Vedanta Ltd sets up Rs 100 crore fund for vulnerable communities

New Delhi: Mining major Vedanta Ltd on Sunday announced the setting up of a Rs 100 crore fund to support daily wage workers, and employees along with healthcare measures for the communities staying in and around its plant locations.

As part of other measures, Vedanta will not cut salaries or layoff any staff, including temporary workers during this crisis period, the company said in a statement.

“Vedanta Ltd today announced setting up of a dedicated Rs 100 crore fund as part of its endeavour to join ranks with the Government of India to combat the widespread outbreak of deadly COVID-19. The fund will cater to three specific areas — livelihood of the daily wage worker, employees and contract workers, preventive health care and will provide timely help to communities in and around various plant locations of the company,” it said.

The group has also decided to provide special one time insurance to cover Vedanta’s employees and their families against coronavirus. Further, all mobile health vans in operational areas will aide in preventive healthcare and each business unit will contribute towards the livelihood of daily wage earners around plant locations like tea sellers and vegetable vendors, the company said. (IANS)

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