Vedanta Aluminium plans to expand its capacity at its Special Economic Zone (SEZ) unit in Jharsuguda, increasing its Primary Foundry Alloy unit by 120 kilotonnes per annum.
Driving the automotive industry forward
Primary Foundry Alloys (PFAs) are crucial in manufacturing automotive components like alloy wheels, cylinder heads, engine blocks, and transmission housings. Vedanta’s PFAs are engineered to meet global quality standards, making them a preferred choice for automakers worldwide.
The global PFA market is growing at 5.8 per cent CAGR, with India outpacing this at 6.5 per cent annually. Projections indicate India’s PFA market will grow at 7 per cent CAGR over the next five years, aligning with global trends and aligning with initiatives like Make in India, Product-linked incentive schemes, and EV adoption.
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A strategic milestone
According to Rajiv Kumar, CEO, Vedanta Aluminium said, “The expansion of our Primary Foundry Alloy capacity is a significant milestone in our journey to enhance value for our customers and position India as a global hub for advanced aluminium solutions, strengthening the Aatmanirbhar Bharat mission. It is a strategic move that strengthens our ability to serve evolving industry needs with unmatched quality and reliability.”
Sunil Gupta, COO, Vedanta Aluminium, added, “As we broaden our portfolio of value-added products, we are not only supporting the shift towards lightweight, fuel-efficient vehicles but also contributing to the growth of indigenous manufacturing and reducing India’s reliance on imports.”
Advanced technology
The company has expanded the facility with advanced casting lines from Spain and advancements in in-line metal treatment, degassing, and vertical chill casting technology. This enables the company’s PFAs to meet high quality and reliability standards, enabling the company to serve markets outside India, including Europe, North America, and Asia.
Sustainability at the core
Sustainability is a core pillar of the company’s growth strategy, as evidenced by its Aluminium Stewardship Initiative (ASI) Chain of Custody certification. This certification covers PFAs, billets, wire rods, and low-carbon aluminium lines, ensuring traceability, ethical practices, and reduced carbon footprint.
