Anil Agarwal-promoted Vedanta Aluminium Business was India’s largest industrial consumer of renewable energy in 2021, leading renewable energy procurement on Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).
The company procured about 2 billion units of renewable energy in calendar year 2021 for consumption at its aluminium smelter in Jharsuguda, Odisha, reducing green house gas emissions by more than 1540 KtCO2e (kilo tonnes of CO2 equivalent) during the year, as per a company statement.
Vedanta Aluminium’s Jharsuguda unit was also India’s largest renewable energy buyer on Green Term Ahead Market (G-TAM) platform at IEX.
Subsidiary Bharat Aluminium Company (BALCO) led the renewable energy trading session, procuring 59% of traded renewable energy certificates (RECs) in November, and a total of over 2,861,700 RECs in the year.
Rahul Sharma, chief executive, aluminium business, Vedanta, said, “We are committed to our vision of achieving net zero carbon by 2050.