Thursday, December 5, 2024
Thursday, December 5, 2024
Home BuisnessMarket Insight Vedanta’s focus as a subsidiary partners with GAIL Gas for sustainable aluminum production

Vedanta’s focus as a subsidiary partners with GAIL Gas for sustainable aluminum production

by PratapDarpan
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Shares of Anil Aggarwal-led Vedanta are likely to remain in focus on Thursday as the company’s subsidiary and India’s largest aluminum producer Vedanta Aluminum has partnered with GAIL Gas to secure natural gas supply to its Jharsuguda smelter.

Under the agreement, GAIL Gas will construct a 7.5 km pipeline to deliver around 32,000 standard cubic meters (SCM) of natural gas per day to Vedanta’s Jharsuguda smelter, the world’s largest aluminum plant, ET reported earlier.

This is a five-year contract and will primarily support a new 430 kilo tonne per annum (KTPA) cast house designed to produce billets and other high-value aluminum products.

The initiative aims to significantly reduce carbon emissions and increase productivity, aligning with Vedanta’s goal of achieving net zero emissions by 2050. The transition to natural gas is expected to begin by the end of 2025 and will result in a reduction of approximately 47,292 tonnes annually. CO₂ equivalent (tCO₂e), previously reported by ET.

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    “At Vedanta, sustainability is at the heart of everything we do. Our partnership with GAIL Gas Limited is a testament to our commitment to reduce carbon emissions and adopt cleaner energy solutions. By transitioning to natural gas at our Jharsuguda operations—the world’s largest aluminum plant—we are taking a decisive step toward aligning our operations with India’s clean energy vision and our ESG goals. This partnership is a step in our journey to grow responsibly and create a greener future for generations to come,” said Priya Aggarwal Hebbar, Non-Executive Director of Vedanta and Chairperson of Hindustan Zinc.

    The Jharsuguda plant is also certified by the Aluminum Stewardship Initiative (ASI), a global benchmark for sustainability in the aluminum sector.

    Shares of Vedanta fell 0.87% on BSE on Tuesday to Rs. closed at 443.25.


    (disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of The Economic Times)

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