Vedanta CFO GR Arun Kumar resigns

On 22^nd February 2021, mining and metal giant Vedanta announced that G R Arun Kumar has resigned from the company as Chief Financial Officer (CFO).

However, the company said in a filing to BSE that it will declare the effective date of relieving of Kumar and details of the successor in due course.

"The board has taken note of the resignation of GR Arun Kumar from the post of Whole-Time Director & Chief Financial Officer of the company to pursue a career outside of the Group," Vedanta said.

“Kumar has made an invaluable contribution towards the company's growth and its transformation journey during his tenure of close to eight years”, Vedanta added.

Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading diversified natural resource companies with business operations in India, South Africa, Namibia, and Australia.

Vedanta is India's largest producer of aluminium, producing 1.95 million tonnes per annum (MTPA) in FY19. The company has two state-of-the-art aluminium smelters at Jharsuguda, (Odisha) and BALCO in Korba, (Chhattisgarh), with a total installed capacity of 2.2 MTPA.