Koraput (Odisha), December 19, 2024: Vedanta Aluminium, India’s largest aluminium producer, proudly supported “PARAB-2024”, the annual tribal and folk festival that celebrates the rich cultural tapestry of Odisha’s tribal-dominated Koraput district. While the gala tribal fair was inaugurated by Shri Mohan Charan Majhi, Honourable Chief Minister of Odisha, this vibrant event drew thousands of audience as it served a lively showcase of the tribal art, culture, music, and dance that define the region’s heritage. Inaugurating the annual festival, the honourable Chief Minister of Odisha commended the invaluable contributions of tribal culture to the state’s identity. The honourable Chief Minister not…
Author: J.Sahu
Lanjigarh, Kalahandi District, 18 December 2024: As India’s top producer of smelter-grade alumina and a key unit of Vedanta Aluminium, Vedanta Lanjigarh focuses on promoting sustainable livelihoods for nearby communities. A prominent effort in this regard is Project Adikala, an initiative designed to preserve and revive Kalahandi’s rich indigenous art and culture. The project emphasizes the Saura art form, known for its colourful and detailed patterns that tell stories about nature, ancestors, and everyday life, along with Dhokra, an ancient metal craft technique from the Indus Valley civilisation. Project Adikala, launched in 2018 by Vedanta Aluminium in collaboration with the…
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…
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,…