Vedanta donated Rs 155 cr to political parties in FY23

New Delhi: Billionaire Anil Agarwal's mining conglomerate Vedanta Ltd donated Rs 155 crore to political parties through electoral bonds in the fiscal ended March 2023, according to the company's latest annual report. The donation was higher than Rs 123 crore the firm gave in 2021-22 (April 2021 to March 2022), the annual report for 2022-23 said. It did not give the names of the beneficiary political parties. The Modi government had, in 2017-18, introduced the system of electoral bonds for electoral funding. This was to provide an alternative to the cash donations. Anyone could buy electoral bonds from the State Bank of India (SBI) and donate them to any political party.