World EV Day: Vedanta Aluminium drives techno-innovations within EV industry
8th September 2023
- The company’s cutting-edge products are helping Original Equipment Manufacturers (OEMs) deploy advanced vehicular technologies while also reducing their carbon footprint
New Delhi; 08th September 2023: On World Electric Vehicle (EV) Day, Vedanta Aluminium, India’s largest producer of aluminium, reaffirms its commitment to augmenting the growth of the global EV sector, through its range of high-quality, world-class products customised to the needs of the automotive industry. The company’s cutting-edge product portfolio already includes primary foundry alloys for wheels, engine blocks and cylinder-head applications, billets for battery casings, HVAC (Heating, Ventilation, and Air Conditioning) systems & EV frames. Together, they enable the automotive industry to access best-in-class value-added products backed by a lower carbon footprint and enhanced supply-chain reliability.
Aluminium’s unique properties, such as its high strength-to-weight ratio, superb corrosion resistance, exceptional design flexibility, anodising ability, thermal and electrical conductivity, and 100% recyclability have made it the go-to metal for automakers worldwide. Greater usage of aluminium in EVs extends their driving range by offsetting battery weight, thereby reducing the total cost of ownership even with the addition of extra safety features.
Research suggests that every kg of aluminium used in a car reduces its overall weight by 1 kg, and consequently, 100 kg saved on an EV’s weight translates into a potential 10-15% increase in its range. This attribute is of immense significance towards driving higher EV adoption amongst consumers, especially in a geographically vast nation like India. Aluminium is also a critical element in the development of an extensive EV charging infrastructure, given its proven applications in deploying electrical transmission & distribution networks.
Most significantly, Vedanta Aluminium is the first in India to offer low carbon, ‘green’ aluminium, branded Restora and Restora Ultra, for its global customer base, many of whom are focused on ensuring the sustainable provenance of their materials and decarbonising their entire value chain. Extensively utilising Restora in their own product range offers automotive manufacturers the potential to significantly lower the carbon footprint across their value chains.
Reiterating the commitment of Vedanta Aluminium to supporting the EV industry, Mr. Sunil Gupta, COO, Vedanta Ltd. – Aluminium Business said, “EVs are poised to play a pivotal role in steering the planet towards a more environmentally sustainable future. Aluminium is key to advancing this endeavour, thanks to its remarkable versatility. We are a trusted partner to the automotive sector, focused on developing world-class products to meet their specific requirements and help them reduce their carbon footprint. Our products are also certified with several leading global certifications that underscore their excellent quality and sustainability standards.”
Adding his views, Mr. Rajesh Kumar, CEO and Whole-time Director, BALCO said, “With our extensive portfolio of products developed using best-in-class technologies, Vedanta Aluminium is well positioned to cater to the rapidly evolving demands of the EV industry. We collaborate closely with our customers to deliver customised, hi-tech solutions, enabling them to create world-class products. We have established a Centre of Excellence (CoE) in aluminium to bring together deep R&D, innovation and global technical expertise to co-create the next big thing in aluminium.”
Keeping customers at the core, Vedanta Aluminium offers them products benchmarked to international standards as well as a bundle of advantages through 360-degree holistic solutions including robust Customer Technical Services that support them at various stages of their business aspirations.
Vedanta Aluminium’s product range is Bureau of Indian Standards (BIS)-certified for demonstrating high quality. The company’s products have also been verified as environmentally sustainable by the globally recognized Environmental Product Declaration (EPD), after undergoing a rigorous Life Cycle Assessment (LCA), performing well on the parameters of energy consumption, greenhouse gas emissions, water usage, and waste generation. Additionally, the Aluminium Stewardship Initiative (ASI), has also certified the company’s plant located at Jharsuguda, Odisha for showcasing high sustainability performance, a coveted indicator of sustainability worldwide.
In addition to catering to the raw material needs of the EV industry, Vedanta Aluminium is itself a leader in the adoption of EV technology. The company hosts India’s largest fleet of electric lithium-ion forklifts, with a total of 44 units now deployed across its operations in Odisha and Chhattisgarh. The company also aims to decarbonize 100% of its Light Motor Vehicle fleet by 2030, and 75% of its mining fleet by 2035.
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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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.
