Vedanta CEO gets Global Recognition for Ethical Practice

Date: 29th January 2010 No-03/2010

Vedanta CEO gets Global Recognition for Ethical Practice Bhubaneswar: An added feather to Vedanta Aluminum `s, cap, for the people of Orissa. Mr M Siddiqi, the CEO of Vedanta Aluminium Ltd, a flagship company of Vedanta Resource Plc has been selected as one of the most INFLUENTIAL PEOPLE IN BUSINESS ETHICS of 2009 by Ethisphere. Significantly Mr. Siddiqi is the only Indian who has been listed among the top hundred most influential people. Other significant names such as US president Barack Obama and Founder of Microsoft Bill Gates also figure in the same list. Mr Siddiqi has been nominated in the Business Leadership category for his outstanding visionary initiatives for the people of Orissa where Vedanta Aluminium has set up its Mining and Smelter projects. The company has already invested Rs 40 thousand cores for these projects and is planning to invest more in the long run. So far Vedanta has the single largest investment by any Corporate House in the state of Orissa.

The recognition has been made by Ethisphere, a leading international think-tank dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability, based in New York. The Institute’s associated membership group, the Ethisphere Council, is a forum for business ethics that includes over 200 leading corporations, universities and institutions. The Ethisphere Council is dedicated to the development and advancement of individuals on its membership council through increased efficiency, innovation, tools, mentoring advice, and unique career opportunities. Ethisphere

Magazine, which publishes the globally recognized World’s Most Ethical Companies Ranking, is the quarterly publication of the Institute. Mr Siddiqi dedicated this recognition to the people of Orissa, as he thanked the institute for recognizing the effort of Vedanta Aluminium in the state, “We are sincerely working for the development of the people at our plant sites both at Jharsuguda and Lanjigarh.” He said “We have miles to go in future and on our journey ahead we are determined to stand beside the people of Orissa”, he said in response to this international recognition. He also thanked the government of Orissa for their continuous and unstinted support to all the projects of Vedanta in Orissa . According to the Institute, this award has been conferred to the selected individuals who had significant impact in the realm of business ethics over the course of the year. Although many listed here are deserving of a lifetime achievement award, this list recognizes those that have made a significant impact specifically during 2009. These individuals represent eight distinct categories; 1) Government and Regulatory; 2) Business Leadership; 3) Non-Government Organization (NGO); 4) Design and Sustainability; 5) Media and Whistleblowers; 6) Thought Leadership; 7) Corporate Culture; and 8) Investment and Research. . About the Company: Vedanta Aluminium Limited is a subsidiary of Vedanta Resources Plc, a London Stock Exchange listed, FTSE 100 Global Metals & Mining Group, having interests in aluminium, copper, zinc, lead and recently, iron & steel. The group has operations in India, Australia, and Zambia. Vedanta Aluminium Limited (VAL) has set up a Greenfield Alumina Refinery in Orissa with a capacity of 1 Million tons per annum. It is also setting up a 0.5 MTPA Aluminum Smelter, 1215 MW Captive Power Plant. The Group Company Sterlite Energy Limted is also setting up a 2400 MW Independent Power Plants at Jharsuguda. VAL is one of the world’s premier alumina refining complex in terms of its technology, human resources and high quality infrastructure. VAL has built a high caliber team who are passionately contributing to the growth and efficiency of the organization.
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