Vedanta Aluminium Recognised for Business and Energy Excellence by CII
26th October 2023
- The awards were presented to Vedanta for its outstanding energy management and safety digitalization in supply chain.
Jharsuguda, Odisha; October 26, 2023 – Vedanta Aluminium, India’s largest producer of aluminium, has garnered industry acclaim at the prestigious Confederation of Indian Industry’s IQ National and Regional Excellence Practice Competition and National Energy Awards for Excellence in Energy Management. The company has won two gold awards for its project ‘Supply Chain Operations & Safety Digitalization’, and also emerged as the winner of the Energy Award for Excellence in Energy Management from among a diverse pool of industries like metal, power, cement, engineering, paper, automation, and others.
Vedanta Aluminium achieved this remarkable success through several strategic initiatives, including the implementation of 100% Graphitized Cathodes to enhance energy efficiency, resulting in 7.93 million kWh annual energy savings. It has also adopted biomass co-firing for generating energy to power its operations, reducing coal consumption by using biomass pellets.
Vedanta has also deployed the OSI-PI Monitoring System, which facilitates efficient data management, while switching to electric forklifts reduced its carbon footprint. Additionally, it optimized supply chain operations, minimized manual intervention by 75%, improved safety compliance with AI/ML-based video analytics, and enhanced training through Virtual Reality Solutions.
Highlighting Vedanta’s robust efforts towards business excellence, Mr. Sunil Gupta, COO, Vedanta Aluminium Business remarked, “We’re honoured by the recognition at the CII Awards. This award underscores our commitment to consistent business excellence by digitalizing our supply chain, enhancing our energy efficiency and safety operations. We’re dedicated to leading the digital transformation within the manufacturing industry, setting new and higher benchmarks.”
This accomplishment adds to a distinguished array of awards that Vedanta has received over the years for its pioneering efforts in the realm of business excellence. Some notable recognitions include:
- Certificate of Merit for Artificial Intelligence in Manufacturing Sector at Frost & Sullivan’s Awards: The project includes real-time predictive alerts on the health of equipment to control unplanned breakdowns, an increase in equipment availability, the import of power cost optimisation due to fewer unplanned setbacks, and ongoing results fine tuning to align business parameters.
- Business World’s Supply Chain Resilience Summit & Awards 2022 for disruptive innovative solution implementation towards supply chain optimization.
- Exceed Occupational Health & Safety Award by Sustainable Development Foundation for showcasing exceptional safety measures and practices.
- Sustainable Manufacturing Excellence Award by the Times Group: Vedanta Jharsuguda received the award for exceptional demonstration of sustainable operations aligned with Environment, Social and Corporate (ESG) practices and governed by the vision of ‘Zero Harm, Zero Waste, Zero Discharge’ to achieve net zero-carbon by 2050.
Vedanta Aluminium, a part of Vedanta Group, 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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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.
