India's diversified natural resources company, Vedanta Ltd. has achieved the landmark of becoming the first company in the Indian aluminum and power industry to be awarded the ISO 55001
Vedanta's Aluminum and Power business unit in Jharsuguda received the certification by the International Organization for Standardization (ISO). The certification covers the facility's 1.75 MTPA aluminum smelter, 9X135 MW Captive Power Plant (CPP) and 4X600 MW Independent Power Plant (IPP). The Aluminum and Power business in Jharsughuda is the second in the Vedanta Group and 3rd in India to have achieved this success.
Vedanta Group began the conceptualization and implementation of Asset Optimization framework. ISO 55001:2014 Asset Management system, which aims to take this journey a notch up by aligning Asset Optimization practices with the International Standards in terms of pro-actively managing life-cycle of assets, balancing cost and associated risks and satisfaction of stakeholders' expectation efficiently.
"Vedanta has envisioned the need to value its assets. We strive for benchmarking with the best in the Aluminum industry. The ISO certification is a testimony to Vedanta's relentless drive towards implementation of benchmark management systems to enable better integration and audit processes," said CEO Aluminium Business Vedanta, Abhijit Pati.
"Vedanta's Jarsughuda business unit has demonstrated that it adheres to high global standards in achieving consistency as well as sustainability across our businesses. This recognition encourages us at Vedanta to continue adapting more efficient management systems that ultimately boost our bottom-line along with our social license to operate (SLIO)," said Tom Albanese, CEO Vedanta.
