Vedanta Aluminium Appoints Ravi Paliwal as CEO, Ash Management

Brings 27 years of experience, primarily in the energy sector

New Delhi, August 6, 2024: Press Release – Vedanta Aluminium, India’s largest aluminium producer, announced the appointment of Ravi Paliwal as CEO, Ash Management. Ravi will oversee ash management operations, focusing on leveraging technology and processes to enhance resource efficiency and explore new avenues for utilizing the voluminous by-product of thermal power generation, promoting circular economy avenues. Apart from Vedanta Aluminium, Ravi will be responsible for ash management operations of Vedanta’s power business (which includes Talwandi Sabo Power Plant, Meenakshi Energy, and Athena) and Hindustan Zinc Limited.

Ravi, a seasoned industry professional with more than 27 years of diverse experience, will bring extensive expertise to Vedanta Aluminium’s operations. Before joining Vedanta, he served as the Senior Vice President of Contract, Commercials, and Materials at Bajaj Energy. T Prior to this, he held senior managerial positions at JSW Energy and Nabha Power (Larsen & Toubro). He excels in purchase functions, supply chain management, vendor development, and service contracts.

Sharing his views on the appointment, John Slaven, CEO, Vedanta Aluminium, said, “We welcome Ravi Paliwal onboard as CEO of Ash Management. His rich experience and insights will be key to driving greater excellence in our ash management initiatives. This effort aligns seamlessly with our broader sustainability agenda, which includes developing suitable avenues to generate value from byproducts such as fly-ash, while also moving towards 30% renewable energy mix by 2030.”

On his appointment, Ravi Paliwal, CEO, Ash Management, Vedanta Aluminium said, ” I am excited to lead ash management for Vedanta and look forward to contributing to Vedanta Aluminium’s vision of promoting a circular economy and driving sustainability in our operations by exploring new avenues for ash utilization.”

Vedanta Aluminium operates India’s largest portfolio of captive power plants, making effective ash management crucial as ash is a primary by-product of thermal power generation. The company is focused on enhancing resource utilization and exploring innovative applications for ash. For instance, fly ash has significant uses in the cement industry, and is also commonly used in applications such as brick-making and road laying. Vedanta Aluminium has also established partnerships to supply fly-ash to leading cement manufacturers to produce low-carbon cement and is actively seeking other ways to promote a circular economy agenda.

Recognised as the world’s most sustainable aluminium producer by the S&P Global Corporate Sustainability Assessment (CSA) 2023, Vedanta Aluminium is deliberately and progressively advancing towards its Net Zero target by 2050 (or sooner). This is being done through reducing and offsetting carbon footprint, notably by increasing the quantum of renewables in the energy mix, enhancing manufacturing excellence to ensure higher operational efficiencies, and transitioning to low-carbon energy sources such as biofuels.

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.37 million tonnes in FY24. It is a leader in value-added aluminium products that find critical applications in core industries. Vedanta Aluminium ranks 1st in the S&P Global Corporate Sustainability Assessment 2023 world rankings for the aluminium industry, a reflection of its leading sustainable development practices. With its world-class aluminium smelters, alumina refinery and power plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.

About Vedanta Limited:

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta’s strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies have been featured in Dow Jones Sustainability Index, and was conferred Frost & Sullivan Sustainability Awards 2020, Golden Peacock Award for excellence in Corporate Governance 2022 and certified as a Great Place to Work 2022. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

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Disclaimer:

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “should” or “will.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional, and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Source : vedantaaluminium