ISSUE 62 | VOL 13 | July 30, 2021 Vedanta Newsdesk KEY COVID INITIATIVES NAND GHAR BU UPDATES VEDANTA CHAIRMAN BESTOWED WITH MUMBAI RATNA AWARD I congratulate all my colleagues for robust financial performance in June quarter despite challenging circumstances due to second COVID wave. These are not just a testament of our operational excellence, technology integration and our resolve to succeed. It is the result of the "junoon" to focus on our capabilities to contribute to the nation’s ANIL AGARWAL economy and communities. Vedanta has fully CHAIRMAN, VEDANTA supported employees, their families, and partners during this pandemic. They are & will remain our utmost priority. We are happy to announce another strong quarter with continued momentum across all businesses. Our consolidated revenue was up 79% y-o-y at ` 28,105 crore and attributable profit after tax (before exceptional items) up 314% y-o-y at ` 4,280 crore. We delivered record operational performance, maintaining the trajectory of cost and volumes, driven by structural integration and technology adoption. Despite the uncertain market MR SUNIL DUGGAL conditions, we have continued with our winning CHIEF EXECUTIVE OFFICER, VEDANTA streak by reporting the highest ever quarterly EBITDA of ` 10,032 crore, up 150% y-o-y. VEDANTA HIKES CSR SPEND TO INR 331 CR IN FY 2021 The Vedanta Group is focused on its commitment towards communities as it spent Rs.331 crore on social impact initiatives in FY2021. Vedanta’s CSR spend is 28 per cent or Rs 93 crore more than the stipulated requirement. Over the years, Vedanta has built one of the most recognized and impactful CSR programs in India. During FY2020, the company had spent Rs 296 crore on its CSR initiatives. The company’s CSR expenditure, which is among the highest by India Inc, has been spread across the company’s core impact areas of education, health, sustainable livelihoods, women empowerment, sports and culture, environment, and community development. Each of the Group business units played its part by executing the respective CSR agenda, in line with the Group guidelines. Vedanta is committed to conduct its business in a socially responsible, ethical and environment friendly manner and continuously works towards improving quality of life of the communities in and around its operational areas. Vedanta’s flagship initiative for women and children, Nand Ghar, has touched a new milestone, with the setting up of 2,400 Nand Ghars across 11 states as it continues to pave the way for the model Anganwadi ecosystem. The initiative aims to touch the lives of 7 crore children and 2 crore women. NAND GHAR - #FORABETTERKAL Vedanta has launched 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. ET NOW BRAND EQUITY I come from humble beginnings, and I have seen how the underprivileged India lives. I knew I wanted to make a change. This is how the concept of Nand Ghar emerged. No child should sleep hungry. Indian women are extremely intelligent and have the potential to transform the country. We are trying to transform India using technology, ensuring ANIL AGARWAL each child gets proper nutrition, education and CHAIRMAN, VEDANTA healthcare, and women are empowered and supported to reach greater heights. It all started with a thought, a dream, a vision. We want to create a movement. India is moving towards Aatmanirbharta, and if 50% of the country is not empowered, how will we achieve total self-reliance? We have learned on the go during the past year, because of which we were able to provide meals at the children’s doorsteps, we transitioned from learning to e-learning, the women have PRIYA AGARWAL HEBBAR been able to participate in making need- NON-EXECUTIVE DIRECTOR, VEDANTA based products like masks and packaging of sanitizers among other things. While Vedanta has transformed 2400 anganwadis, we still have a long way to go. EDUCATION NUTRITION Click here to watch the video Click here to watch the video HEALTH SKILL Click here to watch the video Click here to watch the video HYGIENE Click here to watch the video VEDANTA – AN EMPLOYER-CENTRIC ORGANISATION Vedanta is known for its robust people practices, which makes it an employer of choice. The company is focused on hiring the best talent and has, over the years, created a culture that engages and empowers. The company’s best-in-class people practices are geared towards unleashing the full potential of employees while meeting the organisation’s overarching business goals. V-ASPIRE – CREATING A STRONG PIPELINE OF FINANCE LEADERS The V-Aspire is a unique, industry-leading initiative designed to promote the Cost and Management Accountant (CMA) professionals to take up front-facing finance roles within the organisation. The programme has created a strong pipeline of Cost & Management Accountants to become leaders of tomorrow through a unique mix of potential identification, elevated job opportunities and mentorship by senior leadership V-ASPIRE: THE PROCESS Vedanta has rolled out the V-Aspire program for the identification and development of CMA professionals and put them on a fast-track career trajectory. Through a structured process comprising of Desktop Analysis, Psychometric test, Online test, Case Study discussion, the company has identified 27 leaders (with 33% Diversity) to take up much elevated role. After completing the V-Aspire program, our young leaders have taken up senior roles and are adding significant value within the organisation. CREATING FINANCE LEADERS OF TOMORROW Happy to see our Cost and Management Accountant (CMA) leaders taking up such elevated roles. Looking forward to all the leaders adding tremendous value to our businesses while focusing on Volume, Cost, Governance and Technology. Wishing you all success and keen to see more such talents grow in the next phases of the V-Aspire ANIL AGARWAL program. CHAIRMAN, VEDANTA V-Aspire is yet another breakthrough people initiative of growing leaders and recognising best of minds with greater responsibilities and rewards. It is one-of-its-kind initiative for Cost and management accounting (CMA) professionals to experience fast track finance leadership roles. Great meeting our new leaders in an energetic townhall virtually. Looking forward to hearing your success NAVIN AGARWAL stories VICE-CHAIRMAN, VEDANTA GROUP FOCUS ON GROWTH FROM WITHIN Hearty congratulations to all the 27 CMA leaders for well-deserved elevation. I firmly believe that you are backbone and strong foundation of our business functions. With your excellent knowledge of finance and hands on business experience the respective functions will get further strengthened and will create new milestones in value delivery. SHARAD GARGIYA The ‘’Growth from within’’ is hall mark of SENIOR VICE PRESIDENT, COMMERCIAL Vedanta and lot of leaders like us have been the beneficiaries of this DNA. Wish you all the best and do create a legacy which increases the excitement and set the Bar higher for our aspiring leaders for Phase 2 of V-Aspire. V-Aspire is a unique program representing Vedanta DNA of ‘growth from within’. The structured evaluation in partnership with global HR consulting firm enables high potential CMA professionals to take on elevated roles. I would like to congratulate all the 27 leaders for this recognition. This recognition is only the start of the journey and focus needs to be on the steps ahead. Efforts HITESH VAID focused on volume, cost, benchmarking, DEPUTY CFO, CIL automation and ensuring highest standard of governance in all processes shall enable delivery of your full potential. People Growth is the core mantra of Vedanta. V Aspire is a unique program in the industry and it has provided significant elevated role to our bright CMAs. Congratulations to all the selected participants. SANDEEP MODI DEPUTY CFO, HZL MOTIVATED AND EXCITED I am so grateful to have been promoted to new elevated role of unit business controller-PMP through “V-aspire” platform, which is an amazing & unique platform, it will be honour & privilege to serve in this capacity. I look forward to all the excitement & challenges that lie ahead. Also, I would like to thank each & everyone who supported & guided me to get this recognition. HARISH PANDEY PMP-FINANCE I am extremely delighted to take up the new role of Lead Expansion Project & Admin Controller and be a part of V Aspire initiative. I am extremely motivated and excited by this recognition within such short span of time. V Aspire Program is one-of-a-kind initiative and has given us the opportunity to upskill and enhance our capabilities. Such ANN DANY KOSHY opportunities are a hallmark of our Vedanta LEAD EXPANSION PROJECT & ADMIN Culture and stands testimony to our best-in- CONTROLLER, BALCO class people practices. VEDANTA LAUNCHES ORGANISATION-WIDE ACT-UP PROGRAM ACT-UP is an accelerated competency tracking and upgradation process that is conducted to identify the fast trackers or high potential in the organisation. In line with its core philosophy of “Leadership from Within”, Vedanta has rolled out an organisation-wide ACT-UP programme under the anchorage of Chairman, Vice Chairman, and the Senior Leadership. The program aims to identify more than 300 high potential leaders. The initiative will be driven in partnership with Korn Ferry, a global consulting firm. The participants will undergo a structured process of Desktop Analysis, Online Assessment, 360 Degree Feedback, Deliverables Presentation and Panel Evaluation. The selected leaders will act as catalysts in making a difference in HSE & Sustainability, Volume, Cost, R&R, ESG, Digital, Technology, People Development and Business partner Management. ROBUST Q1 FOR HZL Vedanta group firm Hindustan Zinc Ltd (HZL) on Thursday reported a 45.9 per cent rise in net profit to Rs 1,983 crore for the quarter ended on June 30, 2021, driven by a recovery in metal prices and higher volumes.