Vedanta creates fund to combat Covid-19; to not cut salaries, fire staff

It has also decided to provide special, one time insurance to cover Vedanta's employees and their families against Covid-19

Anil Agarwal-led Vedanta Ltd has set up a Rs 100 crore fund as part of its endeavour to join hands with the Government of India to combat the widespread outbreak of Covid-19. The fund will cater to three specific areas – livelyhood of daily wage workers, employees and contract workers and preventive health care providing timely help to communities in and around various plant locations of the company.

"This fund is a first step on Vedanta’s behalf and we will increase the corpus if the need arises," the release quoted Anil Agarwal, Executive Chairman, Vedanta Resources as saying. As part