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Vedanta sets up Rs 100 crore fund to combat coronavirus outbreak

23 Mar 2020 Evaluate

Vedanta has set up Rs 100 crore fund to combat the coronavirus outbreak. The fund will be utilised to provide preventive healthcare to daily wage workers, company employees and contract workers in and around various plants of the company.

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

Vedanta is a diversified natural resources company, whose business primarily involves producing oil and gas, zinc- lead-silver, copper, iron ore, aluminium and commercial power.

Peers
Company Name CMP
Hindalco Industries 974.35
Vedanta 260.20
Hindustan Zinc 570.30
Jain Resource Recycl 281.60
CMR Green Tech 216.25
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