As per Honourable Supreme Court’s Order, Sterlite Industries will deposit 5% of the profit or Rs. 10 Crore - whichever is higher - for local area development around Lanjigarh. For this a special purpose vehicle Lanjigarh Project Area Development Foundation (LPADF) was formed.
Under this project, recently, a foundation stone was laid to construct two additional class rooms of Niyamgiri High School at Chatikana near Bisamcuttack of Rayagada district Mr. Mrityunjay Lenka, GM – Geology, Vedanta Aluminium Limited, Lanjigarh laid the foundation stone for the construction of the buildings.
Speaking on the occasion, Dr. Mukesh Kumar–President and COO, Vedanta Aluminium Limited, Lanjigarh–said, “Niyamgiri High School at Chatikana is situated in one of the poorest regions of Orissa, so developing the infrastructure of the school of this place is our prime responsibility. Through LPADF many such activities have been carried out and a lot in the store in future for the people of this area.”
Mr. P Trinath Rao, Head Master, Niyamgiri High School expressed happiness and said he is thankful to Vedanta for laying the foundation stone to construct the additional class rooms through LPADF. He also said that the additional class rooms were very much necessary for they were facing difficulties in managing with few class rooms.
Till now, 24 projects have been approved for Rayagada district under LPADF which construction of two additional classrooms at Niyamgiri High School, Chatikona is one of the projects to be executed by VAL.
LPADF is a special purpose vehicle formed, as per Supreme Court’s Order by Government of Orissa, Sterlite Industries India Limited (SIIL) and Orissa Mining Corporation (OMC). The LPADF would dedicatedly take up development project in 50 km radius around Vedanta Alumina Refinery Project at Lanjigarh. Sterlite Industries will deposit 5% of the profit or Rs. 10 Crore - whichever is higher - for the project for local area development with this special purpose vehicle.
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