM of Odisha, Shri. Naveen Patnaik ji, for creating a favourable environment which has fostered 360-degree development in the state. We remain strongly committed to development of Odisha. Vedanta has planned major investments in the state and we invite start-ups to partner us in this sustainable growth journey.”

Highlights from Mr. Rahul Sharma’s address include:

  • Odisha is the ‘Aluminium Capital of India’, with Vedanta playing a significant part in the state’s tremendous growth story for the past two decades.
  • With significant investments, Vedanta has connected Lanjigarh and Jharsuguda to the socio-economic mainstream, creating over 4 lakh livelihood opportunities.
  • Vedanta’s proposed Aluminium Park will be one-of-its-kind, attract a 1000+ SMEs & MSMEs to Odisha, adding INR 5,000 Cr. of value to the state, which will provide additional 1 lakh livelihood opportunities for the local populace.
  • Vedanta has created a ‘Centre of Excellence’ to bring together digitalization and research, to nurture the start-up culture and accelerate development of emerging technologies.
  • 12% of Vedanta’s young and highly skilled workforce are women professionals, handling critical roles in core operations.
  • Vedanta’s social outreach programs in livelihood, healthcare, education, skill development, etc. reach out to over 3 lakh people from 125 villages.
  • Vedanta’s Nandghar programme aims to establish 400 modern anganwadis across the state, which will serve as centres of child development and women empowerment.

Vedanta Aluminium Business, a division of Vedanta Limited, is India’s largest manufacturer of aluminium, producing half of India’s aluminium i.e., 1.96 million tonnes in FY21. It is a leader in value-added aluminium products that find critical applications in core industries. 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, Namibia, and Australia. 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 dedicating itself to the highest ESG standards to emerge as leaders in this space. It is among the 24 Indian companies who are signatories to the ‘Declaration of the Private Sector on Climate Change’ and is committed to decarbonizing its operations by 2050. 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 company have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020, ‘Company with Great Managers 2020’ by People Business and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange in India and has ADRs listed on the New York Stock Exchange.

For more information, please visit www.vedantalimited.com

About Vedanta Aluminium Business:

Vedanta Aluminium Business, a part of Vedanta Limited, is India’s largest producer of Aluminium, producing almost half of India’s aluminium or 1.96 million tonnes per annum (MTPA) in FY21. Vedanta is a leader in value-added aluminium products that find critical applications in core industries. 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

For Further Information, Please Contact:

Ms. Sonal Choithani
Chief Communications Officer
Aluminium Business, Vedanta Ltd.
Sonal[dot]Choithani[at]vedanta[dot]co[dot]in
www.vedantaaluminium.com

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.