Tatsat Chronicle Magazine

Vedanta declares Rs. 331 crore CSR spend in FY 2020-21

September 7, 2021

Vedanta Limited, a subsidiary of Vedanta Resources, has said it spent Rs 331 crore in fiscal 2020-21 on its corporate social responsibility (CSR) programmes positively impacting the lives of over 4.23 crore beneficiaries.

A company CSR report released said its focus areas had been pandemic relief work, children’s well-being and education, women’s empowerment, healthcare, sustainable agriculture and animal welfare, environmental protection and restoration, and development of community infrastructure. Vedanta’s CSR spend was 28 per cent or Rs 93 crore above the stipulated requirement.

“Vedanta Ltd has positively impacted the lives of 4.23 crore people across the country through its various social development initiatives,” the company said in a statement.

Vedanta committed Rs 201 crore to the battle against Covid-19, including a Rs 101 crore donation to the PM-CARES Fund, and an additional Rs 100 crore corpus for supporting communities, daily wage workers, providing preventive healthcare and welfare for employees, contract partners and business partners.

Additionally, this year under Vedanta Cares, field hospitals were set up with 100 critical care beds that included oxygen and ventilator support across 10 locations. According to the report, over 20 lakh litres of oxygen was supplied to Covid-affected patients.

Releasing the report, Vedanta Resources Chairman Anil Agarwal, said, “Over the years, Vedanta has been positively impacting lives, through healthcare, education, skilling, and livelihood providing inclusive development of our communities and developed trust with our communities. We will continue to scale this up as much as possible”.

Vedanta Resources Director Priya Agarwal Hebbar said the company had over the years built an impactful CSR programme, but this time around it had gone beyond its scope of traditional activities with a stronger focus on protecting lives during the pandemic.

“We believe every mother and child should get the opportunity they deserve to grow and with this purpose in mind we developed the Nand Ghar programme,” Agarwal Hebbar said.

The company is also launching a first-of-its-kind animal welfare project to provide world-class infrastructure, veterinary services, training facilities and shelters in partnership with global academic institutions and knowledge partners, she added.