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Vedanta's Iron and Steel Endowed with Platinum Awards for Best Environmental Practices



Posted On : 2022-01-18 17:35:42( TIMEZONE : IST )

Vedanta's Iron and Steel Endowed with Platinum Awards for Best Environmental Practices

Vedanta's Iron and Steel has been conferred with platinum award for the best environmental practices at the International Conference on Geo-Technical Challenges in Mining, Tunnelling and Underground Structures (ICGMTU) 2021. ICGMTU recognized Vedanta's Iron & Steel sector under green awards category for its systematic mine reclamation measures at the Sanquelim Iron Ore Mine at Goa. Mr. Jagdish Desai, Head - HSE, Iron Ore Division-Goa & Strategic Environment Project, Iron ore Business, Vedanta Limited received the award during the virtual award ceremony.

Commenting on this prestigious recognition, Mr. Sauvick Mazumdar, CEO - Iron & Steel sector, Vedanta Limited said, "At Vedanta, we believe in the sustainable development with utmost focus on adoption of best in class Environmental, Social & Governance (ESG) practices. Systematic Mine reclamation measures at Sanquelim Iron Ore mine is a testimony of our committed proactive efforts towards environment conservation and holistic community development. I thank ICGMTU for recognizing our efforts in sustainable Mining."

Vedanta's Iron and Steel, as part of its systematic mine reclamation plan at the Sanquelim Iron Ore mine, has undertaken horticultural plantations of local varieties like Coconut, Betel nut, Pineapple, Black pepper, Kokum, etc. It planted around 8 Lakh plants of different varieties within reclamation area besides performing silviculture project and converting an old mine pit to a pisciculture pond.

The company has developed medicinal gardens to spread awareness amongst the locals and school students about medicinal plants growing in their surroundings and their benefits. This is besides developing a butterfly park to add to the beauty of the area and increase biodiversity and growing over twenty-five varieties of bamboo and construction of bamboo pavilion to promote bamboo cultivation.

The other key highlight of the Sanquelim iron ore mine reclamation was putting to productive use the old infrastructure like buildings and workshops for high impact community development initiatives such as Sesa technical school imparting quality industrial trainings to local youth and Sesa Football academy for promotion of football. Both the projects are benefitting the Goan youth not only by providing quality training facilities but also empowering them through sustainable career opportunities.

Till date over 1500+ youth completed their ITI course from Sesa Technical School (Sesa Private ITI) since its inception with job placements in top notch organisations. Similarly Sesa Football Academy has groomed over 200+ aspiring footballing talents, which are shining at the prestigious footballing platforms including few of them have represented the Indian national team.

Shares of Vedanta Limited was last trading in BSE at Rs. 322.35 as compared to the previous close of Rs. 325.70. The total number of shares traded during the day was 438848 in over 6618 trades.

The stock hit an intraday high of Rs. 327.90 and intraday low of 320.30. The net turnover during the day was Rs. 142239467.00.

Source : Equity Bulls

Keywords

Vedanta INE205A01025 VEDL PlatinumAward BestEnvironmentalPractices ICGMTU2021