ISSUE 61 | VOL 13 | July 14, 2021

KEY COVID INITIATIVES NAND GHAR BU UPDATES

Anil Agarwal Foundation – the umbrella entity for Vedanta’s Give-back initiatives – has rolled out a Rs 5,000 crore social impact programme with focus on nutrition, women and child development, healthcare, animal welfare and grass root level sports, including investments in a Corona-free village project across several states to combat the pandemic.

The social impact programme will build on the mission of creating strong and resilient communities over the next five years. The focus is to adopt the ‘Building Back Better’ strategy for India to provide not only immediate relief but long-term assurance on health and safety grounds. KPMG will be a strategic partner for implementing the plan.

Under the flagship ‘Swasth Gaon Abhiyaan’, Vedanta will provide end-to-end healthcare solutions across1,000 villages. The initiative is designed to enhance ‘immunity in community’ across 24 districts in 12 states and is part of Vedanta’s vision of providing social development and infrastructure as an essential service to the nation. The program will also enhance job opportunities, reskill the youth and help bring in stability and progress.

Through the massive social impact programme, Vedanta, under the aegis of Anil Agarwal Foundation, has set a goal of impacting more than 2 million lives across rural India. The initiative will follow a model of interventions at the district level, and facilitate Oxygen Generation Plants, Telemedicine services, Upgradation of Medical and Diagnostic infrastructure and Mobile Medical Van/Ambulances. The pool of interventions will be planned as per specific needs and availability at the various district hospitals.

Vedanta will collaborate with state governments and district administration to provide a safety net for communities. Efforts are being made to promote vaccination through special medical & wellness camps being held in remote areas. Provisions of medical amenities are also being made available in district hospitals and health care centres to ensure quality treatment.

Vaccination is the most important shield for the community, and Vedanta is committed to augment the government’s efforts. The company is working on plans to provide vaccination cover for over 5 lakh people from our communities.

Vedanta has already rolled out one of the largest vaccination drive by India Inc, aiming to cover 1.2 lakh employees, their families and business partners by next month. The company has spent over Rs 13 crore towards procuring vaccines in

bulk to support its employees and business partners.

Vedanta is setting up a first-of-its-kind animal welfare project which will have a world-class shelter, veterinary and training facility. The model will adopt a hub and spoke architecture and establish a sustainable and scalable ecosystem for the well-being of animals.

The project will focus on creating ecosystem for promotion of animal welfare by collaborating with global academic institutions, renowned experts and knowledge partners.

Vedanta is promoting sports at the grassroots level with the objective of transforming India into a global sporting powerhouse. The company is focusing on incubating sporting programmes for the youth with world-class training facilities to give wings to our dream of letting every child play and excel in sports.

Vedanta has been one of the foremost promoters of football over the years. Two state-of-the-art academies have been set up in Goa and Rajasthan, showcasing our commitment to the cause of the football, the most-loved sport globally. The plan is to identify talented youngsters who are passionate about soccer and induct them into the residential programme at the academies which are benchmarked with the best in the world.

EMPOWERING COMMUNITIES & TRANSFORMING LIVES

The Anil Agarwal Foundation is committed towards empowering communities, transforming lives and facilitating nation building through sustainable and inclusive growth. The Anil Agarwal Foundation has teamed up with the Bill & Melinda Gates Foundation to achieve United Nations Sustainable Development Goal 2, which aims to end all forms of hunger and malnutrition by 2030.

Nand Ghars remain the flagship social impact project which aims to transform the lives of 7 crore children and 2 crore women by providing them holistic development opportunities.

ANIL AGARWAL PLEDGES 75% OF WEALTH FOR CHARITY

Vedanta Chairman Anil Agarwal has pledged to give 75 percent of his wealth towards philanthropy and social good. Earlier this year, he joined The Giving Pledge, a movement of global philanthropists who commit to giving the majority of their wealth to philanthropy or charitable causes.

Vedanta has rolled out a social transformation campaign through its flagship project, Nand Ghar, focused on key areas of Health, Education, Nutrition, Women Empowerment & Hygiene. The campaign titled #ForABetterKal aptly showcases the essence of Nand Ghar, aiming to bridge the gap between urban and rural India.

The company will be unveiling five videos which will pay tribute to the frontline workers of Nand Ghar who are working tirelessly towards upliftment of communities. The campaign, conceptualized and created by McCann World Group, throws light on services such as education and new e-learning modules introduced across villages to ensure continuity of early childhood education even during the lockdown. Another video showcases the advanced healthcare facilities provided to the communities. Medical services that were a distant dream for these villages are now seeing the light of day due to the Nand Ghar project. Vedanta has rolled out these videos as TVCs across multiple national television channels as well as social media platforms.

ANIL AGARWAL FOUNDATION PLEDGES INR 5,000 CR FOR RURAL INDIA

SWASTH GAON ABHIYAAN TO BOLSTER HEALTHCARE IN 1,000 VILLAGES

VEDANTA TO IMPACT LIVES OF 2 MILLION PEOPLE

FACILITATING VACCINATION TO COMMUNITIES

CARING FOR ANIMALS

TURNING INDIA INTO A SPORTING POWERHOUSE

VEDANTA LAUNCHES #FORABETTERKAL CAMPAIGN

HINDUSTAN ZINC RECOGNISED AS MOST SUSTAINABLE COMPANY IN MINING INDUSTRY

Moderna's Covid-19 vaccine is expected to reach India this week, making it the first US-made vaccine to come to India. Moderna's Covid-19 vaccine in India will be part of WHO's Gavi alliance and will be a donation from the US government. As of now, there has been no agreement on commercial supplies of the vaccines.

On June 29, the Drug Controller General of India granted permission to Cipla to import the Moderna vaccines from the US. The vaccine, with efficacy of approximately 94.1 per cent, also has received EUA from the World Health Organization and over 50 countries.

INDIA TO GET COVID-19 VACCINE FROM MODERNA

The Union cabinet on Thursday approved a Rs 23,000-crore financial package for improving health infrastructure in the country to fight the Covid pandemic. Addressing a press conference here after the first meeting of the Union cabinet following its reshuffle on Wednesday, Health Minister Mansukh Mandaviya said the package will be implemented over the next nine months till March 2022.

UNION CABINET UNVEILS PACKAGE TO BOOST HEALTH INFRASTRUCTURE

Prime Minister Narendra Modi on Wednesday effected sweeping changes to his government, ushering in a new set of leaders in key ministries with 36 new faces taking oath. The PM assigned key responsibilities such as IT, Communication and Railways to the Wharton-educated Ashwini Vaishnaw, Health to Mansukh Mandaviya, Civil Aviation to Jyotiraditya Scindia, Environment, Labour and Employment to Bhupendra Yadav, Information and Broadcasting to Anurag Thakur and Law to Kiren Rijiju.

Hardeep Singh Puri has been named as the new petroleum minister in place of Dharmendra Pradhan, who takes over the education ministry. Ramchandra Prasad Singh has been appointed as the new steel minister, replacing Pradhan, who held the role jointly with that of oil minister.

PM MODI REVAMPS CABINET: HARDEEP PURI GETS PETROLEUM, RCP SINGH IS THE NEW STEEL MINISTER

Vedanta Newsdesk

Hindustan Zinc has been awarded the Most Sustainable company in the mining industry by World Finance. The company, which is committed to smart, safe, and sustainable mining operations, has been recognized for its ESG disclosure, its ambitious Sustainability goals 2025, analysis of the environmental impact and responsible approach towards its business, and efforts towards GHG emissions reduction, water stewardship, circular economy, biodiversity conservation, zero harm, positive impact on local communities, diversity and equality and responsible sourcing. Hindustan Zinc strives to conserve natural resources and adopt greener technologies wherever possible to ensure its environmental footprint shrinks year on year.

This is a first of its kind initiative to strengthen India’s social development over the next five years. The project will provide healthcare services across 1,000 villages and develop a robust and future-ready health infrastructure and strengthen the government programs which are working towards combatting the pandemic and reviving the economy

Our Bravehearts campaign brings to the fore untold stories of COVID warriors who rose from ordinary surroundings to create extraordinary stories through their humanitarian efforts. We salute these Heroes for showing us the way.

’Bravehearts’ is our humble tribute to the unsung Covid heroes who stepped out of their comfort zones to make a difference to the society, thereby spreading a message of positivity and hope. The pandemic has seen the world get together to help out others and we feel their efforts need to be appreciated by one and all.”

SUNIL DUGGALGROUP CEO, VEDANTA

SUNIL DUGGALGROUP CEO, VEDANTA

ROMA BALWANISENIOR DIRECTOR,

COMMUNICATIONS & BRAND, VEDANTA

Caring for our communities is of paramount importance and we are conscious of our responsibilities as a corporate citizen. We aim to strengthen our efforts and facilitate sustainable and inclusive growth, which is the need of the hour to protect and provide for our communities. The Swasth Gaon Abhiyaan initiative is the first step in our journey to provide end-to-end healthcare solutions across the rural landscape covering 1000 villages. This program will complement Vedanta’s flagship Nand Ghar project and is aligned to our DNA of Giving Back.

All women and children deserve equal opportunities. Vedanta Nand Ghars are working towards providing the best nutrition, healthcare, education and skilling for children and women in rural India to help them grow and become self-sufficient. These videos are a testimony to the undying spirit of our frontline workers of Nand Ghar who are fulfilling these dreams through their unwavering determination.

A brand carries rivulets of narratives that gradually engage and build a unique relationship. Desh ki Zarooraton ke Liye has already struck a chord with the audience. With the launch of the second phase of this campaign, a new dimension to this relationship will be added.

ANIL AGARWALCHAIRMAN, VEDANTA

PRIYA AGARWAL HEBBARDIRECTOR, VEDANTA

PRASOON JOSHICEO & CCO MCCANN WORLDGROUP,

INDIA

FACILITATING SUSTAINABLE GROWTH

NAND GHAR FUELLING DREAMS ACROSS RURAL INDIA

NAND GHAR CAMPAIGN STRIKES A CHORD

SALUTING THE COVID HEROES

VEDANTA LAUNCHES ‘BRAVEHEARTS’ CAMPAIGN

Vedanta Group, India’s leading natural resources producer, has announced the launch of a unique digital campaign, ’Bravehearts’, to salute unsung heroes who went beyond their call of duty to help others during the second wave of the pandemic.

Vedanta is releasing short videos as a part of the campaign, depicting, and showcasing real-life stories of the 'Bravehearts’. One such story that has been depicted in the digital campaign is of Aakansha Sadekar, who began providing home cooked meals to women and children on the streets, as well as frontline workers in hospitals, who were hit hard during the lockdown. With her focused efforts, Aakansha was able to provide more than 2,50,000 hot meals to those in need within a span of just 60 days.

Reliance Industries Ltd is looking to buy Norwegian solar module maker REC Group as part of the oil refiner’s Rs 75,000 crore push into clean energy, said two people aware of the development. Norway’s REC Group has an annual solar panel production capacity of 1.8 gigawatts (GW) and has installed around 10GW capacity globally. REC, founded in 1996, has regional hubs in North America, Europe and Asia-Pacific. (Mint)

Tata Steel expects India to account for 73% of its business over the next decade as it moves to double production capacity and broaden offerings. A decade ago, Europe accounted for bulk (63 per cent) of its business, while India comprised 29 per cent. (Times of India)

A Jindal family faction has saved their power company from going into bankruptcy after banks accepted their offer of Rs 2,500 crore to settle the company’s dues under Reserve Bank of India’s one-time settlement scheme (OTS), according to sources. The family of BC Jindal, whose nephews Naveen and Sajjan control JSPL and JSW, respectively, had made an offer to restructure the debt of their company Jindal India Thermal Power to bankers. (Economic Times)

Proxy advisory firm Glass Lewis has recommended shareholders vote against the re-election of a member of Adani Enterprises risk committee after an Australian court criticised "unconscionable conduct" in its Australian port business. Adani Enterprises' Australian unit, Bravus Mining & Resources, has been involved in a controversial project to develop the Carmichael mine in Queensland to sell thermal coal into India, despite concerns about global warming. (Economic Times)

Goldman Sachs-backed ReNew Power is planning to participate in the production linked incentive (PLI) scheme for solar manufacturing, thereby expanding its portfolio from generation and transmission to manufacturing as well. ReNew is one of the top five renewable energy companies in India with a solar and wind power portfolio of 9.8 GW of commissioned and under construction capacity. (Business Standard)

Oil and Natural Gas Corporation Ltd (ONGC) is committed to spending ₹30,000 crore in the ongoing financial year as part of its overall efforts to promote local ventures and support the ‘Aatmanirbhar Bharat’ initiative, the firm said on Sunday. (Hindu Business Line)

Cairn Energy said on Thursday a Paris court had accepted its petition that Indian state-owned assets in the city worth over 20 million euros ($24 million) be frozen, claiming a significant win in its campaign to force the Indian government to pay Cairn billion-dollar damages in a protracted tax dispute. A French tribunal ordered the freeze on some 20 centrally located properties belonging to the Indian government as part of a guarantee of the amount owed to Cairn, the London-listed firm said. (Reuters)

Royal Dutch Shell on Wednesday said it would boost its returns to shareholders via share buybacks or dividends after a sharp rise in oil and gas prices helped it reduce debt. It will increase its distribution to shareholders to 20% to 30% of cash flow from operations beginning in the second quarter, the company said in a trading statement ahead of its quarterly results. (Reuters)

Malaysia's state oil firm Petronas has signed a 10-year liquefied natural gas supply agreement with a subsidiary of China's offshore oil and gas major CNOOC Ltd valued at about $7 billion, the firm said on Wednesday. Petronas said the deal with CNOOC Gas and Power Trading & Marketing Limited is for 2.2 million tonnes per annum over a 10-year period. (Reuters)

Swiss commodities trader Glencore said on Monday Kalidas Madhavpeddi will take over as its new chairman at the end of the month when Tony Hayward retires after eight years in the role. U.S.-based Madhavpeddi joined the board of the London-listed miner in February 2020 and is better known as the chief executive of China Molybdenum International (CMOC), a role he covered for almost ten years until 2018. (Reuters)

Nand Ghar for the Holistic Health of Children

Nand Ghars in Chhattisgarh organized Bal Sandarbh Shivirs under the Mukhyamantri Suposhan Abhiyaan to ensure holistic health of children. The children were provided the consultation from specialist doctor's as well as supplements like Vitamin B complex, multivitamins, calcium, liver tonic. The Nand Ghar team is mobilizing the parents and the community about these camps encouraging them to avail these facilities for the better health of children.

Nand Ghars' Flourishing Nutrition Gardens

Nand Ghar premises accommodate indigenously grown poshan vatikas. The yield produced from the gardens is distributed amongst the beneficiaries, adding healthy greens in their diet. Local samaritans like the youth, the women of the Mahila Samiti as well as the members of the Nand Ghar Committee voluntarily tend to these nutrition gardens, exhibiting a good example of community ownership. The community members have been diligently taking care of the gardens by adding protective fence, regular watering and tending.

Nand Ghars hosting Village Health and Nutrition Days!

Village Health and Nutrition Day or VHND is as a platform for interfacing between the community and the health system. Nand Ghars are active resource centres for such VHNDs where the community members gather and discuss relevant issues. The VHSC comprising the ASHA, the AWW, the ANM, and the PRI representatives, if fully involved in organizing the event, can bring change in the way that people perceive health and health care practices.

UPDATE ON INDIAN COMPANIES

UPDATE ON INTERNATIONAL PEERS

NAND GHAR

ALUMINIUM & POWER

JHARSUGUDA

Vedanta Ltd., Jharsuguda observes National Electrical Safety Week

Vedanta observed the National Electrical Safety Week (NESW) at its Jharsuguda operations from 26th June’21 to 2nd July’21 to raise awareness among the employees and business partners on electrical safety and encourage them towards the safe use of electricity and electrical appliances. The team organised electrical safety awareness campaigns, webinars, competitions, quizzes, and interactive sessions in line with National Safety Council’s theme ‘Observe electrical safety – save lives and property'. Driving the vision of Zero Harm, Zero Waste & Zero Discharge, Vedanta’s operations are governed by rigorous safety standards and processes to create an environment of safety and wellbeing for all its stakeholders.

Vedanta Ltd., Jharsuguda deploys 3D scanning and 3D printing technology

Vedanta has deployed the 3D scanning and 3D printing technology at the Innovation Centre in Jharsuguda plant, which will aid the company in navigating logistical bottlenecks and create avenues for inhouse prototyping, spare parts indigenization, and design thinking, bringing ideas to reality.

LANJIGARH

Vedanta Lanjigarh conducts mock fire drill to bolster emergency preparedness

Vedanta Limited, Lanjigarh, organized a mock fire drill in its plant premises to test and bolster employees’ emergency preparedness as well as gauge the co-ordination between combat, rescue and auxiliary team members. The drill was virtually attended by Er. Swaroop Jena - Dy. Director, Directorate of Factories & Boilers, Rayagada Division, Er. Chandra Sekhar Behera - Asst. Director, Directorate of Factories & Boilers, Kalahandi Zone and Mr. Asutosh Mohanty - District Project Officer - OSDMA, Kalahandi District.

LNG - Emergency Preparedness Drill

TSPL

Virtual CEO Townhall at TSPL

TSPL CEO Virtual Townhall started with key highlights and achievements in Safety, Business, O&M and HR domain were shared by the respective leaders.

The event concluded on a note from Mr Vikas Sharma, CEO & WTD, TSPL & Mr Rajinder Singh Ahuja, Deputy CEO, TSPL focussing on the need to be vigilant and to consider safety as a value to make TSPL a safe haven for all and launched the "Safety Buddy" APP.

TSPL Supports Mega Plantation Drive

In line with Vedanta's pledge to contribute to 10 Lakh trees across business locations and committed to a greener tomorrow TSPL has initiated plantation drive in 8 peripheral villages. Thousands of fruits bearing and other saplings shall be planted in the villages by SHG members and farmers.

Awareness Session for Community on Lightning and Thunder

Close to 70 participants from periphery villages - farmers & SHGs members, attended the session conducted by electrical engineers of TSPL on lightning & electrical safety measures at home.

Stand down on Awareness about Electrical Hazards & its control measures

National Electrical Safety Work Campaign began with Safety Stand Down. The week-long campaign aims to renew commitment from employees using participative approach on safe use of electricity & work safety throughout the year. Senior Management, HODs, and Business Partners' employees actively participated in the campaign.

BALCO

BALCO awards employees for pathbreaking improvement initiatives at Green Anode Plant

BALCO is proud to nurture an environment of learning and continuous improvement, and our employees have been actively sharing their innovative ideas and solutions. Senior leaders of BALCO and the Business Excellence team felicitated employees and business partners who have been instrumental in boosting performance of Green Anode Plant operations, working in areas such as process improvement, innovation, quality, asset reliability and safety.

BALCO felicitated medical professionals for their relentless services to the community

On Doctors Day, Mr. Abhijit Pati, CEO & Director – BALCO, felicitated all the doctors of BALCO Hospital as a token of gratitude for their relentless hard work especially during the pandemic. Mr. Pati also led a townhall organized in their honour, which was attended by more than 200 people virtually. From the onset of the pandemic, the medical staff of BALCO Hospital have been taking extensive steps to ensure that the community, associate partners, employees, other stakeholders, and their families are sensitized on COVID-19.

HINDUSTAN ZINC

Hindustan Zinc’s Debari plant celebrated National Doctor’s Day

Saluting the Heroes Of HZL, National Doctor’s Day was celebrated at Hindustan Zinc’s Debari plant by appreciating the relentless services of the doctors and the medical team during the pandemic. A plant sapling was gifted to each doctor and medical staff as a token of gratitude. The occasion was graced by the senior leadership team who recognized their contribution and thanked them for their unwavering support at all times.

Hindustan Zinc’s CLZS Assay lab accredited by NABL

At Hindustan Zinc, we continuously strive to run our facilities with high standards. The Assay Lab at Chanderiya Lead Zinc Smelter is accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL) with the standard. The NABL certification assesses the competence of testing at labs and assures that the highest standards are maintained. And 5 of our labs across locations are already accredited with this certification.

Hindustan Zinc under project Sakhi in collaboration with Manjari Foundation distributes loans to SHGs

Hindustan Zinc is working with 370 self-help groups, 4312 women in 43 villages of 14-gram panchayats under project Sakhi in collaboration with Manjari Foundation. Under the program, a loan of 28 lakhs was distributed to 16 self-help groups by District Collector. On this occasion, District Collector Mr. Tarachand motivated the women for self-employment and to use the amount received in the form of a loan for livelihood promotion activities.

Hindustan Zinc’s Zawar mines inaugurate Purvanchal block

Hindustan Zinc’s Zawar Balaria mine inaugurated purvanchal block. This block will help Balaria mine to ramp up the production from 0.72MT in FY’21 to 1.2MT in FY’22. Further, there is potential to explore extensions of the same at deeper levels (250mRL and below) from surface exploration, which will add/upgrade 1.5MT of ore in the resource kitty of Zawar under Purvanchal project.

BU UPDATES