Vedanta Aluminium organises ‘AutoEdge’ conclave, shares aluminium range for auto industry
24th April 2024
- The company offers several high-quality solutions tailored to the needs of the industry
New Delhi, 24 April, 2024: Vedanta Aluminium, India’s largest producer of aluminium, recently organised AutoEdge 2024, an industry conclave for the automotive sector, in New Delhi. Aluminium, responsible for enabling several forms of modern transportation, has also established itself as a critical raw material for automotive manufacturing. The event featured expert-led sessions on the future roadmap of the sector and the role of aluminium in its transformation, and was an opportunity to identify new areas of collaboration. Top automakers and essential component manufacturers from the industry participated in the event.
Aluminium is a lightweight metal with properties such as a higher strength-to-weight ratio, excellent electrical conductivity, superior corrosion resistance and infinite recyclability. These properties make it a natural choice for many applications within the fast-growing automotive sector, which is expected to contribute to nearly 15% of India’s GDP by FY31. On average, an internal combustion (IC) engine vehicle contains nearly 180 kgs of aluminium, whereas an electric vehicle contains nearly 260 kgs of aluminium today.
Commenting on the event, Mr. John Slaven, CEO, Vedanta Aluminium, said, “We offer our customers in the automotive industry an unmatched combination of advantages: global expertise, cutting-edge technology, customized alloys, ease of doing business, a reliable supply chain and most importantly, an unyielding commitment to sustainable business practices. Backed by innovative product development, technological sophistication and localisation, they represent an opportunity for Indian automotive players to compete at the same level as global companies.”
Mr. Gaurav Vats, Senior General Lead – Corporate Materials, Uno Minda, added, “Vedanta Aluminium offered rich insights into how the automotive sector is poised to evolve, and the several ways aluminium could help us derive maximum value from this transformation. Collaborative efforts always result in improved solutions, and so we look forward to our fruitful partnership with Vedanta Aluminium for unlocking enhanced innovation and business growth.”
Recognising aluminium’s potential for sparking innovation in the automotive sector, Vedanta Aluminium offers several high-quality products tailored for the industry. Some of these include specialised primary foundry alloys (PFAs) for developing cylinder heads and alloy wheels, and billets for crash-resistant extrusions that are ideal for applications requiring high impact resistance. In addition, the company also offers ingots, rolled products, and wire rods for various automotive applications. They are produced using world-class technologies sourced from the USA, Spain and Italy among others, and supplied to customers in over 60 countries for high-end applications, attesting to their high production quality and demand.
Vedanta Aluminium has consistently focused on a ‘customer-first’ approach to product innovation. The company’s Customer Technical Services team works closely with customers to develop products as per their specifications. At the company’s upcoming Aluminium Park in Jharsuguda, Odisha, downstream companies can set up their units to access just-in-time molten metal drawn from Vedanta’s mega aluminium smelter nearby. Vedanta Aluminium has also recently launched Vedanta Metal Bazaar, the world’s largest e-superstore for over 750 primary aluminium products, with Artificial Intelligence (AI)-based features offering a simplified end-to-end buying experience for customers.
The company has been recognised as the world’s most sustainable aluminium producer, as per the S&P Global Corporate Sustainability Assessment 2023. Its operations, which include the world’s largest aluminium smelter in Jharsuguda and India’s iconic aluminium producer BALCO at Korba, Chhattisgarh, are both certified by the Aluminium Stewardship Initiative (ASI) as per its rigorous performance standards. In addition, the company’s wide range of high-quality aluminium products are verified as sustainably produced by Environmental Product Declaration (EPD) International.
Vedanta Aluminium is the first in India to achieve IATF 16949:2016 certification for its smelting operations, and the first to achieve certification for its vast product range as per all applicable standards set by the Bureau of Indian Standards (BIS). It is also the first to offer low-carbon, ‘green’ aluminium under its Restora range. Restora, manufactured using renewable energy, has a Green House Gas (GHG) emission intensity that is less than 4 tonnes of CO2 equivalent (tCO2e) per tonne of aluminium manufactured – the global threshold for aluminium to be considered as low carbon. Restora Ultra, made from recovered aluminium, has an even lower carbon footprint, amongst the lowest in the world. Together, they represent the company’s deep commitment to making sustainably produced materials available to the global automotive industry.
Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s total aluminium production i.e., 2.37 million tonnes in FY24. 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.
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.
