Vedanta To Set Up Aluminium Park In Jharsuguda, Odisha

Mobility Outlook Bureau
02 Dec 2022
10:35 AM
1 Min Read

The park is a joint venture between Vedanta Aluminium and the Odisha Industrial Infrastructure Development Corporation


Vedanta To Set Up Aluminium Park

Vedanta Aluminium has laid the foundation stone at Jharsuguda, Odisha, for the Vedanta Aluminium Park, a joint venture between the company and the Odisha Industrial Infrastructure Development Corporation (IDCO).

A press release from the company noted that the ‘Vedanta Aluminium Park’ will be a world-class industrial facility where companies can set up their manufacturing units and draw hot metal (molten aluminium) from the company’s smelter at Jharsuguda to manufacture their products.

Spread over 253 acres, its aluminium smelter at Jharsuguda has a capacity of 1.75 million tonne per annum.

The company claims that the park will increase productivity by providing priority access to just-in-time high-quality hot metal in any desired quantity, reduced time with instant availability of hot metal and reduced working capital as hot metal transported at the desired temperature will save both effort and cost associated with re-melting,

Moreover, access to Vedanta Aluminium’s Centre of Excellence, R&D facility, and network of start-ups and global experts will provide a significant competitive edge to manufacturers.

The presence of an SEZ (special economic zone) smelter at Vedanta’s Jharsuguda complex is a unique advantage for export-oriented industries to access hot metal for producing their goods. While by eliminating the need for re-melting or long-haul logistics, the park will help curb significant carbon emissions to about 70,000 tonne per annum. It will also help industries produce low-carbon products and decarbonise their operations.

Anil Agarwal, Chairman, Vedanta, said the world looks to India as the next destination for manufacturing, and Odisha is poised to become the go-to destination for investors in India. Odisha, with its natural advantages, is the aluminium capital of India and has the potential to become the aluminium capital of the world, he added.

Interestingly, over the years, Vedanta has invested over INR1 lakh crore and have created over five lakh direct and indirect livelihood opportunities in the State and now the Vedanta Aluminium Park will bring more downstream players to Odisha to maximise value addition and further deepen the industrialisation in the State, Agarwal said.

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