Vedanta Aluminium joins International Aluminium Institute (IAI)
8th January 2024
- The company is India’s largest producer of aluminium, and among the top 10 globally
8 January, 2024; London/New Delhi – Vedanta Aluminium, among the world’s largest producers of aluminium – has become the newest member of the International Aluminium Institute (IAI). The International Aluminium Institute is the only body representing the global primary aluminium industry. Vedanta Aluminium is also India’s largest producer of the metal, manufacturing 2.29 million tonnes of aluminium in FY23, nearly 60% of the nation’s aluminium. This places the company among the world’s top 10 biggest producers of the metal, widely acknowledged as the ‘metal of the future’ for enabling the world’s energy transition while supporting key engineering technologies and sustainable applications.
Vedanta Aluminium operates in markets across the globe with customers in over 60 countries. Its products find critical applications across a vast gamut of industries such as automotive, building & construction, electricals, consumer goods and packaging, sunrise sectors such as electric vehicles, renewables, high-tech manufacturing, aerospace and defence.
Commenting on the membership, Mr. John Slaven, CEO, Vedanta Aluminium said, “We are thrilled to be joining the International Aluminium Institute (IAI) towards strengthening our unwavering commitment to advancing sustainability within the aluminium industry. In this pursuit, we are also focused on leveraging the latest innovations and technology to enhance our operations. As a member, we will collaborate with IAI and other industry leaders to promote and contribute to a more sustainable future for the entire aluminium value chain. We are excited about this partnership and look forward to making a meaningful impact together.”
Mr. Miles Prosser, IAI Secretary General said, “Vedanta aligns with the IAI’s values and goals for a safe, fair and sustainable global aluminium industry, and so we are delighted to welcome them into our membership. As one of the world’s top aluminium producers, Vedanta Aluminium’s membership strengthens the global voice of the IAI and that of a sustainable aluminium industry.”
The IAI aims to promote a wider understanding of the aluminium industry’s activities, encourage responsible production, and highlight the potential benefits to be realised through aluminium’s use in sustainable applications. Established in 1972, the current IAI membership includes the leading bauxite, alumina and aluminium companies globally.
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. 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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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.
