Vedanta appoints Ajay Kapur as CEO of aluminium & power business
Kapur was earlier MD & CEO for Ambuja Cement’s India business.
Vedanta has announced the appointment of Ajay Kapur as the chief executive officer of its aluminium and power business and member of the group’s executive committee.
Kapur joins Vedanta from Ambuja Cement, where he was the managing director & chief executive officer for their India business.
“Ajay will provide leadership for unlocking the full potential of our aluminium & power business, which is a $ 10 billion asset with a revenue of $ 6 billion."
Vedanta produces 2.3 million tonnes of aluminium per annum, generates 8 giga watts of power, and operates 2 MTPA of alumina refinery.
“Ajay will provide leadership for unlocking the full potential of our aluminium & power business, which is a $ 10 billion asset with a revenue of $ 6 billion. His enormous experience in the infrastructure sector will definitely work towards driving growth of India’s largest aluminium capacity. We look forward to Ajay’s contributions in taking our aluminium business to new heights and creating long-term and sustainable value for our shareholders,” said Anil Agarwal, executive chairman, Vedanta Resources.
Kapur will drive key priorities for the aluminium business, which include strong focus on HSE, volume and cost, organisation and talent management and improving efficiencies.
Speaking on his appointment as CEO, Vedanta Aluminium and Power, Ajay Kapur said, “Vedanta is a progressive organisation with a wide presence across natural resources, strong asset footprint, financial strength and above all strong values. I am excited to join Vedanta as CEO for aluminium and power, where I see a great opportunity for growing the business and unlocking its true potential in one of the fastest growing economies in the world, where the per capita consumption of natural resources is still nascent. I am also keen to drive the sustainability agenda for the business and look forward to working closely with the entire leadership team in Vedanta’s growth journey.”