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Overview of Vedanta:
Timeline:-
Year Event
2002 Acquired 21% interest in Hindustan Zinc Ltd.
2003 First Indian company to be listed on LSE
2004 Acquired 51% stake in Konkola copper mines
2006 Commissioned 50,000 tons lead smelter in India.
• Listed in NYSE, Largest IPO by a non-US company
2007 • Acquired 51% stake in Sesa Goa Ltd.
Acquired Zinc assets in Namibia, Ireland and South Africa including Gamsberg, the
2010 largest undeveloped Zinc deposit in the world
Completed acquisition of controlling stake in Cairn India, marking entry into Oil &
2011 Gas
• Merger of Sesa Goa and Sterlite as part of Group consolidation
2013 • Sesa Sterlite Limited changed its name to Vedanta Limited
Vedanta Limited's wholly- owned subsidiary, Cairn India Holdings Limited acquired a
51.63% stake in AvanStrate Inc. (ASI), a Japanese manufacturer of LCD glass
2017 substrate.
2018 Acquired Electrosteel Steels Limited under Insolvency and Bankruptcy Code (IBC)
Acquired the Sindhudurg unit of Global Coke Limited, which was under liquidation in
2019 the Bankruptcy Code (IBC).
Acquired Ferro Alloys Corporation Limited (FACOR) under the Corporate Insolvency
2020 Resolution Process (CIRP) of the Bankruptcy Code.
• Acquired Ferro Alloys Corporation Limited (FACOR) under the Corporate
Insolvency Resolution Process (CIRP) of the Bankruptcy Code.
2021 • Acquired Nicomet, becoming only Nickel producer in India.
2023 Foray into Semiconductors and Glass Display.
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Overview of Business:
Vedanta Limited stands as a global natural resources conglomerate, prominently engaged in
key sectors such as aluminium, zinc-lead-silver, oil and gas, iron ore, steel, copper, power, ferro
alloys, nickel, semiconductor, and glass. With strategically positioned assets spanning India,
South Africa, Namibia, and Liberia, our focus is on generating enduring value and superior
cash flows. Vedanta champions a portfolio of structurally low-cost and diverse assets,
demonstrating significant growth potential. Our investments prioritize smarter processes,
industry-leading efficiencies, employee empowerment, and robust corporate governance,
aligning with the nation's evolving needs. Backed by disciplined capital allocation, resilient
cash flows, and a commitment to sustainability, Vedanta caters to diverse consumer markets,
emerging as leaders in respective segments. Our responsible business model, emphasizing
economic, human, and social value, positions Vedanta as a key partner in India's pursuit of
greater self-reliance.
Overview of ESG:
Vedanta is steadfast in its commitment to achieving sustainable and responsible growth,
generating value for both its shareholders and all stakeholders. The company proactively
integrates sustainability into all its practices, adhering to the philosophy of 'Zero Harm, Zero
Waste, Zero Discharge.' The ESG Vision of Vedanta is underpinned by three pillars and nine
key aims.
1. Transforming Communities
Vedanta is committed to maintain it’s 'Social License to Operate' by conducting
ourselves in a consultative, transparent, and fair manner, delivering both economic
growth and providing benefits to society as a whole.
Aim 1: Keep community welfare at the core of business decisions.
Aim 2: Empowering over 2.5 million families with enhanced skillsets.
Aim 3: Uplifting over 100 million women and children through Education, Nutrition,
Healthcare, and welfare
2. Transforming Planet
Vedanta’s commitment lies in spearheading efforts to decarbonize the world, secure
water resources for all, and incorporating technological advancements to ensure our
operations are environmentally sustainable.
Aim 4: Net-carbon neutrality by 2050 or sooner.
Aim 5: Achieving net water positivity by 2030.
Aim 6: Innovations for greener business model.
3. Transforming Workplace
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Vedanta is committed to adopt innovative approaches to manage it’s workforce, design
compelling employee experience and ensuring safe workplace.
Aim 7: Prioritizing safety and health of all employees.
Aim 8: Promote gender parity, diversity, and inclusivity.
Aim 9: Adhere to global business standards of corporate governance
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• Fair & equal opportunity
• Valuing & rewarding ideas & suggestions
5. Quality Of Life
• Care & Well-Being
• Robust support system for Employees, Families & Stakeholders
• State-of-the-art Infrastructure & Recreational facilities
• Flexibility & Manager’s engagement
o Major Highlights
• Pragati:
An exclusive program specially designed for professional competency assessment
& development planning to propel women into key critical roles.
• Wonder Women:
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Amplifying the stories of female role models from core operations to break glass
ceilings & increase induction in unconventional roles.
• Tarang, A new horizon - Women Leadership Development Program:
Tarang aims at identifying potential women leaders at mid-management level,
assessing their strengths and areas of improvements, and enabling them to take up
critical senior- management roles.
• Mentoring in Voyage of O&M:
Mentor-mentee program for women professionals forging a strong foothold in
Operations, including females in B- shifts, to debunk the myth that women can't
work in Operations.
• Swaraksha- My Safety, My Responsibility:
A unique initiative on self-defense of women by the Security team, covering all
female colleagues across business units.
Introduction
In the contemporary corporate landscape, the spotlight on Learning and Development (L&D)
as a catalyst for employee growth and organizational success has become increasingly
pronounced. Vedanta, a prominent player in the business arena, has strategically positioned
itself to capitalize on this paradigm by establishing a dedicated Business Excellence (BE) team.
This team meticulously aligns L&D strategies with overarching business goals, thereby
creating a comprehensive framework that ensures continuous learning and development. This
discourse delves into the multifaceted L&D initiatives at Vedanta, shedding light on their
strategic approach, talent acquisition practices, structured learning programs, and the
integration of experiential learning into their corporate ethos.
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organization. The result is a finely tuned L&D approach that serves as a driving force behind
Vedanta's sustained success.
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induction, focusing on safety training, permits, and fostering cross-functional
interaction. Vedanta's recognition of the importance of both technical and cultural
learning in the onboarding process reflects a nuanced understanding of the elements
crucial for employee success.
This hybrid and continuous learning approach aligns with social learning principles,
emphasizing the importance of collaboration and knowledge sharing. The plant-related
induction, in particular, can be categorized as a form of social learning, as it involves
interaction with various departments and teams, fostering a sense of community and
shared understanding among employees.
2. On-the-Job Training and Project Assignments:
Post the formal learning phase, entry-level employees embark on a 3-4 month on-the-
job training period. This phase is designed to provide practical exposure and foster
informal learning, allowing employees to apply their theoretical knowledge in real-
world scenarios. Regular engagement activities complement the on-the-job training,
ensuring that employees are not left unattended during this critical phase of their
development.
The inclusion of a company-focused project during this period is a strategic move by
Vedanta. This project serves multiple purposes—it allows employees to gain hands-on
experience, encourages the application of theoretical knowledge to real-world
problems, and instils the importance of soft skills through stakeholder interactions.
Moreover, the project is structured to have a submission deadline by the 6th month,
creating a sense of accountability and ensuring that employees are conditioned to
understand and contribute to the business within a defined timeframe.
Once the project is completed and evaluated, Vedanta provides detailed feedback to the
employees. This feedback loop is integral to the learning process, offering insights into
areas of improvement and acknowledging strengths. Post-feedback, employees are
relocated to a new plant and assigned a new project with a similar deadline. This
practice exposes entrants to cross-training, ensuring that they gain exposure to diverse
projects and challenges, contributing to their holistic development.
The above battery of learning programs for new entrants aligns with the 70/20/10
model, a well-established approach to organizational learning. According to this model,
70% of learning comes from informal, work-based learning, 20% from developmental
relationships, and 10% from traditional coursework and formal training. Vedanta's
structured approach to on-the-job training and project assignments effectively
incorporates these principles, creating a well-rounded learning experience for new
employees.
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Figure: 70-20-10 Learning model representation
Experiential Learning
Vedanta's commitment to experiential learning is evident in its strategic hiring of apprentices
and interns. This approach allows individuals to learn through trial-and-error, gaining practical
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insights by actively participating in various tasks and projects. The trial-and-error approach
encourages employees to explore different solutions, observe the results, and derive
understanding from the experience.
Vedanta’s Jharsuguda plant has achieved a milestone by being the second employer in Odisha
with most apprentices.
• Job Rotation:
Vedanta's Job Rotation policy stands as a cornerstone of its talent development strategy.
Since most of the recruitment is of entry level professionals, Vedanta has a laser focus
on internal promotion. The company acknowledges that employee development is not
a linear path and can be significantly enriched by exposure to diverse functions,
locations, and businesses. The intentional rotation of employees in sensitive functions
ensures a holistic change in stakeholders, fostering adaptability and a comprehensive
understanding of the organizational landscape. This approach aligns with Vedanta's
commitment to providing employees with diverse learning opportunities, promoting
both professional and personal growth.
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identification of talents is based on a thorough assessment matrix, including
performance potential, psychometric evaluations, and 360-degree assessments. The
success of these initiatives not only contributes to internal talent mobility but also
underscores Vedanta's commitment to nurturing its talent pool and saving costs
associated with external hires.
Vedanta's talent development practices are not just a set of isolated initiatives, but a
comprehensive and interconnected framework deeply integrated into the fabric of the
organization. By focusing on internal growth, leadership development, and continuous
learning, Vedanta ensures the cultivation of a skilled and motivated workforce capable of
meeting the dynamic demands of the industry. The positive feedback from independent studies
underscores the effectiveness of these initiatives, validating Vedanta's commitment to nurturing
and developing its most valuable asset – its people. As the company continues to evolve, its
robust talent development practices will undoubtedly remain a cornerstone for sustained
success and growth.
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Continuous Learning
Vedanta places a strong emphasis on continuous learning, offering regular training to both new
and existing employees. The provision of refresher training underscores the organization's
commitment to keeping its workforce abreast of evolving industry practices. In this dynamic
environment, the need for ongoing skill enhancement is recognized, allowing personnel to
request training tailored to their needs. This proactive approach not only ensures the workforce
remains relevant but also fosters a culture of self-driven professional development. Vedanta's
commitment to both scheduled and on-demand training reflects a strategic alignment with the
principles of continuous improvement and adaptability.
One such example of refresher training is Safety training which occupies a prominent place in
Vedanta's training initiatives, especially given the nature of its operations in a factory setting.
The presence of inherent hazards necessitates a rigorous approach to safety training. Vedanta's
commitment to ensuring personnel safety is reflected in the mandatory and recurring nature of
safety training for all employees.
Vedanta recognizes that safety is a shared responsibility, and employees play a crucial role in
maintaining a safe workplace. To further emphasize this commitment, Vedanta allows
personnel to request additional training if deemed necessary. This proactive approach to safety
training reflects Vedanta's commitment to empowering employees to actively participate in
their own development and ensure a secure working environment.
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is indicative of Vedanta's commitment to staying agile in the face of evolving business
dynamics.
Conclusion
In the contemporary corporate landscape, where the significance of Learning and Development
(L&D) in fostering employee growth and organizational success is paramount, Vedanta stands
as a noteworthy exemplar of strategic acumen. Through the concerted efforts of its dedicated
Business Excellence (BE) team, Vedanta has woven a comprehensive tapestry of L&D
initiatives that not only align with its overarching business strategy but also pave the way for a
culture of continuous learning and development.
The strategic alignment of L&D strategies with broader business goals, orchestrated by the BE
team, has been a linchpin in Vedanta's success story. The collaboration with business leaders
ensures that the training initiatives are not just timely but also adept at addressing the dynamic
challenges posed by the business environment. The creation of a training basket encompassing
functional, technical, and behavioural components reflects Vedanta's commitment to holistic
employee development, contributing to its sustained success.
Vedanta's unique talent acquisition strategy, with a substantial focus on recruiting graduate
trainees, reveals a forward-thinking approach to shaping the entire employee lifecycle. By
investing in the development of fresh minds, Vedanta not only meets immediate operational
needs but strategically establishes a pipeline of skilled professionals for the future. The
complexity of structuring the lifecycle for a significant number of learners underscores
Vedanta's commitment to long-term organizational vitality.
The structured learning approach for entry-level employees, particularly the 30-day formal
learning plan for Graduate Engineering Trainees (GETs), exemplifies Vedanta's dedication to
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providing a holistic onboarding experience. Blending classroom-bound training with plant-
related induction, Vedanta's hybrid and continuous learning approach aligns with social
learning principles, fostering collaboration and knowledge sharing among employees.
Mentorship at Vedanta is not merely a formality but a strategic move to ensure that employees
have the necessary support to navigate challenges. The yearly appraisal, with a focus on project
outcomes during the learning process, integrates learning and development into the
performance evaluation framework, reinforcing Vedanta's commitment to recognizing and
rewarding employee contributions.
Experiential learning, exemplified by the strategic hiring of apprentices and interns, adds a
dynamic dimension to Vedanta's L&D initiatives. The inclusion of diverse programs like job
rotation, leadership scorecards, and specialized initiatives such as V-Reach Tech showcases
Vedanta's multifaceted approach to talent development.
Vedanta's emphasis on continuous learning, reflected in regular and refresher training,
underscores its commitment to keeping the workforce abreast of industry practices. The
adoption of a Learning Management System (LMS) streamlines training processes, ensuring a
customized learning experience for each unit. Vedanta's strategic investment in global exposure
for employees showcases its recognition of meta skills' importance in long-term success.
In conclusion, Vedanta's journey in L&D is not just a series of initiatives but a strategic
narrative that intertwines with its overall organizational vision. As Vedanta continues to evolve
in the dynamic business landscape, its robust L&D practices serve as a guiding beacon,
fostering a culture of innovation, adaptability, and continuous improvement. The organization's
commitment to nurturing and developing its most valuable asset – its people – positions it as a
forward-thinking player poised for sustained success and growth in the competitive business
landscape. Vedanta's strategic approach to L&D will undoubtedly continue to propel its
workforce towards excellence and ensure a trajectory of enduring success.
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