Vedanta to invest Rs 42 cr on Lanjigarh peripheral growth

Vedanta Resources, which is setting up a alumina refinery at Lanjigarh in Orissa’s Kalahandi district, will invest about Rs 42 crore this year on peripheral development around the plant as part of its corporate social responsibility (CSR) initiative.

The company’s detailed investment plan would be decided after a high-level meeting of the revenue divisional commissioner, district collector, company representatives and local representatives.

“We will chalk out the detailed investment plan of the company for peripheral development of the Lanjigarh area after the end of the model code of conduct for elections”, said Satyabrata Sahu, revenue divisional commissioner (southern division) and also the chairman of peripheral development committee of Vedanta Resources.

The model code of conduct for the elections in Orissa would be in place till May 18, even though the Lok Sabha and Assembly polls in the state ended on April 23.