Vedanta Limited

Vedanta Limited is a mining company based in India, with its main operations in iron ore, gold and aluminium mines in Goa, Karnataka, Rajasthan and Odisha. Vedanta (then called Sterlite industries) began in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and began to buy mining concessions in different states of India.

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia. Vedanta is a leading producer of Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power. The company has been conferred with the CII-ITC Sustainability Award, a FICCI CSR Award, Dun & Bradstreet Awards in Metals & Mining, and The Great Place to Work Award.

CSR INITIATIVES:

The company took measures like Support to Primary Health Centres; HIV/AIDS awareness programmes; Health camps; Mobile Health Vans; Specialist doctor support; Nutrition programmes, Early Childhood Education, Scholarships, Infrastructure support, Computer-aided Digital classrooms, E-learning modules, Nutrition, Women Empowerment & Training, Solar Panels Installation, Exam preparation & Guidance, Community Mobile Medical Vans, and Sanitation, Provision of drinking water; Construction of toilets; RO plant setup; Digging of bore wells; Hand pump repair/installation; Sanitation drives, Self-Help Groups (SHG); Women’s co-operatives; Micro-enterprises, Sewing centres; Vocational training centres; Technical & computer literacy programmes; Traditional crafts and painting training & various other initiatives in the agriculture sector, sports, community infrastructure.

COVID-19 RESPONSE:

Vedanta committed Rs 201 crore in the battle against Covid-19, which included Rs 101 crore donations to PM-CARES Fund and an additional Rs 100 crore corpus for supporting communities, daily wage workers, preventive healthcare and welfare of employees/contract partners/ business partners. The company imported 23 PPE machines recently in collaboration with the Ministry of Textiles and has teamed up with authorized apparel manufacturers to roll out over 5000 PPEs per day. Existing resources were utilized and offered to government for combating COVID-19 effectively and efficiently in time-bound manner. Some other donations & contributions were done on small levels.

Their shareholding pattern consists of Promoters and Promoter Group having 65.18% of shares, Public having 13.61% shares’ following by FII’s having 10.29% shares and DII’s with 10.6% shares, Non Promoters – Non Public having 0.32%.