Sunil Duggal takes over as Vedanta CEO

Vedanta Limited announced that industry veteran and former CEO of Hindustan Zinc Ltd, Sunil Duggal is elevated as Chief Executive Officer of the company.

Earlier, in March 2020, Sunil Duggal was given additional charge as Vedanta's Interim CEO. Former Tata Steel Vice President and Head of Mining, Arun Misra, succeeded him as CEO of HZL.

Sunil is associated with Vedanta for the past 10 years and has over 35 years of rich and diverse leadership experience. An active member of several industry forums, he is President of the Federation of Mining Industries (FIMI) and Chairman of CII's Mining Committee.

Said Anil Agarwal, Chairman, Vedanta Ltd on his appointment: "We are delighted to welcome Sunil Duggal as our CEO. Sunil is a proven leader with a wealth of strategic executive experience. He has motivated and lead teams to deliver high standards of operational excellence, stakeholder management, best-in-class people practices, technology, safety, ESG and carbon footprint."

Sunil takes over as CEO at a time when Vedanta is gearing up for the next phase of growth with full commitment to the nation's call for 'Atmanirbhar Bharat'. Over 50 percent of our country's imports are in the natural resources and we are striving to raise domestic production to substitute imports.

Commenting on his appointment, Sunil Duggal said, "Vedanta is a purpose driven company and it plays an important role in the economic progress of our country. I am committed to passionately lead the company with a higher purpose & to make sure both our company & communities prosper to make India self-sufficient."

Shares of Vedanta Limited was last trading in BSE at Rs.122.65 as compared to the previous close of Rs. 124.45. The total number of shares traded during the day was 490172 in over 3106 trades.

The stock hit an intraday high of Rs. 125.5 and intraday low of 121.25. The net turnover during the day was Rs. 60372312.

Source : Equity Bulls

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