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Vedanta doubles contribution to Rs 201 crore to combat coronavirus outbreak

03 Apr 2020 Evaluate

Vedanta has doubled its contribution to Rs 201 crore to combat coronavirus outbreak. The company has contributed Rs 101 crore to the Prime Minister's Citizen Assistance and Relief in Emergency Situations (PM-CARES) Fund. It will fund up to Rs 200 crore in providing relief measures to communities at large across the country.

This contribution to PM-CARES Fund will complement Vedanta's earlier commitment of creating a Rs 100-crore corpus which is catering to three specific areas -- livelihood of the daily wage workers across the nation, preventive health care, support to its employees and contract partners across its plant locations.

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 981.90
Vedanta 264.35
Hindustan Zinc 576.05
Jain Resource Recycl 284.70
CMR Green Tech 216.55
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