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Home Corporate Social Responsibility

Vedanta to spend Rs 125 cr on CSR in India next fiscal

Vedanta claims to have already spent Rs. 186.5 crore over the last four years on various CSR activities in these states.

India CSR by India CSR
March 15, 2009
in Corporate Social Responsibility
Reading Time: 1 min read
Anil Agarwal

Anil Agarwal. Image: India CSR

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Besides earmarking Rs 125 crore for CSR activities in 2009-10, the global metal and mining company has undertaken ambitious projects


 

India CSR News Network

NEW DELHI: Metal czar Anil Agarwal-promoted Vedanta Resources has lined up Rs. 125 crore investment for CSR activities in India next fiscal, even as the global economic slowdown is set to squeeze its profits by over 30% in 2008-09.

Touted as one amongst world’s leading philanthropists by the US magazine Forbes, Anil Agarwal told in an interview that the capital expenditure in corporate social responsibility (CSR) is part of the company’s business plan to “give back to society”.

“…We think most of our wealth should go back to society,” NRI billionaire and Vedanta Resources Group Chairman Agarwal said.

Among the areas where Vedanta Group would be investing include education, health, nutrition and women empowerment. The investments would be made across Rajasthan, Orissa, Chhattisgarh, Tamil Nadu and Goa where it has its operations.

The group proposes to cover 2.5 million under-privileged children through computer education, mid-day meal and ‘anganwadi’ projects in over three years span.

Vedanta claims to have already spent Rs. 186.5 crore over the last four years on various CSR activities in these states.

Besides earmarking Rs. 125 crore for CSR activities in 2009-10, the global metal and mining company has undertaken ambitious projects, including $3.2 billion (about Rs. 16,500 crore) university in Orissa and a Rs 300-crore cancer hospital in Raipur.

Updated on August 16, 2022

IndiaCSR Whatsapp Channel
Source: India CSR I Mar 15, 2009
Tags: Anil AgarwalCSR in ChhattisgarhCSR in IndiaCSR in OdishaCSR in RajasthanCSR of Anil AgarwalCSR of Indian CorporatesCSR of VedantaCSR Spent of Vedanta

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