Saturday, Apr 20 2024 | Time 06:12 Hrs(IST)
image
Business EconomyPosted at: Jan 13 2022 3:44PM


Vedanta Aluminium became India's largest industrial consumer of RE in 2021

Mumbai, Jan 13 (UNI) Leading aluminium and value-added products producer Vedanta Aluminium Business on Thursday said it has become the largest industrial consumer of renewable energy (RE) in 2021, leading to renewable energy procurement on India's power exchanges.
In a statement issued here, the company said it has procured about two billion units of RE power from the two power exchanges – Indian Energy Exchange (IEX) and Power Exchange India (PXIL) in 2021 for consumption at its Aluminium Smelter in Jharsuguda, Odisha.
With this, the company has managed to reduce the GHG emissions intensity at the smelter by more than 1540 KtCO2e (kilo tonnes of CO2 equivalent) in the year.
Vedanta Aluminium's Jharsuguda unit is India's largest renewable energy buyer on the Green Term Ahead Market (G-TAM) platform at IEX, it said.
Vedanta’s subsidiary Bharat Aluminium Company (BALCO) has led the renewable energy trading session, procuring 59 per cent of the traded renewable energy certificates in November, 2021 alone, and a total of over 2,861,700 certificates in the year.
Speaking about Vedanta Aluminium's ESG vision, Rahul Sharma, Vedanta CEO – Aluminium Business, said, "We are committed to our vision of achieving net zero carbon by 2050. To that end, we have stepped up our endeavours along key three pillars – continuously improving energy efficiency of operations, increasing the quantum of renewable energy in our energy mix, and replacing fossil fuels with greener and cleaner alternatives – all powered by emerging green technologies. Becoming India's largest industrial consumer of RE in 2021 reflects our persistent endeavours to increase the share of green power in our energy mix and accelerate our transition into low-carbon operations," it added.
Vedanta Aluminium Business, a division of Vedanta, is India's largest manufacturer of aluminium, producing half of India's aluminium, nearly 1.97 million tonnes, in FY2021.
UNI PSK RJ
Please log in to get detailed story.
Tags: #Vedanta Aluminium became India's largest industrial consumer of RE in 2021
More News

"CSIR-IICT and BHEL partners to advance clean fuel technology: MoU signed on CO2 to DME"

19 Apr 2024 | 7:23 PM

Hyderabad, April 19 (UNI) The Council of Scientific and Industrial Research-Indian Institute of Chemical Technology (CSIR-IICT) and Bharat Heavy Electricals Limited (BHEL) Corporate R&D have forged a partnership to develop technology for capturing and converting carbon dioxide (CO2) to Dimethyl Ether (DME) through direct catalytic conversion.

see more..

Amara Raja Infra Wins Greenko’s 700MWp solar project in AP

19 Apr 2024 | 6:41 PM

Hyderabad, Apr 19 (UNI) Amara Raja Infra Private Limited (ARIPL), part of the $1.75 billion Amara Raja Group, on Friday announced it has secured a solar BoS (Balance of System) project of 500MW/700MWp from Greenko.

see more..
Sensex recovers 600 points on heavy buying on last day of week

Sensex recovers 600 points on heavy buying on last day of week

19 Apr 2024 | 5:34 PM

Mumbai, April 19 (UNI) Snapping a losing streak of last four sessions, the BSE Sensex on Friday bounced back 599.34 points to close at 73088.33 on expectation of minimal escalation of tension between Israel and Iran.

see more..

19 Apr 2024 | 5:24 PM

Mumbai, Apr 19 (UNI) IT major Wipro on Friday reported 7.80% year-on-year dip in consolidated net profit at Rs 2,834.6 crore for January-March quarter (Q4) of the financial year 2023-24.

see more..
Rupee up 8 paise against USD

Rupee up 8 paise against USD

19 Apr 2024 | 5:05 PM

Mumbai, April 19 (UNI) The Rupee on Friday ended positive at 83.47, rising 8 paise against the USD on selling US Dollar by bankers and exporters, dealers at the Foreign exchange said.

see more..
image