Vedanta Resources: Difference between revisions
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'''Vedanta Resources plc''' ({{lse|VED}}) is a diversified and integrated metals and [[mining]] group headquartered in |
'''Vedanta Resources plc''' ({{lse|VED}}) is a diversified and integrated metals and [[mining]] group headquartered in Mumbai. Vedanta was first listed on the [[London Stock Exchange]] in December 2003<ref>[http://www.londonstockexchange.com/en-gb/about/Newsroom/Media+Resources/Welcome+Stories/2003/10-12-2003.htm "''Welcome to Vedanta Resources''"]. ''Press Release''. [[London Stock Exchange]]. [[December 10]] [[2003]] (URL retrieved [[September 21]] [[2006]]).</ref> and became a constituent of the [[FTSE 100 Index]] in June 2006.<ref>[http://news.bbc.co.uk/2/hi/business/5054520.stm ''"More mining firms join FTSE 100"''], [[BBC News]], [[June 8]] [[2006]] (URL retrieved [[September 21]] [[2006]]).</ref> |
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==History== |
==History== |
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==Operations== |
==Operations== |
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The Company's principal operations are located in [[India]], with a major market share in the metals: [[aluminium]], [[copper]], [[zinc]] and [[lead]]. There are also substantial [[copper]] operations in [[Zambia]] and [[Tasmania]], [[Australia]]. Vedanta's subsidiary '''Sterlite Industries''' is one of India's largest mining companies<ref> |
The Company's principal operations are located in [[India]], with a major market share in the metals: [[aluminium]], [[copper]], [[zinc]] and [[lead]]. There are also substantial [[copper]] operations in [[Zambia]] and [[Tasmania]], [[Australia]]. Vedanta's subsidiary '''Sterlite Industries''' is one of India's largest mining companies<ref></ref> while [[Konkola Copper Mines]] is the largest mining company in [[Zambia]].<ref>[http://www.iloveindia.com/economy-of-india/top-50-companies/sterlite-industries.html Sterlite Industries India - Vedanta Group Profile - Sterlite Industries History<!-- Bot generated title -->]</ref> |
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Other [[Subsidiary|subsidiary companies]] owned by Vedanta Resources include Hindustan Zinc Limited, [[Bharat Aluminium Company]] and Madras Aluminium Company. Vedanta Resources also has a major stake in [[iron ore]] exporter, [[Sesa Goa]]. |
Other [[Subsidiary|subsidiary companies]] owned by Vedanta Resources include Hindustan Zinc Limited, [[Bharat Aluminium Company]] and Madras Aluminium Company. Vedanta Resources also has a major stake in [[iron ore]] exporter, [[Sesa Goa]]. |
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Revision as of 12:56, 16 September 2008
| File:Vedanta Resources.svg | |
| Company type | Public (LSE: VED) |
|---|---|
| Industry | Mining and Resources |
| Founded | 1976, Mumbai, India |
| Headquarters | London, England, UK |
Key people |  Anil Agarwal, Executive Chairman Navin Agarwal, Deputy Executive Chairman |
| Products | Copper, Aluminium, Zinc, Lead and Gold |
| Revenue | $6,502 million (2007) |
| $2,506 million (2007) | |
| $1,812 million (2007) | |
Number of employees | 24,679 (2007) |
| Website | www.vedantaresources.com |
Vedanta Resources plc (LSE: VED) is a diversified and integrated metals and mining group headquartered in Mumbai. Vedanta was first listed on the London Stock Exchange in December 2003[1] and became a constituent of the FTSE 100 Index in June 2006.[2]
History
The business was founded by Anil Agarwal[3] in 1976 as Sterlite Industries operating in the industrial sector.[4] Vedanta Resources was established in 1986 to bring together a variety of businesses owned by the Agarwal family including Sterlite Industries.[5] Vedanta Resources was first listed on the Bombay Stock Exchange in 1988 and on the London Stock Exchange in 2003.[5] In 2004 it acquired a 51% stake in Konkola Copper Mines in Zambia.[6]
Operations
The Company's principal operations are located in India, with a major market share in the metals: aluminium, copper, zinc and lead. There are also substantial copper operations in Zambia and Tasmania, Australia. Vedanta's subsidiary Sterlite Industries is one of India's largest mining companiesCite error: There are <ref> tags on this page without content in them (see the help page). while Konkola Copper Mines is the largest mining company in Zambia.[7]
Other subsidiary companies owned by Vedanta Resources include Hindustan Zinc Limited, Bharat Aluminium Company and Madras Aluminium Company. Vedanta Resources also has a major stake in iron ore exporter, Sesa Goa.
References
- ^ "Welcome to Vedanta Resources". Press Release. London Stock Exchange. December 10 2003 (URL retrieved September 21 2006).
- ^ "More mining firms join FTSE 100", BBC News, June 8 2006 (URL retrieved September 21 2006).
- ^ Freedman, Michael. "All Mine: Anil Agarwal capitalized on India's economic liberation to make a $1 billion fortune". Forbes. March 15 2004 (URL retrieved September 21 2006).
- ^ Vedanta Resources Senior Mananagement
- ^ a b Vedanta Resources History
- ^ Vedanta Resources buys Zambia's largest copper producer
- ^ Sterlite Industries India - Vedanta Group Profile - Sterlite Industries History
External links
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