{"id":11048,"date":"2023-10-21T12:51:15","date_gmt":"2023-10-21T12:51:15","guid":{"rendered":"https:\/\/thenftimes.com\/index.php\/2023\/10\/21\/vedanta-aluminium-poised-to-make-odisha-the-aluminium-capital-of-the-world-n-f-times\/"},"modified":"2023-10-21T12:51:17","modified_gmt":"2023-10-21T12:51:17","slug":"vedanta-aluminium-poised-to-make-odisha-the-aluminium-capital-of-the-world-n-f-times","status":"publish","type":"post","link":"https:\/\/thenftimes.com\/index.php\/2023\/10\/21\/vedanta-aluminium-poised-to-make-odisha-the-aluminium-capital-of-the-world-n-f-times\/","title":{"rendered":"Vedanta Aluminium poised to make Odisha the \u2018aluminium capital\u2019 of the World &#8211; N.F Times"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><strong>Bhubaneswar:<\/strong> Vedanta Aluminium, a pioneering force in Odisha\u2019s industrial landscape, has played an instrumental role in establishing the State as the \u2018Aluminium Capital of India\u2019 and setting it well on the path of becoming the \u2018Aluminium Capital of the World\u2019.<\/p>\n<p>The company\u2019s confidence in the State\u2019s immense potential is underscored by its extensive operations and being the largest investor in the State. At an astonishing Rs 1,00,000 crore, Vedanta\u2019s combined investment in Odisha is its largest anywhere in the world.<\/p>\n<p>Aluminium, widely hailed as the metal of the future, has been identified as a critical metal for emerging green technologies, which will power India\u2019s Net Zero Carbon journey. Vedanta\u2019s aluminium is used in critical sectors such as aerospace, national defence, infrastructure, electrification, automobiles, consumer durables, packaging, and beyond, critical to the country\u2019s self-reliance. The company is also adding new product lines to cater to sunrise sectors such as electric vehicles (EVs), renewables, hi-tech manufacturing and space exploration.<\/p>\n<p>Odisha is key to shaping the rise of the domestic aluminium industry, and India\u2019s industrial and economic future. According to the Indian Minerals Year Book 2021, the State accounts for 41 per cent of the bauxite (aluminium ore) resources in the country, making it an essential hub for the global aluminium value chain.<\/p>\n<p>Owing to its versatile properties, aluminium demand in India is expected to double from 4 MTPA to 10 MTPA by 2030, which will require fresh investments of over Rs 4 lakh crores across the entire value chain. India\u2019s per capita aluminium consumption is only about 3 kgs, which is much below the global average of 11 kg per capita. As India grows to become a $5-trillion economy, aluminium demand will rise significantly. Odisha therefore stands well-poised to meet this opportunity.<\/p>\n<p>Vedanta Aluminium\u2019s operations in Odisha have put India on the map as a formidable aluminium producer. At the heart of this transformation lies the company\u2019s operations in Odisha. Its smelting facility in Jharsuguda, with a capacity of 1.8 million tonnes per annum, stands as the sole Indian smelter in the prestigious global 1 million tonne club. The company also operates a world-class 2 MTPA alumina refinery in Lanjigarh, Kalahandi district, Odisha. The company is also looking at operationalising its mines to become fully integrated and competitively serve the rising demand for green metal.<\/p>\n<p>The company\u2019s diverse product range, one of the largest in the world, serves customers in 50+ countries across various sectors. Its commitment to quality is evident in the company being the first in the Indian aluminium industry to obtain all applicable Bureau of Indian Standards (BIS) certifications for its primary aluminium products. Nearly all of Vedanta Aluminium\u2019s products are made in Odisha, enabling the state to emerge as a global manufacturing hub for the world.<\/p>\n<p>The company\u2019s unwavering commitment to sustainability has garnered global recognition, with its Jharsuguda smelter receiving certification from the prestigious Aluminium Stewardship Initiative (ASI). This acknowledgement underscores the company\u2019s dedication to global sustainability standards. Additionally, their products bear the endorsement of Environmental Product Declaration (EPD) International, a testament to their high environmental sustainability standards.<\/p>\n<p>The extent of Vedanta\u2019s operations ensures that its contributions to Odisha\u2019s Gross State Domestic Product (GSDP) are substantial, accounting for nearly 4% of the state\u2019s GSDP. Beyond the economic sphere, Vedanta Aluminium\u2019s social impact programs reach nearly 200 remote villages, thereby benefiting more than 3 lakh people in rural India annually. Their interventions encompass education, healthcare, livelihood, rural infrastructure, grassroots sports, and the promotion of art and culture.<\/p>\n<p>Vedanta Aluminium has played a direct role in making India a global manufacturing powerhouse, and a viable alternative to China and Russia, the other large aluminium producers. The company\u2019s sequel dedication to business excellence and sustainable growth continues to be a torchbearer for the nation\u2019s industrial prowess, while also helping it move the needle from import dependence to total self-reliance.<\/p>\n<\/p><\/div>\n<p><script>(function(d, s, id) {\n    var js, fjs = d.getElementsByTagName(s)[0];\n    if (d.getElementById(id)) return;\n    js = d.createElement(s); js.id = id;\n    js.src = \"\n    fjs.parentNode.insertBefore(js, fjs);\n  }(document, 'script', 'facebook-jssdk'));<\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bhubaneswar: Vedanta Aluminium, a pioneering force in Odisha\u2019s industrial landscape, has played an instrumental role in establishing the State as the \u2018Aluminium Capital of India\u2019 and setting it well on the path of becoming the \u2018Aluminium Capital of the World\u2019. The company\u2019s confidence in the State\u2019s immense potential is underscored by its extensive operations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[69],"tags":[],"class_list":["post-11048","post","type-post","status-publish","format-standard","category-states"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/11048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=11048"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/11048\/revisions"}],"predecessor-version":[{"id":11050,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/11048\/revisions\/11050"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=11048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=11048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=11048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}