VEDANTA limited donated Rs. 155 Crore out of total donation of 160 crores to political parties via electoral bonds in FY23


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	Blog Categories All Audit and Assurance (0) COMPANY LAW (3) FEMA (2) Income Tax (3) Labour Law (0) MISC. (7) RBI (0) Startups (38) TRADEMARK (44) VEDANTA limited donated Rs. 155 Crore out of total donation of 160 crores to political parties via electoral bonds in FY23 Category: MISC., Posted on: 21/06/2023 , Posted By: VGC ADMIN Visitor Count:101 VEDANTA limited donated Rs. 155 Crore out total donation of 160 crores to political parties via electoral bonds in FY23 Vedanta Limited, a subsidiary of UK based parent company Vedanta Resources Limited (VRL), is one of the world’s foremost natural resources conglomerates, with primary operations in zinc-lead-silver, iron ore, steel, copper, aluminium, power, nickel, and oil and gas As Per Annual report of 2023 Vedanta Limited Total donation done by the company is of Rs 160 crores which Includes contributions through electoral bonds of Rs. 155 Crore(31 March 2022: Rs. 123 Crore) In comparison to Corporate social responsibility (CSR) expenses company made CSR contribution of Rs. 112 Crore (31 March 2022: ` 37 Crore). The electoral bond scheme was launched in 2018 as an alternative to cash donations made to political parties. The State Bank of India (SBI) is the only authorised bank in India to issue and encash these bonds. During FY23, Vedanta Limited has been declared as the preferred bidder for various mining licences, namely Bicholim iron ore block in Goa, Sijimali bauxite and Ghogharpalli coal blocks in Odisha, and Kelwar Dabri in Chhattisgarh. Please go through the below link to download the annual report. Annual report Vedanta limited Disclaimer: The content of the blog does not create any responsibility of the firm / its authorized persons whose website is being accessed. The blog is not for legal use. Kindly verify the correctness of data/contents from your own sources. This is only for information purpose. Add a Comment Name: Your Comment: View Comments (0)

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