The Vedanta ltd, Jharsuguda bagged the ‘Best Exporter’s Award for the year 2014-15’ in a felicitation ceremony organised by the MSME Department here recently.
For the first time, the Vedanta grabbed this prestigious award in recognition for export of aluminum products. The award was given by Finance Minister Pradip Amat, MSME Minister Jogendra Behera and MSME Department Principal Secretary lN Gupta who lauded the company’s achievement in its business.
Head of Corporate Communications, Aluminium Business Arun Bhatt and General Manager, Taxation Sarada Mohanty received the award on the Vedanta’s behalf.
The Vedanta has set up its aluminium smelter and refinery in Odisha by spending over Rs 50,000 crore. The company exports aluminium ingots, wire rods and billets to Brazil, China, Bulgaria, Mexico, Middle East, and countries in the Far East. It has been working as the engines of growth which will lead to increased foreign exchange and economic activity through higher export and provide world-class infrastructure in the State. In 2015-16, the Vedanta’s contribution to public finance was 42% of the total revenue of the group as a whole.
The company has shown phenomenal growth in the industry considering 43% of its total production attributed to exports in 2013-14 and 53% of its total production in 2014-15. This sustainable growth was achieved in the export market despite the dreaded global slowdown. The Vedanta, Jharsuguda bagged the 2014-15 award with a total export worth Rs 3,912 crore and ‘Certificate of Excellence Award for 2013-14” with a total export worth Rs 2,840 crore.