Vedanta Limited strengthens its Advisory Board
New Delhi, January 7, 2019: Vedanta Limited has appointed new advisors for strategic counsel and guidance to help the company make even more significant contribution to India’s natural resources sector and boost overall economic growth. The appointment of Mr. Saurabh Chandra and Dr. Leena Srivastava will bring wealth of experience to Vedanta’s advisory board and help reinforce the company’s leadership position in the global resources sector.
Speaking on the appointments, Mr Navin Agarwal, Chairman Vedanta Limited said, “I am delighted to welcome Mr. Saurabh Chandra and Dr. Leena Srivastava to our advisory board, who are experts in their respective domains. As Vedanta enters a new phase of growth and expansion, I am confident that the group will immensely benefit from their deep knowledge, strategic counsel and rich experience. Over the years, we have created significant sustainable value for all our stakeholders. The induction of new advisors is yet another step towards achieving all round excellence.”
The new members join key former bureaucrats including Mr. Ranjan Mathai, Mr. Vijay Chhibber and Mr. R.Gopalan on Vedanta’s advisory board. An Indian Foreign Services Officer with an illustrious career, Mr. Mathai held several key positions in the Ministry of External Affairs and rose to become the Foreign Secretary of India. An Alumni of National Defence College with over 37 years of distinguished Public Service in Indian Administrative Services, Mr. Chhibber served in several critical ministries including defence, commerce, health and cabinet secretariat. He last served as Secretary, Ministry of Road Transport and Highways. Mr. Gopalan is a renowned former bureaucrat with 36 years of career with Indian Administrative Services. An MBA in Public Administration from Harvard University, Mr Gopalan last served as Secretary, Department of Economic Affairs and Ministry of Finance. He has extensive experience in trade negotiations, financial services and industrial development.
Vedanta’s sustained efforts towards attaining highest standards of corporate governance have been recognized most recently in the India Disclosure Index 2018 compiled by FTI Consulting that analyses the disclosure practices of the top 100 publicly listed corporations. Vedanta was one among just nine companies rated as a “Disclosure Champion” with a score of over 9 out of 10. The natural resources conglomerate has also set a benchmark by being the only company in India that comes out with an annual tax transparency report. The report details the economic value generated by the company and how it is shared with multiple stakeholders in form of taxes, dividends, interest payments, employee expenses and community investments.
Profiles of new Advisors to Vedanta Limited:
Mr. Saurabh Chandra is an Electrical Engineer from IIT Kanpur and hold a Diploma in Management. An IAS officer from 1978 batch, Mr. Chandra served as the Secretary, Ministry of
Petroleum and Natural Gas (MoPNG) from March 2014 to April 2015. Mr. Chandra has also served as Secretary in the Department of Industrial Policy and Planning, Ministry of Commerce and Industry between April, 2012 and February, 2014. Currently, Mr. Chandra is the Public Interest Director on the Board of Multi Commodity Exchange (MCX) of India.
Dr. Leena Srivastava is currently the Vice chancellor of TERI University and a globally renowned sustainability expert. She holds a Ph.D in Energy Economics from Indian Institute of Science, Bangalore and brings to table an experience of 30 years of multi-disciplinary experience in sustainability research – with a focus on energy, environment and climate change. She sits on the Boards of Bharti Infratel Ltd, Shree Cement Ltd and has earlier been on the Board of Reliance Infrastructure Ltd. She is on the President’s Advisory Board on Climate and Energy at ADB and Co-Chair of the Advisory Board of Future Earth.
About Vedanta Ltd:
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 presence across India, South Africa, Namibia, Australia and Ireland
Vedanta Ltd is the Indian subsidiary of Vedanta Resources Limited. 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 more information, visit www.vedantalimited.com
For further information, please contact:
- Anirvan Bhattacharjee / Lennon D’Souza
Tel: +91 22 67574444 / +91 11 40565100