Bhubaneswar: Vedanta Ltd., Jharsuguda has bagged the “Best Exporter’s Award for the year 2014-15” in a felicitation ceremony organized by the MSME department, said a release on Tuesday.
Vedanta bagged the prestigious award with a total export of 3912 crores. It has also been awarded “Certificate of Excellence Award for the year 2013-14” with a total export of 2840 crores.
For the first time, Vedanta grabbed this prestigious award in recognition for the export of aluminum products. The award was given by the State Finance Minister Pradip Amat, MSME Minister Jogendra Behera and MSME secretary LN Gupta, who lauded the company’s achievement in its business.
Head Corporate Communications, Aluminium Business, Arun Bhatt, and General Manager, Taxation Sarada Mohanty received the award on Vedanta’s behalf.
Vedanta Ltd. has set up aluminium smelter and 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.