Vedanta Aluminium recommits to empowering India’s youth through multiple avenues for progress

12th January 2024

  • On National Youth Day, it committed to further enabling youths to excel in diverse fields

New Delhi; 12th January 2024: On the occasion of National Youth Day, Vedanta Aluminium, India’s largest producer of aluminium, reiterates its commitment to empowering youth across its operations through multiple opportunities for advancement. The company has employed a two-pronged approach, generating extensive employment opportunities with rich job content across its world-class operations, and empowering youths from local communities through education, skill development, grassroots sports, and training in traditional art forms. Together, they are helping youths across India attain sustainable livelihoods and achieve new milestones, contributing to the socio-economic development of their communities and country.

Vedanta Aluminium’s operation include one of the world’s largest aluminium smelters in Jharsuguda and a world-class alumina refinery in Lanjigarh, Odisha, in addition to India’s iconic aluminium producer BALCO in Korba, Chhattisgarh. Over 55% of Vedanta Aluminium’s employees at these locations comprise of top talent in their twenties, working on leading-edge technologies to produce the high-quality aluminium that is supplied to over 60 countries globally for high-end applications. This puts them at the forefront of India’s growth story and considerable engineering prowess.

The company is also young when considered in terms of the average employee age, which falls between 26-28 years, representing India’s demographic dividend. Given the size and scale of Vedanta Aluminium’s operations, these youths are employed in a diverse variety of roles such as engineering, mechatronics, sustainability, commodities, mining, geology, forensics, geophysics, deep tech, etc. The company has also established tie-ups with top educational institutions to train and further upskill high-performing employees.

Building upon its significant efforts in community development skill development, the company has successfully trained nearly 15,000 youth from its communities through its various skilling programs. These programs are helping bridge the gap between unskilled and semi-skilled youths through training in market-relevant vocational skills, entrepreneurship, climate-resilient agriculture, revival of traditional arts and crafts such as Saura and Dhokra, amongst others. Vedanta Aluminium has rolled out Project Panchhi, a recruitment drive that aims to employ 1000 girls from marginalized rural communities, providing them with financial support in completing their collegiate education and also offering employment on successful completion.

Vedanta Aluminium’s commitments also aligns with key global goals, particularly the ‘Skill India’ vision and the United Nations Sustainable Development Goals, including SDG 1 – No Poverty, SDG 8 – Decent Work and Economic Growth, and SDG 10 – Reduced Inequalities. The company has collaborated with esteemed knowledge providers such as NABARD, the National Institute of Solar Energy (NISE), Skill Development Institute (Bhubaneswar) and other top institutions to ensure that the training programs are tailored to the evolving needs of the market and the aspirations of the youth.

Over the years, the company has continuously expanded its vocational skills programs, notably with initiatives like the Vedanta Skill School program in Korba, Chhattisgarh, offering training in various trades including food & beverage, welding, tailoring, hospitality, beauty etc. The company has also empowered women through the Subhalaxmi Co-operative in Odisha, supporting rural women in becoming successful entrepreneurs through micro-finance, skill development, financial literacy, and market linkage programs.

Additionally, through sustainable livelihood projects in Lanjigarh and the Mor Jal Mor Maati initiative in BALCO, Korba, Vedanta Aluminium offers training in integrated community-based interventions. These efforts aim to enhance incomes by promoting improved farming practices, water management, soil conservation, livestock husbandry, and other aspects, reviving farming among youths as a feasible means of livelihood. Through these efforts, the company is actively helping foster increased entrepreneurship, sustainable economic development, and vibrant local economies across the country.

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.

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.