Vedanta Limited - Aluminium Business’ Post

Elevating Odisha's industrial landscape to new heights! Read IPICOL & IDCO MD Bhupendra Singh Poonia's insightful conversation with Sambad on state industrialization, the Make-In-Odisha Conclave, aluminium parks, and green energy. #JoinTheJuggernaut #InvestInOdisha

Odisha’s Loss, Maharashtra’s Big Win! 😂 😖 In some surprising news today, JSW Group is moving its huge electric vehicle (EV) and battery project out of Odisha to Maharashtra. The project was earlier planned to be set up in Paradip and Cuttack,but now it will be set up in Nagpur and Aurangabad. But here’s what’s even more interesting – the size of the investment has gone up! Just in February, JSW committed to investing 40,000 crore in Odisha. The plan was to: - Build a 60,000-tonne lithium-ion refinery along with a 50GWh cell factory (licensed tech from a Chinese firm, name not disclosed). - Set up a massive EV and hybrid vehicle manufacturing plant But now, the same project has shifted to Maharashtra, with an even bigger commitment of Rs 52,000 crore! Here’s the breakdown: - Rs 25,000 crore will go into setting up the lithium refinery and battery cell factory in Nagpur. - Rs 27,200 crore will be invested in the EV manufacturing complex in Aurangabad. It’s a huge loss for Odisha, and many are speculating that the change in the state government played a big role in this shift. Is this a sign that investors are losing confidence in Odisha? But here’s where it gets a bit worrying. Just months before announcing this EV investment, JSW had committed to Rs 75,000 crore for another major project in Odisha. This includes what could be India’s largest single-location plant for steel and cement. Land acquisition for this project is already done, so it’s still expected to move forward, but with JSW pulling out of the EV project, many are left wondering if the same might happen with this one. If that happens, it could seriously hurt Odisha’s reputation as a business-friendly state. Only time will tell if these changes are a one-off, or if we’re seeing a trend here. Let’s hope for the best for Odisha, but for now, Maharashtra surely looks like the clear winner.

why did JSW choose Odisha over other states for setting up an integrated EV facility? And what does the JV mean for MG and JSW individually? Odisha is rich in minerals needed for battery manufacturing. • It has a 480km-long coastline to facilitate exports (the state has ports at Dhamra, Paradip and Gopalpur) to facilitate export-import of goods. • But more importantly it has a stable political leadership, say JSW officials. • The state government’s proactive approach towards industrial development supported by its incentive policy and contribution to sustainable growth, availability of talent, and policy certainty have played a major role in attracting JSW. • Odisha has a single window for investor facilitation and tracking. This has improved ease of doing business.

development starts in Odisha. employment and development will boost Odisha

C4V has formed the strategic partnership with Hindalco Industries Limited for development and supply of battery-grade aluminium foils, coated foils and structural components for li-ion cells. • Hindalco will provide up to 2,000-tonne of battery foil to C4V, over a 5-year period. • Hindalco recently announced the setting up of a 25,000 tonne battery foil manufacturing facility in Odisha. • C4V has already established partnerships in India with Omega Seiki Mobility and Simple Energy. It also plans to set-up manufacturing facility in the country for its advanced EV battery. Source : https://lnkd.in/eqdzNrXM ● C4V has collaborated with Trot Solutions LLP for self sustainable ports of India. This collaboration will focus on incorporating C4V's advanced battery technologies solutions into Trot Solutions' port infrastructure, enabling efficient energy management, reduced emissions, and enhanced environmental sustainability. Source : https://lnkd.in/e8Pu-vzg #emobility #energy #electricvehicles #batterymaterials #sustainability #zeroemissions #racetozero #india

JSW Group’s ₹40,000 Crore EV Project Powers Into Maharashtra, Leaving Odisha Behind In a major boost to Maharashtra's EV ambitions, JSW Group has relocated its ₹40,000 crore electric vehicle and battery project from Odisha to Maharashtra. Here's why Maharashtra emerged as the clear winner in India’s EV race: Leading EV Policies: Attractive incentives, tax breaks, and swift land approvals give Maharashtra a competitive edge. World-Class Infrastructure: Superior highways, ports, and railways enable seamless scaling and logistics. Skilled Workforce: Maharashtra’s top-tier institutions provide an EV-ready talent pool. Speedy Approvals: Streamlined clearances through single-window systems make it a business-friendly state. Collaborative Ecosystem: Strong partnerships with global and domestic EV leaders solidify Maharashtra’s position. #EVRevolution #JSWGroup #MaharashtraLeads #ElectricMobility #Sustainability #IndiaEV

Jindal Steel and Power (JSP) is set to establish the world's largest steel plant in Angul, Odisha by 2030, as announced by esteemed chairman, Naveen Jindal. Steel-making facility to be expanded its capacity from the current 6-MTPA to an impressive 12-MTPA by next year. By 2030, ready to create the largest steel plant globally right here in Angul. During a recent meeting with Odisha's Chief Minister Mohan Charan Majhi, a delegation from the Indian Steel Association (ISA), led by Mr. Jindal, discussed the pivotal role Odisha plays in India's steel industry due to its rich mineral resources and strategic geographical location. Key points discussed included: Potential opportunities for further expansion in the steel industry. Manufacturing of special grade and green steel. Infrastructure growth and sustainable projects like slurry pipelines. JSP remains committed to Odisha’s industrial and economic development. Our collaboration with the government aims to foster growth and sustainability in the steel sector.

Back on the field ... ....on an assignment related to Carbon Emission & it's Quantification at a premium soft metal primary production facility in Chhattisgarh, INDIA. #ghgquantification #sustainabilityreporting #aluminumindustry #carbonfootprint #greenhousegasemissions #renewableenergy

"The Eastern region is blessed with significant resources. States such as Odisha and Jharkhand produce ores and raw materials for running much of its industry. West Bengal, holds advantages in MSMEs and services, and makes it ripe for growth in that sector. Chhattisgarh has a strong industrial presence, on top of its regional reserves and holds promise for sectors such as mining, steel, and power generation. Bihar, with its fertile agricultural land and burgeoning industrial base, presents opportunities for investment in agriculture, manufacturing, infrastructure and as well as services. Our goal at CII is to harvest strategic, targeted public and private investments in the states to see how we can create a strong foundation for robust growth in years ahead. National Government initiatives such as the 'Act East' policy further enhance the possibility of economic development and connectivity in the region, paving the way for increased trade and investment opportunities." - Mr Shiv Siddhant Narayan Kaul, Chairman, CII Eastern Region & Managing Director Nicco Engineering Services Ltd., at the CII ER Annual Regional Meeting & Conference - "Future Ready to be Future Proof" #FutureReady #ARMEast #MSMEsandServices #NaturalResources #CIIER

We are excited to announce that Janvi Kukreja and Sakshi Sahu from Infinite solutions will be attending the Green Steel Summit 2024, organised by CII to share their insights on the following objectives and key feature areas of Steel Industry. Theme: Decarbonizing the Indian Steel Industry 📅 Dates: 25 & 26 July 2024 📍 Venue: Hotel MAYFAIR Lake Resort, Naya Raipur, Chhattisgarh Objectives • To discuss on the latest technologies in Iron & Steel industry • To attract investors (both domestic & global) into Indian Steel sector • To identify key opportunities for various stakeholders of Indian steel industry • To identify & discuss on various avenues for future growth of the industry Key Focus Areas • Decarbonizing Indian Steel Industry – Immediate Challenges and Way Forward • Energy Transition – Renewable Energy and Decarbonizing opportunities • Doubling the annual Energy Efficiency improvement in Steel sector – Technological Intervention • Net Zero and Carbon Market Potential & Opportunity • Technological advancement in Green Steel making process • Cleantech opportunities for Secondary Steel manufacturers We look forward to engaging discussions and valuable insights that will drive the future of the steel industry towards sustainability and growth. Meet us there to connect and collaborate! #InfiniteSolutions #GreenSteelSummit #SteelIndustry #Sustainability #Innovation #InvestmentOpportunities #Decarbonization #CII