Vedanta Aluminium, a significant arm of the Vedanta Group, has achieved a notable milestone in its journey towards sustainability by dispatching its first consignment of green aluminium. This initial supply, consisting of 300 metric tons (approximately 661,387 pounds) of Restora Billets, is directed to Global Aluminium, marking them as the first domestic customer for this eco-friendly product. The announcement, made on November 15, underscores Vedanta Aluminium’s commitment to producing low-carbon products and supporting global climate goals.
The agreement between Vedanta Aluminium and Global Aluminium involves the utilization of Restora Billets in various extrusion profiles. These profiles will undergo comprehensive in-house value addition, including anodising processes, aluminium powder coating, and precision machining facilities. This collaboration signifies a significant step in establishing a greener value chain within the industry.
Introduced last year, the Restora brand represents Vedanta’s commitment to green initiatives, positioning the company as India’s premier non-ferrous metal producer of low-carbon aluminium products. The Restora line boasts a greenhouse gas emission intensity of less than 4 metric tons of CO2 equivalent per tonne of aluminium, aligning with international standards for low-carbon aluminium.
The process of extrusion, crucial to this partnership, involves forcing aluminium billets through dies to create custom shapes. These extruded products find widespread applications across various sectors, including automotive, construction, architecture, aeronautics, and renewable energy industries.
Anil Agrawal, the managing director of Global Aluminium, emphasized the significance of the Restora range in a related press release.
“Restora range of products will be a gamechanger in enabling players in the domestic extrusion industry to reduce their carbon footprint and establish a greener value chain.”
Vedanta’s recent performance report further illustrates the company’s growth trajectory. In the quarter ending September, Vedanta reported a 2 percent year-over-year increase in alumina production at its Lanjigarh refinery and a 17 percent rise from the previous quarter. Similarly, cast metal aluminium production rose by 2 percent year-over-year and 3 percent from the preceding quarter, totaling 594 kilotonnes (approximately 1.31 billion pounds).
Despite these production gains, Vedanta posted a net loss of Rs 915 crore in the July-September quarter, contrasting with a net profit of Rs 2,690 crore in the same period last year. However, the company’s revenue saw a 6.4 percent increase, reaching Rs 38,546 crore.