New Delhi , 18.12.2024: Vedanta Aluminium, the largest aluminium producer in India, reflects on the success of its transformative Project Panchhi. Spearheaded by Chairman Mr. Anil Agarwal, the initiative aims to empower 1,000 girls from underprivileged communities across India through a unique recruitment drive. Vedanta Aluminium has already enrolled 190 girls from rural districts in Odisha and Chhattisgarh into various undergraduate programs such as B.Com, BBA, B.Sc, and B.Tech at OP Jindal University, Raigarh. Project Panchhi is dedicated to fostering independence and self-reliance among girls from underprivileged communities. It strives to address the educational challenges faced by first-generation learners and…
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New Delhi, 18/12/2024: In a strategic move aimed at strengthening its footprint in the global metals and mining industry, Vedanta Limited has announced a major investment of $2 billion in copper projects in Saudi Arabia. This initiative forms part of a larger wave of international investments in the kingdom, which recently secured nine deals totaling over 35 billion riyals (approximately $9.32 billion) with prominent global companies, including China’s Zijin Group. The agreements were officially unveiled at the World Investment Conference held in Riyadh, under the framework of the Global Supply Chain Resilience Initiative. This initiative is a cornerstone of Saudi…
New Delhi, 18.12.2024: At ‘PowerEdge 2024,’ which happened in September, Vedanta Aluminium, India’s largest aluminium producer and the world’s foremost aluminium wire rod manufacturer, presented two cutting-edge products for the power and transmission sector. The AL59 Ingot boasts superior electrical conductivity, ideal for remelting, while the EC grade Wire Rod is perfect for winding strip applications, combining strength, conductivity, and formability. Both products are meticulously engineered for high-precision uses like fine drawing, conforming, and enamelling in transformer and motor winding applications at PowerEdge 2024, these products were part of an event that gathered leading power and transmission companies, industry experts,…
New Delhi, 17/12/2024: Vedanta Limited has declared its fourth interim dividend for the current fiscal year, amounting to ₹8.50 per share. This brings the company’s total dividend payout for the year to ₹43.50 per share, reflecting Vedanta’s ongoing commitment to delivering value to its shareholders. The total financial outlay for this dividend will be approximately ₹3,324 crore. The record date for determining eligible shareholders has been set for Tuesday, December 24. The company began its dividend distribution for the fiscal year with an interim dividend of ₹11 per share in May, followed by a ₹4 per share payout in July,…
New Delhi, December 17, 2024: Vedanta Aluminmium India’s largest aluminium producer signed a gas sales argument (GSA) with GAIL Gas Limited, a subsidiary of GAIL(India) Limited to supply natural gas to Vedanta’s Jharsuguda smelter, World’s Largest Aluminium Plant. This transition will significantly lower the carbon footprint, reducing emissions by an estimated 47,292 tonnes of CO₂ equivalent (tCO₂e) annually, this is expected to be operational by the end of 2025. Implementing a dual strategy, including renewable energy usage while also creating carbon sinks through extensive afforestation efforts, by this Vedanta is committed to achieving Net Zero emissions by 2050. This partnership…
In a significant milestone, Coal India Ltd (CIL) has invested ₹5,570 crore in Corporate Social Responsibility (CSR) initiatives over the past decade, underscoring its commitment to societal development. According to CIL Chairman P M Prasad, the state-owned enterprise has channeled its resources into education, healthcare, skill development, sports, and women’s empowerment, thereby making a substantial impact on the communities it serves. Speaking at the inauguration of the 3rd CIL CSR Conclave 2024, West Bengal Governor C V Ananda Bose highlighted the transformative potential of CSR initiatives, especially in the tribal belts of coal-bearing regions. He praised CIL for its dedicated…
New Delhi, India, 16/12/2024: Despite the global momentum toward carbon reduction and a transition to cleaner energy, India is projected to continue depending on coal as a key pillar of its electricity generation over the next eight to ten years. According to Moody’s Ratings, the country intends to add between 40 and 50 gigawatts (GW) of coal-based power capacity over the next five to six years to meet its growing electricity demands. This planned expansion highlights coal’s enduring significance in India’s energy strategy, even as international markets accelerate toward renewable and low-carbon energy solutions. Moody’s analysis indicates that India’s electricity…
New Delhi, India, 16/12/2024: The Indian government has introduced a new set of stringent guidelines to regulate the expenditure of District Mineral Foundations (DMFs), aiming to improve transparency, efficiency, and accountability in the use of these funds. The measures are intended to ensure that resources collected under DMFs are effectively utilized for welfare activities in mining-affected districts. Officials have emphasized that states failing to comply with these governance rules may face suspension of fund disbursals, underscoring the seriousness of the initiative. Under the new framework, the Union Mines Ministry has been empowered to investigate instances of non-compliance with DMF rules,…
New Delhi, December 16, 2024: Vedanta Aluminium, the largest aluminium producer in India and a leader in sustainability has reinforced its environmental leadership by collaborating with PwC India to launch significant biodiversity and carbon reduction initiatives in Odisha. This partnership continues the company’s legacy of promoting sustainable development through groundbreaking ecological and community-centered approaches. Vedanta, through a newly signed MoU with PwC India, is launching transformative initiatives to restore ecosystems, build climate resilience, and uplift communities. The collaboration focuses on biodiversity conservation and carbon reduction using innovative tools and global practices. Key projects include carbon sequestration to generate credits, GIS…
Bhubaneswar, December 16, 2024: The Sijimali Bauxite Block, spread across Kalahandi and Rayagada districts of Odisha, holds immense potential to transform the region’s social and economic landscape. Owned by Vedanta Aluminium, the project is seen as a milestone in empowering tribal communities and accelerating development in two of the state’s most resource-rich yet underserved districts. To ensure structured and sustained growth, Vedanta has committed Rs 1,200 crores over the next 25 years through the Lanjigarh Periphery Area Development Fund (LPDAF) and the soon-to-be-formed Sijimali Periphery Area Development Fund (SPDAF). Both funds will function under Special Purpose Vehicles (SPVs) that include…