Vedanta bags Best Exporter’s Award for the year 2014-15

The Directorate of Export Promotion & Marketing functions under the M.S.M.E. Department, Government of Odisha to promote the export of goods from Odisha and to provide marketing assistance to MSMEs of the State. Vedanta Ltd., Jharsuguda bagged the ‘Best Exporter’s Award for the year 2014-15’ in a felicitation ceremony organised by the MSME department in Bhubaneswar.

For the first time, Vedanta grabbed this prestigious award in recognition for the export of aluminum product, a coveted spot which is traditionally held by NALCO. The award was given by the State Finance Minister Pradip Amat, MSME Minister Jogendra Behera and the Principal Secretary, MSME Department LN Gupta who lauded the company’s achievement in its business. Mr. Arun Bhatt – Head Corporate Communications, Aluminium Business and Mr. Sarada Mohanty – General Manager, Taxation received the award on Vedanta’s behalf.

Vedanta Ltd. has set up Aluminium smelter & refinery by spending more than Rs. 50,000 crores in Odisha. The company exports Aluminium Ingots, Wire Rods & 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 the FY 2015-16 Vedanta’s contribution to public finance is 42% of its total revenue of the Group as a whole.

It has shown phenomenal growth in the industry considering 43% of its total production was attributed to exports in the FY 2013-14 & 53% of its total production in the FY 2014-15. This sustainable growth was achieved in the export market despite the dreaded global slowdown. Vedanta Ltd., Jharsuguda has bagged the prestigious award “Best Exporter’s Award for the year 2014-15” with a total export of 3912 crores and “Certificate of Excellence Award for the year 2013-14” with a total export of 2840 crores.

In spite of the dreaded global downturn in the commodity market and the dwindling LME prices, Vedanta has shown resilience and great business acumen to achieve this acclaimed distinction.

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