Mining giant Vedanta Group spent $44 million on social projects in 2020-21

MINING giant Vedanta Group spent Rs 3.31 billion ($44.4 million) on social initiatives in the fiscal year 2020-21, the company said in a statement on Wednesday (21).

In the previous year, the company had spent Rs 2.96 billion ($40 million) on its Corporate Social Responsibility (CSR) initiatives, which includes projects related to education, health, sustainable livelihoods, women empowerment, sports and culture, environment and community development.

"Vedanta Group...is focused on its commitment towards communities as it spent Rs 3.31bn (£32.4m) on social impact initiatives in FY2021," it said.

The conglomerate’s spend is 28 per cent more than the stipulated requirement.

Vedanta is committed to conducting its business in a socially responsible, ethical and environment-friendly manner and continuously works towards improving quality of life of the communities in and around its operational areas, the company statement said.

"We have been in the forefront of supporting the government in the fight against Covid-19,” it said.

During the pandemic Vedanta established field hospitals, helping district hospitals across states.

"Our effort on the mega vaccination drive for employees, families and business partners has ensured a safety net for the communities," Vedanta Chairman Anil Agarwal said.