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…
Author: Industry Odisha
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…
Bhubaneswar, Odisha, December 14, 2024: Vedanta Aluminium,which is India’s largest aluminium producer, has expanded its Swarna Prashan initiative, now reaching more than 6,400 students across 15 government schools in Odisha’s Rayagada and Kalahandi districts. The program, rooted in Ayurvedic traditions, seeks to strengthen immunity and cognitive development among children in underprivileged regions. Highlighting the company’s focus on child health and community development, Mr. Sunil Gupta, Chief Operating Officer of Vedanta Aluminium, said, “Our collaboration with the Government of Odisha and the Ministry of AYUSH focuses on leveraging traditional practices to improve children’s health in underserved areas. Supporting children’s growth is…
New Delhi, 14/12/2024: Union Coal and Mines Minister G. Kishan Reddy reaffirmed India’s continued reliance on coal-based power at a major industry event on Thursday. Speaking at the launch of the 11th round of commercial coal mine auctions, the minister underlined the central role coal continues to play in the country’s energy mix. Stressing its importance, he remarked, “Power is not possible without coal, and life is not possible without power,” emphasizing that coal remains indispensable for meeting India’s rising energy requirements. Reddy drew attention to the global scenario, noting that several nations are currently facing power shortages that have…
New Delhi, India, 14.12.204: On Thursday, the Indian government awarded Letters of Award (LoAs) to four entities for availing fiscal incentives totaling ₹4,150 crore. This substantial financial support aims to set up coal gasification projects, marking a significant move towards enhancing the country’s energy infrastructure. Among the recipients of these awards is BCGCL, a joint venture between Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL). The government has distributed the Letters of Award to several key players in the coal and energy sector. These include a consortium of CIL-GAIL, Coal India Ltd., and New Era Cleantech Solution Pvt…
New Delhi, India, December 14, 2025: Sterlite Power Transmission Ltd. (SPTL), a leading player in the power transmission sector, has successfully secured funding of ₹725 crore, backed by GEF Capital Partners and Enam Holding. This substantial infusion of capital is expected to significantly strengthen the company’s manufacturing capabilities, particularly in the production of power conductors, Optical Ground Wire (OPGW), and power cables. A major highlight of the investment plan is the establishment of a state-of-the-art plant in Baroda, aimed at expanding Sterlite Power’s capacity to meet the surging global demand for high-quality transmission products. Investment Details and Stakeholder Contributions The…