Mining giant Vedant Group Monday announced that it has granted Employee Stock Options Scheme (ESOS) worth ₹450 crore for FY25.
ESOS is an employee benefit plan that allows staff to purchase company shares at a nominal price of Re 1, rewarding their contribution to the company’s growth. It acts as a performance-linked incentive while promoting long-term wealth creation. The ESOS grant extends across the organization, covering everyone from entry-level employees to top management. New hires are being offered ESOS grants equivalent to nearly 30% of their fixed salary.
Mukesh Sharaf, a mid-career HR professional at Vedanta’s BALCO, said, “The stock options scheme played a pivotal role in helping me secure a home for my family. It’s more than a financial benefit – it’s a symbol of trust and long-term partnership that Vedanta offers to its employees.”
Vedanta has been running its employee stock option scheme for more than two decades. Over the past five years, the value of these equity awards has surged by more than 80%. “Vedanta Group…has set a new benchmark in inclusive wealth creation by awarding ESOS worth over Rs 450 crore in FY25,” the company said in a statement.
Vedanta, a subsidiary of Vedanta Resources, is one of the world’s leading critical minerals, energy and technology companies spanning across India, South Africa, Namibia, Liberia, the UAE, Saudi Arabia, Korea, Taiwan and Japan with significant operations in sectors like oil and gas, zinc, lead, silver, copper, iron ore and steel.
