Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Vedanta doubles its contribution to Rs. 201 crores to fight COVID-19

Posted On: 2020-04-03 18:10:19

Vedanta has contributed Rs 101 crores to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund. It will fund up to 200 crores in providing relief measures to communities at large across the country.

This contribution to PM-CAREs fund will complement Vedanta's earlier commitment of creating a 100-crore corpus which is catering to three specific areas - Livelihood of the daily wage workers across the nation, preventive health care, support to all our employees and contract partners across our plant locations.

In a bid to minimise the impact on especially the poor and marginalized sections, Vedanta is providing;

Meals for all

- The company has pledged over 10 lac meals across India to the daily wage earners.
- Over 50,000 stray animals will be fed daily for the entire month.

Healthcare Facilities

- Vedanta has tied up with Ministry of textiles to import 23 machines from China for manufacturing of PPE within the country.

- We have collaborated with District Hospitals to provide them with markings, disinfectant sprays, medical equipment, and medicines.

- BALCO Hospital, in New Raipur, Chhattisgarh has set up isolation wards.

- 100-bed hospital commissioned in Korba, Chattisgarh.

- Our large Cairn Centre of Excellence in Jodhpur handed over to administration to be converted to a quarantine center.

- In the past one week, Vedanta has provided more than 1 lac plus masks and over 15500 Soaps and sanitizers in rural communities.

- Awareness and sensitization campaigns on prevention of the deadly virus were conducted across 263 villages.

Employee Safety & Wellness

- To provide 24X7 health care helpline access operated by Apollo Hospital for all employees during the COVID-19 pandemic.

- Measures taken to ensure employee safety with all preventive health-care amenities in place at all locations in collaboration with resp. district administrations.

Contribution by Employees

- Vedanta employees will donate 1 day's salary which will be matched by the company to help provide immediate relief measures to local communities through the CM relief funds.

Vedanta Chairman Anil Agarwal said: "It is our responsibility to make sure that no one dies of hunger. My appeal to the Government is to provide migrant labourer at least Rs 8,000 every month for the next three months. Govt. has allowed transportation of essential products; it is also important that dhabas & food stalls on the highways remain open for the truck drivers.. We are more than willing to support any initiative in this regard." Mr. Agarwal added, "It is also important for SMEs and critical industries which contribute to sustain the nation's economy, to work with 25 per cent workforce, as they are essential services and are in the continuous process category and they adhere to all norms of safety and hygiene, as prescribed by the World Health Organization."

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Multi Commodity Exchange of India Ltd Board approves dividend of Rs. 30

The Great Eastern Shipping Company Ltd reports loss of Rs. 50.68 crore in Q4 FY20

CreditAccess Grameen Ltd Q4 FY20 consolidated PAT slips to Rs. 28.84 crore

Amber Enterprises India Ltd Q4 consolidated PAT at Rs. 62.84 crore

Mercury Laboratories Ltd Q4 loss at Rs. 0.35 crore

Moody's downgrades India Infoline Finance Limited to B1 from Ba3, ratings remain under review for downgrade

Mercury Laboratories Ltd Board recommends Dividend of Rs. 2 for FY20

MCX Q4 consolidated net profit up at Rs. 65.50 crore

Lemon Tree Hotels Ltd board approves fund raising proposal

Amara Raja Batteries Ltd reports Q4 FY20 consolidated net profit of Rs. 137.30 crore

Seshasayee Paper and Boards Ltd board recommends dividend of Rs. 4

IDBI Bank Back in Black, registers Net Profit of Rs. 135 crore in Q4 FY 2020 after 13 Quarters

Polycab India Ltd reports Rs. 213.93 crore consolidated PAT in Q4 FY20

KEI Industries Ltd posts consolidated PAT of Rs. 62.03 crore in Q4 FY20

Seshasayee Paper and Boards Ltd Q4 FY20 consolidated PAT at Rs. 48.01 crore

The Great Eastern Shipping Company Ltd board declares interim dividend of Rs. 2.70

Kotak Mahindra Bank allots 6.5 crore shares at Rs. 1145 per share

Affle India Ltd Q4 consolidated PAT up YoY at Rs. 15.28 crore

Advanced Enzyme Technologies Ltd board recommends dividend of Rs. 0.60

RCF's Q4 2019-20 profit after tax rises over 190 % over Q4 2018-19

Eris Lifesciences Ltd board to consider Q4, FY20 results on June 2, 2020

Advanced Enzyme Technologies Ltd Q4 consolidated PAT at Rs. 31.33 crore

Kaveri Seed Company Ltd Q4 FY20 consolidated net profit at Rs. 7.57 crore

Kanpur Plastipack Ltd Board recommends final dividend of Rs. 0.60 for FY20

Techno Electric & Engineering Company Ltd to sell its stake in JKTPL

NLC India Limited raises Rs. 500 crore through Commercial Paper

Kanpur Plastipack Ltd Q4 PAT at Rs. 0.47 crore

CRISIL updates on rating of Jubilant Life Sciences Limited

KRBL Limited board to announce Q4, FY20 results on June 9, 2020

Sagar Cements Ltd reports Rs. 1.29 crore consolidated PAT in Q4 FY20

Procter & Gamble Health Ltd posts Rs. 46.46 crore PAT during the quarter ended March 31, 2020

Customer Service a Priority: Maruti Suzuki announces extension of free service and warranty

Suven Life Sciences Ltd board to consider Q4, FY20 results on June 5, 2020

Everest Industries Ltd Board recommends dividend of Rs. 1 for FY20

ESAF Small Finance Bank Profit Soars 110%

Lemon Tree Hotels Ltd Q4 FY20 loss at Rs. 17.91 crore

IndiGo announces the appointment of Dr. Venkataramani Sumantran as an Independent Director

Sundaram Finance FY20 Net Profit at Rs. 724 crores, revenues up 16% at Rs. 3842 crores

KPTL announces execution of share purchase agreement for divestment of stake in Jhajjar KT Transco Transmission Asset

YES Bank acquires 24.19% in Dish TV India Ltd through invocation of pledged shares

V-Mart reports 16% revenue growth and 61% increase in EBITDA y-o-y in FY20

India Ratings Maintains Union Bank of India on RWE

CRISIL assigns 'CRISIL AAA/Stable' Rating on Rs. 500 crores NonConvertible Debenture (NCD) Programme of M&M

SCI Q4 consolidated PAT at Rs. 111.05 crore

IndiGrid announces execution of share purchase agreement for acquisition of Jhajjar KT Transco Private Limited

The Shipping Corporation of India Limited board recommends final dividend of Rs. 0.75

Sundaram Finance Ltd Board recommends Final Dividend of Rs. 3

Equitas Holdings Ltd Q4 consolidated PAT slides to Rs. 14.59 crore

Metropolis Healthcare Ltd Q4 consolidated PAT drops to Rs. 15.49 crore

VOLTAS Ltd Q4 consolidated PAT up at Rs. 158.66 crore

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019