{"id":42799,"date":"2024-10-04T19:15:52","date_gmt":"2024-10-04T13:45:52","guid":{"rendered":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/04\/hil-vedanta-acquires-full-ownership-of-odishas-kalinga-lancers\/"},"modified":"2024-10-04T19:15:52","modified_gmt":"2024-10-04T13:45:52","slug":"hil-vedanta-acquires-full-ownership-of-odishas-kalinga-lancers","status":"publish","type":"post","link":"https:\/\/risingentrepreneurs.in\/index.php\/2024\/10\/04\/hil-vedanta-acquires-full-ownership-of-odishas-kalinga-lancers\/","title":{"rendered":"HIL Vedanta acquires full ownership of Odisha\u2019s Kalinga Lancers"},"content":{"rendered":"<div>\n<div>\n<p><strong>New Delhi [India], October 4: <\/strong>Reinforcing its long-standing commitment to promoting sports in Odisha, Vedanta Limited announced its acquisition of the Kalinga Lancers \u2013 a premier hockey team based in Odisha\u2019s capital city Bhubaneswar.<\/p>\n<p>At a franchisee event held here in the national capital ahead of the highly-anticipated return of the Hockey India League (HIL), this acquisition assumes utmost significance as Odisha is well-known as a region where Vedanta has been playing a pivotal role in the state\u2019s socio-economic development for over two decades.<\/p>\n<p>Notably, the former HIL champions \u201cKalinga Lancers\u201d were previously co-owned by Odisha Industrial Infrastructure Development Corporation (IDCO) and Mahanadi Coalfields Limited (MCL), while Vedanta Aluminium now assumes full ownership with a vision to further build up the team\u2019s legacy of excellence and elevate their standing in the future HIL seasons.<\/p>\n<p>Commenting on this landmark acquisition, Ms. Priya Agarwal Hebbar, Non-Executive Director, Vedanta Limited and Chairperson, Hindustan Zinc, stated, \u201cAt Vedanta, we are committed to transforming India into a global sporting powerhouse. Hockey has been one of the pillars of India\u2019s sports success with the recent Olympic victories highlighting further its potential.\u201d<\/p>\n<p>\u201cWith our acquisition of the Kalinga Lancers, we are investing not only in the team, but also in the future of Indian hockey. Through enhanced infrastructure, grassroots talent scouting and focused training, we aim to foster a new generation of athletes who will proudly represent India on the world stage,\u201d Ms Hebbar averred.<\/p>\n<p>Pertinent to note that, this acquisition marks another step in Vedanta\u2019s mission to blend business growth with impactful community development while positioning Odisha as a nucleus of sports excellence in India.<\/p>\n<p>Besides, Vedanta\u2019s strategic focus will be on assembling a competitive team for the upcoming HIL season by bolstering infrastructure, securing sponsorships and exploring partnerships to strengthen the Lancers\u2019 position in the league.<\/p>\n<p><em>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/em><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi [India], October 4: Reinforcing its long-standing commitment to promoting sports in Odisha, Vedanta&#8230;<\/p>\n","protected":false},"author":2,"featured_media":42800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1340,1339],"class_list":["post-42799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-pr","tag-press-release"],"_links":{"self":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/comments?post=42799"}],"version-history":[{"count":0,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/posts\/42799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media\/42800"}],"wp:attachment":[{"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/media?parent=42799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/categories?post=42799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/risingentrepreneurs.in\/index.php\/wp-json\/wp\/v2\/tags?post=42799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}