Vedanta Jharsuguda felicitates meritorious wards of Subhalaxmi Cooperative members

27th September 2022

Jharsuguda, Odisha; 27thth September 2022: Vedanta Aluminium, India’s largest producer of aluminium, felicitated 114 meritorious students from local communities, who are children of Subhalaxmi Cooperative members, for their superlative performance in state matriculation examinations. Subhalaxmi Cooperative, the flagship community development initiative of Vedanta’s Aluminium Business, is one of India’s largest rural women’s cooperatives which works in the realm of ‘sustainable livelihoods and ‘women’s empowerment’. On this occasion, the meritorious students were also awarded scholarships through the Subhalaxmi Mahila Kalyan Panthi to encourage their aspirations of higher education.

The felicitation ceremony took place at Krishi Vigyan Kendra, Jharsuguda in presence of Mr. Sarat Chandra Panigrahi, Assistant Registrar of Cooperative Societies, Government of Odisha, Dr Samiranjan Das, Chief Scientist of Krishi Vigyan Kendra (Jharsuguda), and Mr. Manoj Kumar Barik, Extension Scientist of Krishi Vigyan Kendra (Jharsuguda). The newly elected Board Members of Subhalaxmi Cooperative Society led by President Mrs. Pankajini Oram and Vice President Mrs. Kumudini Rout were also present at the occasion. Since inception, through Mahila Kalyan Panthi, Subhalaxmi Co-op has benefitted more than 1,300 members and their families through scholarships to meritorious children, financial support to expecting mothers, loan waivers to members in case of death in the family, etc.

Congratulating the students, Mr. Sunil Gupta, CEO – Vedanta Ltd., Jharsuguda, said, “We firmly believe that access to quality education is a key enabler for sustainable development of a region. Our educational interventions in Jharsuguda, which includes Subhalaxmi Cooperative’s scholarship program, are aimed at encouraging local students to pursue their educational aspirations with passion. Our Subhalaxmi Co-op is a shining example of what corporate and community partnership can achieve, when it comes to self-empowerment of women. With such endeavours, we are committed to the progress of our local communities in and around our areas of operation.”

Speaking about Vedanta’s Subhalaxmi Co-op bringing more women to the socio-economic mainstream, Mr. Sarat Chandra Panigrahi, Assistant Registrar of Cooperative Societies, Jharsuguda said, “The Subhalaxmi Cooperative has transformed the lives of thousands of women in Jharsuguda by providing livelihood opportunities in the region. Starting with just ten members, today it is a major force of empowerment in the region. I congratulate the students and urge them to take inspiration from their success and aspire for higher education for a stellar career.”

Subhalaxmi Co-operative, the flagship community development initiative by Vedanta Aluminium at Jharsuguda, works in the realms of sustainable livelihood and women’s empowerment.  Since its inception in 2008, it has grown to over 4100 women members today – a testimony to the company’s commitment to the Sustainable Development Goals of Zero Hunger and Gender Equality. The co-operative enables aspiring women with micro-finance, skill development, financial literacy, market linkage and is a support system for thousands of equally ambitious women. It also bridges them to various welfare schemes developed by the Indian government for their socio-economic empowerment. Today, the women run micro-enterprises like fast food centres, poultry & vegetable farms, grocery stores, beauty parlours, tailoring centres and many more. The impact of this initiative is evident in the fact that Subhalaxmi Co-op now has presence in 72 villages of Jharsuguda and continues to grow in strength year on year.

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium i.e., 2.26 million tonnes in FY22. Vedanta Aluminium ranks 4th in the Dow Jones Sustainability Index (DJSI) 2021 world rankings for aluminium industry, a reflection of its sustainable development practices. The company operates a world-class 1.75 MTPA aluminium smelter and 3615 MW thermal power generation facility at Jharsuguda, in Odisha. The only Indian smelter in the global ‘1 Million Tonne’ production and export club, Vedanta Jharsuguda is a leader in value-added aluminium products that find critical applications across core industries. With its state-of-the-art facilities, unparalleled engineering prowess, R&D and innovation abilities, the company is working towards a sustainable and greener future for all by spurring emerging applications of aluminium, the ‘Metal of the Future’.

About Vedanta Limited:

Vedanta Limited, a subsidiary of Vedanta Resources Limited, is one of the world’s leading Oil & Gas and Metals company with significant operations in Oil & Gas, Zinc, Lead, Silver, Copper, Iron Ore, Steel, and Aluminium & Power across India, South Africa and Namibia. For two decades, Vedanta has been contributing significantly to nation building. Governance and sustainable development are at the core of Vedanta's strategy, with a strong focus on health, safety, and environment. Vedanta has put in place a comprehensive framework to be the ESG leader in the natural resources sector. Vedanta is committed to reducing carbon emissions to zero by 2050 or sooner and has pledged $5 billion over the next 10 years to accelerate the transition to net zero operations. Giving back is in the DNA of Vedanta, which is focused on enhancing the lives of local communities. The company’s flagship social impact program, Nand Ghars, have been set up as model anganwadis focused on eradicating child malnutrition, providing education, healthcare, and empowering women with skill development. Under the aegis of the Anil Agarwal Foundation, the umbrella entity for Vedanta’s social initiatives, the Vedanta group has pledged Rs 5000 crore over the next five years on social impact programmes with a thrust on nutrition, women & child development, healthcare, animal welfare, and grass-root level sports. Vedanta and the group companies company have been featured in Dow Jones Sustainability Index 2020, and was conferred Frost & Sullivan Sustainability Awards 2020, CII Environmental Best Practices Award 2020, CSR Health Impact Award 2020, CII National Award 2020 for Excellence in Water Management, CII Digital Transformation Award 2020, ICSI National Award 2020 for excellence in Corporate Governance, People First HR Excellence Award 2020, ‘Company with Great Managers 2020’ by People Business and certified as a Great Place to Work 2021. Vedanta’s flagship Nand Ghar Project was identified as best CSR project by Government of Rajasthan. Vedanta Limited is listed on the Bombay Stock Exchange and the National Stock Exchange.

For more information, please visit www.vedantalimited.com

About Vedanta Aluminium Business:

Vedanta Aluminium, a business of Vedanta Limited, is India’s largest producer of aluminium, manufacturing more than half of India’s aluminium at 2.26 million tonnes in FY22. Vedanta is a leader in value-added aluminium products that find critical applications in core industries. With its world-class Aluminium Smelters, Alumina Refinery and Power Plants in India, the company fulfils its mission of spurring emerging applications of aluminium as the ‘Metal of the Future’ for a greener tomorrow.

For more information, please log on to www.vedantaaluminium.com

For Further Information, Please Contact:

Ms. Sonal Choithani
Chief Communications Officer
Aluminium Business, Vedanta Ltd.
Sonal[dot]Choithani[at]vedanta[dot]co[dot]in
www.vedantaaluminium.com

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