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Sterlite announces landmark infra projects for Thoothukudi, will spend INR 100 crore on public welfare.

  • Sterlite Copper will invest over 100 crore to set up Smart School for quality education and a World Class Hospital at Thoothukudi

20th December 2018, Thoothukudi:Reaffirming its commitment to the people of Thoothukudi, India’s leading copper producer and one of the five largest business conglomerates of Tamil Nadu, Sterlite Copper, today announced 100 crore high investment social infrastructure plans for Thoothukudi-A Clean and Green Thoothukudi with planting of 1 million trees, Quality Education through a Smart School, a World Class Hospital, Desalination Plant and Youth Development Schemes. The company has committed to undertake plantation of 1 million trees across the city and initiate a Youth Development Scheme that includes employment, sports and entrepreneurship. These project were identified through an analysis ofrequests from the community and are meantto give the people access to quality education, healthcare, clean drinking water and employment skills.

“Thoothukudi has always been a role model for the country right from the British era. Our Green initiative along with others developments will further establish its pedigree in the country, said Mr. P Ramnath, CEO of Sterlite Copper.”We have been a part of Thoothukudi for over two decades and are sincerely invested here for the welfare and development of people and region. In these evolving times, we would like to reaffirm our commitment to the people through the launch of these huge investment projects for their welfare.”

Sterlite Copper’s employees have been reaching out to all sections of society during the past 6 months. The company has received significant number of requests and suggestions(during discussion held over last few months) for a variety of assistance and support. During the past few weeks, through a program named ‘Ungaludan Naan-Ungalukkaga Sterlite’organized on the behest of villagers, over 1500 families from around the plant interacted with the CEO, expressing their support to reopen the smelter and shared their needs for the region.. After a detailed analysis of over 1500 requests received from the community, the management of Sterlite Copper has identified these 5 key requirements voiced repeatedly from various sections of society.

These projects will be solely for the benefit and development of the region. The projects will be developed in a manner that will enable the people of Thoothukudi gain access to government approved quality education and world class healthcare care at affordable costs. As part of the initiative to turn Thoothukudi into a unique green heaven in the county, Sterlite Copper will embark on an aggressive drive to plant and maintain over 1 million native trees and build parks in and around the city. Sterlite has also started Youth Development Programs for the young of Thoothukudi to impart skill training enabling them to be employment ready.

About Vedanta Limited

Vedanta Limited (Vedanta Ltd) is a diversified natural resources company, whose business primarily involves exploring and processing minerals and oil & gas. The Company produces oil & gas, zinc, lead, silver, copper, iron ore, aluminium and commercial power and has a presence across India, South Africa, Namibia, Ireland, Australia, Liberia and Sri Lanka.

Vedanta Ltd is the Indian subsidiary of Vedanta Resources Plc, a London-listed company. Sustainable Development is at the core of Vedanta’s strategy, with a strong focus on health, safety and environment and on enhancing the lives of local communities. Vedanta Ltd is listed on the Bombay Stock Exchange and the National Stock Exchange in India, and has ADRs listed on the New York Stock Exchange.

For further information, please contact:

Prem Kumar

9003165681

Disclaimer

This press release contains “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “should” or “will”. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets including the London Metal Exchange, fluctuations in interest and or exchange rates and metal prices; from future integration of acquired businesses; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

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