Hindustan Zinc has formed wholly-owned subsidiary (WOS) in the name and style of ‘Vedanta Zinc Football & Sports Foundation’ on December 21, 2021 in the state of Rajasthan. The company has formed wholly-owned subsidiary to carry on strengthening India's football ecosystem by engaging the youth and leveraging the power of football to ensure their physical, mental and economic well-being; promoting infrastructure development, talent identification, training through development and excellence models, participation In structured state, national and international sporting competitions; thereby gainfully promoting the platform to all skill and otherwise and to secure the future for our young sporting talents and to carry out any other activity/ activities incidental In relation to the main object in and out of India.
The company will fully subscribe 1000 equity shares of Vedanta Zinc Football & Sports Foundation of the face value of Rs 100 each
Hindustan Zinc, the world’s second biggest zinc producer, operates the world’s third largest open-pit mine, and world’s largest Zinc Mine in Rampura Agucha, Rajasthan.