Community hub
Recent from talks
Contribute something to knowledge base
Content stats: 0 posts, 0 articles, 0 media, 0 notes
Members stats: 0 subscribers, 0 contributors, 0 moderators, 0 supporters
Subscribers
Supporters
Contributors
Moderators
Hub AI
Vedanta Resources AI simulator
(@Vedanta Resources_simulator)
Hub AI
Vedanta Resources AI simulator
(@Vedanta Resources_simulator)
Vedanta Resources
Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are zinc, lead, silver, oil and gas, iron ore, steel, aluminium and power. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW).
The company with 20,000 employees is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.
Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018.
The company was founded in Bombay (now Mumbai) in 1976 by Anil Agarwal, as a scrap-metal dealership. In 1979, he acquired the Shamsher Sterling Corporation (subsequently renamed Sterlite Industries), a manufacturer of power and control cables.
The company acquired a majority stake in Balco, the Indian state aluminium business, in 2001. It was first listed on the London Stock Exchange in 2003 when, as Vedanta Resources, it raised US$876 million through an initial public offering.
In 2006, Vedanta acquired Sterlite Gold, a gold mining business, and in 2007, Vedanta Resources bought a 51% stake in Sesa Goa, India's largest producer-exporter of iron ore, and the company became listed on NYSE with a US$2 billion ADS issue.
In 2008, Vedanta bought certain of the assets of Asarco, a copper mining business, out of Chapter 11 for US$2.6 billion. and in 2010, it acquired Anglo-American's portfolio of Zinc assets in South Africa, Namibia and Ireland.
In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, India's largest private sector oil and gas company and in 2013, Sterlite Industries and Sesa Goa announced a merger. The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). In June 2018, Vedanta acquired 90% stake in Electrosteel Steels, a steel producer.
Vedanta Resources
Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia and oil and gas operations in three countries. Its main products are zinc, lead, silver, oil and gas, iron ore, steel, aluminium and power. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW).
The company with 20,000 employees is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.
Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018.
The company was founded in Bombay (now Mumbai) in 1976 by Anil Agarwal, as a scrap-metal dealership. In 1979, he acquired the Shamsher Sterling Corporation (subsequently renamed Sterlite Industries), a manufacturer of power and control cables.
The company acquired a majority stake in Balco, the Indian state aluminium business, in 2001. It was first listed on the London Stock Exchange in 2003 when, as Vedanta Resources, it raised US$876 million through an initial public offering.
In 2006, Vedanta acquired Sterlite Gold, a gold mining business, and in 2007, Vedanta Resources bought a 51% stake in Sesa Goa, India's largest producer-exporter of iron ore, and the company became listed on NYSE with a US$2 billion ADS issue.
In 2008, Vedanta bought certain of the assets of Asarco, a copper mining business, out of Chapter 11 for US$2.6 billion. and in 2010, it acquired Anglo-American's portfolio of Zinc assets in South Africa, Namibia and Ireland.
In 2011, Vedanta acquired 58.5% controlling stake in Cairn India, India's largest private sector oil and gas company and in 2013, Sterlite Industries and Sesa Goa announced a merger. The merger took place in August 2013 and the consolidated group was then called Sesa Sterlite Ltd (now Vedanta Limited). In June 2018, Vedanta acquired 90% stake in Electrosteel Steels, a steel producer.