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Vedanta sets up Rs 100 crore fund for coronavirus fight

Mineral and metal conglomerate Vedanta  set up Rs 100 crore dedicated fund as part of its endeavour to join ranks with the government 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 timely help to communities in and around various plant locations.

“The world is currently putting up a spirited fighting against COVID19. It is critical that corporate houses 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. I request every citizen in the country to stay safe and act responsibly. If we stay positive and take adequate precautions we will emerge stronger,” said Anil Agarwal, executive chairman, Vedanta Resources.

  As part of other measures, Vedanta will not cut salaries or fire any staff, including temporary workers during this crisis period. It has also decided to provide special, one time insurance to cover employees and their families against COVID-19. 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.

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