Product details

Vedanta is a globally diversified natural resource company with interests in Zinc-Lead-Silver; Oil and Gas; Aluminum; Iron Ore; Power; Steel; and Copper. Although it has mining operations across the world, its main market is in India. To fund its ambitious resource-seeking internationalization plan, the company tapped the financial markets in London as well as New York. This move however brought with it, unprecedented scrutiny of company operations at the ground level, something Vedanta was not prepared for. Most of these protests were orchestrated by a handful of non-governmental organizations (NGOs). They perpetually accused Vedanta of polluting the environment and violating human rights. The situation became so grave that the company was unable to start mining projects in several areas where they had already made substantial investments. Moreover, several of their plants were shut down by the combined forces of the Judiciary, Bureaucracy and Politicians. It was in this context that Mahendra Kumar Sharma joined company in the year 2019 as a non-executive independent director. He was also designated as the acting chairperson for CSR. Knowing the severe backlash from the community, Mahendra Kumar Sharma now must come up with a plan of action to mitigate the risks which the company is facing.