ISSUE 66 | VOL 13 | October 01, 2021

CHAIRMAN AWARDS NAND GHAR BU UPDATES

I would like to thank Vedanta for being supportive at every step of the way. Vedanta ney humesha pehley support kara, phir medal ki umeed kari. They have played a big role in fulfilling my father’s dreams and wishes.

-Devendra Jhjajharia, Indian Paralympian

VEDANTA HAS BEEN VERY SUPPORTIVE

VEDANTA IN THE NEWS

NEWS ON INDIAN CORPORATES

INTERNATIONAL PEERS

Vedanta Newsdesk

“My message is to invest in India. The time is now. The next 25 years, India will be the growth engine of the global economy, like China was in previous decades. Not only is India a large market, but also has tremendous human resource capital. Prime Minister Modi’s vision of a self-reliance with strong reforms in place, charts a clear growth path for India’s opportunity. UAE and India share a rich cultural and business heritage. Both countries have a lot to share and offer each other. A strong partnership will bring new vigour in making Asia a global business hub and lead the world economy in the 21st century.”

VEDANTA IS A BALANCED COMPANY

Thank you for covering such a broad range of important topics which are very close to your heart. Vedanta is indeed a very balanced company. Your commitment to diversity is a big learning for us as well. I really appreciate the magnitude and scale of Vedanta’s ESG initiatives, and the philosophy of 'wealth creation’ and 'wealth sharing'.

VEDANTA WILL LIVE FOR ANOTHER 500 YEARS

Vedanta will emulate the Tata Sons model. My vision is that Vedanta should also be an institution and live for another 500 years. I am proud that we contribute 1% of GDP, employ 100,00 people, pay the highest tax to the Government (Rs 2.74 lakh over the past decade), and rank on top of Dow Jones Sustainability Index in Asia.

“The strength and vigour of our Paralympic heroes is absolutely commendable. We at Vedanta are extremely proud of them and it is an honour that we can contribute to their journey in some way. Project Divyang has been formed keeping in mind all the hardships para-athletes have to go through, and we are happy that we can help them emerge victorious and make our country proud.”

"We are thankful to the Government of Dubai and the Government of India for making Vedanta a partner at the Dubai Expo. We know that this is a large event where several people from across the world participate. It's a platform to not only show the world what you are and what you can contribute, but also learn from the world. We are looking forward to this event with a lot of excitement."

ANIL AGARWAL,CHAIRMAN, VEDANTA

KAUSTUBH KULKARNI,HEAD OF INVESTMENT BANKING, INDIA AND SOUTH EAST ASIA, JPMORGAN

INVEST IN INDIA

CHAIRMAN’S KEYNOTE ADDRESS AT THE JP MORGAN INDIA INVESTOR SUMMIT

PROUD TO BE CONTRIBUTING TO THEIR JOURNEY

Vedanta Group has announced its partnership with the Indian government to showcase India’s growth potential at the India pavilion in Dubai Expo 2020. The six-month long celebration commences on October 1 in Dubai.Vedanta will be showcasing opportunities in the Sustainability and Natural resources sector, as well as bring to life India’s growth opportunities as part of the vision of Atmanirbhar Bharat.India is at the cusp of economic transformation and Prime Minister Narendra Modi has set a vision that, in the coming years, the nation will grow from a USD 2.6 trillion to a USD 5 trillion economy and then eventually become a USD 10 trillion. The India Pavilion at Expo 2020 Dubai will showcase the resurgent India marching ahead to become a global economic powerhouse.The Expo is a technological marvel that will capture the vibrant Indian culture and its heritage besides the capabilities and opportunities that it presents as a global economic hub to the domestic as well as the foreign investors. The Expo will also focus on harnessing the trade links between India and UAE by reinforcing economic visions and complementing human resources to enhance the robust and promising partnership between the two partner nations.

The India Pavilion

The India Pavilion will see participation from several Indian states who will be displaying their culture, tradition, and tremendous business opportunities along with the top corporate groups from India, and the public sector companies. Large number of prominent Government ministers, officials, celebrities are set to visit India Pavilion during the six months of Expo 2020, which will also host number of cultural events.

Vedanta Chairman Anil Agarwal organized a special event to congratulate para-athletes for their exemplary performance at the Tokyo Paralympic Games. Gursharan Singh, Secretary-General of the Paralympic Committee of India, along with the three heroes, Devendra Jhajharia, the first Indian in history to win a gold medal twice for Javelin, Parul Parmar, renowned international badminton player who has won 29 medals (19 gold, 6 silver, 4 bronze), and Sundar Singh Gurjar, who has won several gold medals in Javelin for the country, participated in the virtual meet.Vedanta Cairn’s ‘Project Divyang’ has been supporting 10 para-athletes, out of which two won medals at the Paralympic Games this year. The athletes are provided regular coaching, sports training and, nutritional support across the country so they can focus on their training and performance. The athletes are also supported with the best sports kits, equipment, specialized training, physiotherapy, exposure to domestic and international competitions and incentives for exceptional performances.Through Project Divyang, we aspire to build a bridge between sports and social awareness, contributing to the development of more equitable society with respect and equal opportunities for all.

VEDANTA PARTNERS WITH GOVT TO SHOWCASE INDIA’S GROWTH POTENTIAL AT DUBAI EXPO 2020

ANIL AGARWAL REAFFIRMS SUPPORT FOR INDIA’S PARALYMPIC HEROES

Anil Agarwal led-Vedanta Ltd will delist its American Depository Shares from the New York Stock Exchange to terminate its ADS program, which represents 4 per cent of the Company's equity. Upon delisting, the company "will concentrate" all trading of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India Limited in India (NSE)," Vedanta said in a stock exchange filing. The company said the decision to delist ADS from the NYSE is aimed at simplification and triggered by the low trading volumes in the security. (Economic Times)

The Adani Group will invest $20 billion in clean energy generation, component manufacturing, transmission, and distribution over 10 years, chairman Gautam Adani said. The size of the investment rival’s fellow billionaire Mukesh Ambani’s $10 billion push into green energy over three years. (Mint)

As many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have evinced interest for setting up solar manufacturing units under a production linked incentive scheme of the government. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is aimed at adding 10,000 MW manufacturing capacity of integrated solar PV modules entailing direct investment of Rs 17,200 crore. (Business Standard)

Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) plans to invest over Rs 1 lakh crore over the next five years in raising petrochemical production capacity, gas business, clean fuel and augmenting marketing infrastructure, its chairman Arun Kumar Singh has said. The investment will help BPCL prepare for the future where conventional fuels and zero-carbon mobility in form of electric vehicles (EVs) and hydrogen will co-exist, while giving it the option to convert a greater degree of crude oil directly into high-value petrochemicals. (Mint)

Tata Power has restarted fund-raising efforts for its renewables business, six months after pulling out of negotiations with Malaysia’s Petronas for up to $2 billion investment. It ’s now looking to raise Rs 4,000-5,500 crore ($500-750 million) for Tata Power Renewables Energy (TPREL), the subsidiary of listed Tata Power, said people aware of the matter. (Economic Times)

Tata Steel joined the Sea Cargo Charter (SCC), which seeks to reduce the environmental impacts of global seaborne cargo, the company said on Monday. It is the first steel manufacturer to sign the worldwide agreement. (Mint)

Jindal Steel and Power Limited (JSPL) aims to start mining at Kasia iron ore block within a month, its Managing Director V R Sharma said. The integrated steelmaker on Thursday announced bagging of the block, which has total reserves of 278 million tonnes. (Economic Times)

Sushil Chandra Mishra, Chairman and Managing Director (CMD) of Oil India said that that OIL has been awarded a total of 25 blocks under Open Acreage Licensing Policy (OALP) Round covering a total area of 48,796 sq. km. These acreages are in the state of Assam, Arunachal Pradesh, Tripura, Nagaland, Odisha, Rajasthan and offshore areas in Andaman and Kerala-Konkan. (Economic Times)

Reliance Industries is in talks to buy a stake in mobile content provider Glance InMobi, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the unicorn backed by Google, the people said, asking not to be identified as the information is private. The transaction could be completed as soon as in the next few weeks, one of the people said. (Times of India)

U.S. oil majors Exxon Mobil Corp and Chevron Corp have failed to meet a core transparency standard set by the Extractive Industries Transparency Initiative, a global anti-corruption body on which the companies have board seats, EITI said on Wednesday. Exxon and Chevron have declined to publicly disclose taxes and other payments they have made to governments in the countries where they operate that are not EITI members, the group said in a spreadsheet detailing member company adherence to its standards. (Reuters)

Britain threw refiner Essar Oil UK a lifeline on Tuesday with a phased tax payment deal, allowing it to keep producing just as the country struggles with motorists draining petrol stations in a panic-driven buying frenzy. Essar Oil, which runs the 200,000 barrel-per-day Stanlow refinery, had been in talks with HM Revenues & Customs (HMRC) over extending a January deadline to repay hundreds of millions of pounds in deferred taxes. (Times of India)

England -BP said nearly a third of its British petrol stations had run out of the two main grades of fuel on Sunday as panic buying forced the government to suspend competition laws and allow firms to work together to ease shortages. Lines of vehicles formed at petrol stations for a third day running as motorists waited, some for hours, to fill up with fuel after oil firms reported a lack of drivers was causing transport problems from refineries to forecourts. (Reuters)

Australia-based miner MMG Ltd said on Monday it would stop operations at its copper mine at Las Bambas in Peru this week, as community protests in a nearby province has upended transport. The announcement comes days after a bus in the Peruvian Andes transporting contract workers at the copper mine plunged off a cliff, killing 16 people and injuring two. (Reuters)

Rio Tinto and Canadian union Unifor have reached a labour agreement in principle for the global miner's operations in the western Canadian province of British Columbia, the company said on Sunday. The agreement comes after weeks of second-round talks between the two parties after the first round of negotiations over proposed changes to workers' retirement benefits and unresolved grievances had failed to go through in July. (Reuters)

ANIL AGARWAL,CHAIRMAN, VEDANTA

ANIL AGARWAL,CHAIRMAN, VEDANTA

SUNIL DUGGAL,GROUP CEO

The Chief Development Officer, Dr Ankur Lathar acknowledged Nand Ghar's efforts on ground, working towards e-learning, primary healthcare and covid relief through an appreciation letter. She further appreciated Vedanta's contribution of the Oxygen Plant for Tilloi Covid Hospital serving to more than 100 beds.With this trust and confidence of the stakeholders, Vedanta's give back policy to the society is further strengthened and encouraged to build back better.

As a part of the ongoing Poshan Maah, Nand Ghar reiterated the importance of Sahi Poshan Desh Roshan along with Health Awareness. Nand Ghar provided nutrition kits containing THR and green produce from Poshan Vatikas to the beneficiaries, sensitized lactating mothers about breastfeeding and the importance of 1000 days, recorded the height and weight of children and administered vaccinations to children against various diseases. With this integrated approach, Nand Ghar is focusing on the holistic health and Development of the beneficiaries #ForABetterKal

Right nutrition for expecting mother lays the foundation of health for both mother and the child. To establish the importance of right nutrition for mother and child, Nand Ghar organized God Bharai Ceremonies across geographies. Nand Ghar is infusing traditional practices into interventions to spread the message of health and wellness of mother and child #ForABetterKal

Nand Ghar Receives Appreciation from CDO Amethi for exemplary work on Ground

Nand Ghar Celebrates Poshan Maah with Right Nutrition and Health Awareness

Nand Ghar Organized God Bharai Ceremony across Geographies

NAND GHAR

Aluminium & Power

Lanjigarh

Vedanta Lanjigarh organizes Leaders Connect with the Refinery Team

Vedanta Lanjigarh organized Leaders Connect, a first-of-its-kind large scale interaction program with the refinery team. The program was chaired by Mr. Anurag Tiwari, COO – Vedanta Lanjigarh. More than 60 employees participated and discussed their concerns/suggestions and shared feedback on the processes. Employees who have significantly contributed to the business performance were felicitated by the senior leaders.

Jharsuguda

Vedanta Ltd., Jharsuguda observes World Ozone Day

Team Jharsuguda observed World Ozone Day on 16th September in the presence of officials from Central Pollution Control Board, Kolkata, at the Briquetting plant of Runaya Dross Processing Facilities. The theme for this year was ‘Montreal Protocol- keeping us, our food and vaccines cool.

10,000 Steps a Day’ challenge launched at Vedanta Ltd., Jharsuguda

Under its V-Care programme, a health and wellness initiative, the Occupational Health team of Vedanta Ltd., Jharsuguda has introduced the ‘10,000 Steps a Day’ challenge to promote the wellbeing of each employee and business partner as well as their families. Till now, 229 nominations have been received for the challenge. The 7-day challenge starts from 21st September 2021 and the persons achieving the maximum number of steps will be awarded on World Heart Day.

BALCO

Felicitation ceremony for ACT UP Stars

Mr. Pankaj Sharma, Dy CEO – BALCO felicitated the company’s new ‘ACT-UP Star’ employees. Mr. Sharma congratulated the young talents and wished them all the very best for their future endeavours. The attendees got a golden opportunity to interact with senior leaders and express their vision for their future and BALCO’s.

BALCO awarded the prestigious HR Practice Award for Digital Transformation by Zee Hindustan

BALCO has been awarded the prestigious ‘HR Practice Award for Digital Transformation’ by Zee Hindustan. This award signifies the relentless efforts of the entire BALCO team towards implementing state-of-the-art technologies for making workplace processes seamless and efficient.

TSPL installed RO and water cooler in Government School

TSPL brought smiles to hundreds of students as it is ensuring access to safe drinking water in school. A RO system along with water cooler was installed to ensure health and safety for hundreds of children and staff members of Government Primary school of Kamalu village of Bathinda. School principal presented a memento of gratification to the CSR team for the said initiative.

TSPL Wins ‘Clean Generator of the Year Award 2021’

TSPL environment team was conferred with ‘Clean Generator of the Year Award’2021 under environment excellence category from Mission Energy Foundation.

Cairn bags 'Legal Team of the Year' tag at India Legal Awards 2021

Cairn Legal Team won the ‘Legal Team of the Year’ award at India Legal Awards 2021. Cairn’s legal team earned this prestigious award with continuous exemplary work that has steered the company through the complex legal matters. The team has played a key role in ensuring business continuity and securing the company from liabilities up to INR 10,000 Cr. Receiving the award, Vikash Jain, the Vedanta General Counsel, and Cairn General Counsel, received this award on behalf of the legal team and expressed his gratitude to the jury, leaders at Vedanta Ltd., and his team of seven members.

Diversity workshop for top talent women leaders

Cairn conducted its very first Diversity Workshop, chaired by Cairn Senior Leaders, for it ’s high-potential female employees. The workshop saw participation from very young and dynamic budding women leaders, generated some great thoughts and ideas. The identified young female leaders will work on important and business critical assignments and help the Organization towards achieving its goals. This is part of an increasing commitment of Cairn to make the workplace a more diverse and enriched environment and help develop its key talent.

Cairn supported para-athletes shine at Tokyo Paralympics

Cairn Oil and Gas, Vedanta Ltd., under its CSR project ‘Project Divyang’ aims to raise awareness on para-sports and work towards inclusion for the differently abled. We are honored to support the three Indian para-athletes – Sundar Singh Gurjar, Devendra Jhajaria and Parul D Parmar who represented India in the 2020 Summer Paralympics at Tokyo and proud of the accolades won by Devendra and Sundar Singh in the Tokyo 2020 Paralympics Games. We are extremely proud of them for winning glory for India in the past at both national and international events. They are proof that ‘differently-abled’ does not mean any ‘less-abled’.

Skill training partnership for CEC, Barmer extended with DSEE for 5 years

Cairn joined hands with the International Finance Corporation and the Dept. of Technical Education Govt. of Rajasthan in 2007, to set up the Cairn Enterprise Center (EC) in Barmer. Ever since then Cairn through this skill centre has trained more than 15000+ students across various vocational skills, to address the issue of unemployment in the district of Barmer and adjoining areas. This partnership with DESS (Department of Skill, Employment and Entrepreneurship) has been further extended for 5 years, i.e., till FY 2026 to continue our joint efforts to train and make rural youths more employable. The MoU was signed on 29th August by Director DESS, Shri N.K. Gupta and Ms. Harmeet Sehra Head CSR Cairn, in presence of Mr. Pradeep Kumar Sharma additional director DESS and Mr. Shashwat Kulshreshtha, DGM Stakeholder Management and Mr. Rahul Gupta, Deputy Manager CSR Cairn.

Arun Misra, CEO Hindustan Zinc shared his insights at the Mint Sustainability Dialogues centred around ESG reporting & disclosures

ESG reporting – An opportunity for new India was the theme at The Mint Sustainability Dialogue in which industry experts from various organisations discussed about ESG and its impact on investors. Mr. Arun Misra, CEO Hindustan Zinc shared the pioneering moves undertaken by Hindustan Zinc is creating long-term green value for stakeholders by reporting on ESG through the initiatives of the company like the launch of first TCFD report, COP 26 leaders, net-zero target in alignment with SBTi and much more.

Zinc Football advisory board meeting at Zinc Football Academy

Zinc Football Advisory board members comprising of Annanya Agarwal, President Vedanta Sports, former Indian Football Team Captain Rennedy Singh, Padma Shri winner Bembem Devi and grassroots football expert Shaji Prabhakaran along with Arun Misra, CEO Hindustan Zinc had an in-depth and strategic discussion on the future roadmap of Zinc Football Academy to be able to produce the next generation of world class footballers in India.

Hindustan Zinc organizes activities and events on International Sign Language Day

Various activities were organized for the deaf and mute children on International Sign Language Day by Hindustan Zinc under the Jeevan Tarang program. The objective of the event was to provide the deaf and mute children with a common platform to express their thoughts and feelings. On this occasion, a virtual session was organized for the children of schools from 3 districts Udaipur, Ajmer and Bhilwara to share the importance of sign language and the impact of sign language on their lives.

Hindustan Zinc wins CSR Leadership Award at Rajasthan Leadership Awards 2021

Hindustan Zinc has won the ‘CSR Leadership Award’ at the Rajasthan Leadership Awards 2021, for its myriad initiatives to help better the lives of the communities around its sites presented by World CSR Day in a virtual award ceremony. This award was endorsed by the World Federation of CSR Professionals, who also provided the certification for this award. Hindustan Zinc is present in more than 5 districts in Rajasthan, 1 district in Uttarakhand, and 1 district in Gujarat and positively impacts the lives of more than 7 lakh individuals through its CSR initiatives.

Finals of Zawar Football League hosted at Hindustan Zinc, Zawar Mines

The passion of football lovers and spectators was once again on the rise in the Zawar Football Academy located at Zawar Mines, which is not only famous for football in Udaipur but also in the country and the state. The finals of Zawar Football League were concluded with a friendly match with Mr. Arun Misra, CEO Hindustan Zinc and Mr. Ajay Kumar Singhroha CHRO who won hearts with their performance. In the league, Balaria Zinc Blasters in men's team and Lead Panthers in women's team were winners.

BU UPDATES

TSPL

CAIRN OIL & GAS

HINDUSTAN ZINC