Vedanta Resources

Vedanta Resources

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Vedanta Resources

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Description:
Vedanta Resources plc () is a global mining and metals company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and also has mining operations in Australia and Zambia. Its main products are copper, zinc, aluminium, lead and iron ore. It is also developing commercial power stations in India in Orissa (2,400 MW) and Punjab (1,980 MW).

It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

The company was founded by Anil Agarwal in Mumbai in 1976. It was first listed on the London Stock Exchange in 2003 when it raised $876 million through an Initial Public Offering. It raised an additional $2bn through an ADR issue in 2007. In 2008 it bought certain of the assets of Asarco, a copper mining business, out of Chapter 11 for $2.6bn.

Operations

Copper

Sterlite Industries (India) Ltd.: Sterlite is registered office headquartered in Tuticorin, India. Sterlite has been a public listed company in India since 1988, and its equity shares are listed and traded on...
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