India’s Vedanta announces INR 100 Cr fund to combat Coronavirus

Vendanta Ltd Coronavirus fund
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India’s metals and mining conglomerate Vedanta Ltd on Sunday announced setting up of an INR 100 crore fund in a move to join forces to combat Coronavirus. The fund is targeted to serve 3 chief areas including Livelihood of the daily wage workers, employees & contract workers, preventive health care along with providing timely help to communities in and around various plant locations of the company.

Anil Agarwal, Executive Chairman of Vedanta Ltd said in a statement,

“The world is currently putting up a spirited fighting against COVID19. The Government of India along with state governments have so far done exemplary work to contain the spread of the virus. It is critical that corporate houses should assist the government in the fight against this deadly virus by contributing to the best of their ability so that the nation has adequate resources to take care of its citizens and provide both medical and financial assistance,”

“This fund is a first step on Vedanta’s behalf and we will increase the corpus if the need arises. Further, we will also assist the communities at our various locations in case of loss of livelihood” – Agarwal added

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