E-mail: einward.ris@kfintech.com. Residents say the copper smelter is causing environmental damage. Vedanta Recruitment. In early 2016, due to local protests related to environment pollution, the plant was temporarily shut down by the Tamil Nadu state government. HZL is listed on Indian stock exchanges (NSE and BSE).HZL's fully integrated zinc operations include five lead-zinc mines, one rock phosphate mine, four hydrometallurgical zinc smelters, two lead smelters, one lead-zinc smelter, four sulphuric acid plants, one silver refinery and six captive power plants at our Chanderiya, Dariba and Zawar facilities in the State of Rajasthan, processing and refining facilities for zinc at Haridwar and for zinc, lead and silver at Pantnagar, both in the State of Uttarakhand and in northern India. Cairn India's resource base is located in four areas – the onshore RJ-ON-90/1 (Rajasthan) block, two blocks on the west coast of India, four blocks on the east coast of India (including one in Sri Lanka) and one block in South Africa. This resulted in a ban on Sterlite from accessing capital markets for 2 years. Sesa Sterlite is the largest private sector exporter of iron ore in India. Most of the protests were related to what locals perceived to be pollution from the Sterlite factory. In FY 2013, these operations delivered 870,000 tonnes of mined zinc-lead metal-in-concentrate, and 802,000 tonnes of refined zinc and lead. His son Anil Agarwal had come to Mumbai to expand their business. Careers, Recruitment, Jobs, Vacancies – at multinational corporation company – Find All the Job Openings. The remainder is sold to customers located in India. Vedanta (then called Sterlite industries) had humble beginnings in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and began to buy mining concessions in different states of India. During this time, the company also started the Sesa Community Development Foundation that supported the NCM Sesa Technical School and a football academy called SESA F.A. The company has recently commenced gas sales from the Rajasthan Block. The company today known as Sesa Goa was founded in 1954, as Scambi Economici SA Goa. This heat can be used for producing clean electricity. The Liberia Gola Forest Community people who also suffered from the civil war believe that the coming of Western Cluster will help to alleviate their suffering and provide employment. Extensive drilling at our Liberia assets has confirmed a billion tonne of Iron Ore deposit last year with further multifold upside. [59], Vedanta Aluminium received the prestigious recognition of "Indian Affairs India's Most Valuable Aluminum Producing Company of the Year 2018" & Its CEO Abhijit Pati in the category of “Indian Affairs Innovative CEO of the year 2018” at the Satya Brahma iconic 9th Annual India Leadership Conclave 2018 in Mumbai.[60]. Vedanta 1, Ground Floor, 384- B, Dabholkar Wadi, Kalbadevi Road Mumbai - 400002, Maharashtra, India Mumbai-400093, India. Copper: Vedanta limited operates the largest copper smelter In India, in Tuticorin. Unit: Vedanta Limited. However, delisting is a lengthy process and may take years.[44]. [48] In FY2016, Vedanta recycled 47% of the fly ash generated through operations, as well as recycled 23% of the water utilized during its operations. It … Know More about Vedanta Ltd with information of turnover and no of employees. VEDANTA LIMITED is a Public Company limited by Shares. They started producing iron ore which was exported from the port towns of Haldia and Paradip. In 2011, Sesa Goa purchased 51% stake in Western Cluster, Liberia for $90 million. The company uses non-polluting, non-recovery Australian Technology. [15][16] This was the second largest[17] acquisition in India's iron-ore industry, and it gave Sesa Goa access to Dempo's 70 million tons of iron-ore mineable resources in Goa. [citation needed], Aluminium: BALCO has a smelter capacity of 345 ktpa with capabilities to produce ingots, wire-rods, billets, busbars and rolled products. Mumbai-400093, India. HZL owns and operates a fully integrated zinc-lead business. Office: Vedanta Limited 1 st Floor, 'C' Wing, Unit 103, Corporate Avenue, Atul Projects, Chakala, Andheri (East), ... Mumbai, India: Vedanta Limited today announced its unaudited consolidated results for the Second quarter (Q2) and half year ended 30th September 2020. It has also stated that their plant does not pump any water into the sea, due to a change in the plant configuration after a previous (2013) complaints from the state government. In April 2018, the Government of Tamil Nadu placed an order to close down the factory. At the plant in Amona, negative pressure in the ovens ensures no polluting leakages. The notes will be partly secured by shares in Mumbai-listed unit Vedanta Ltd., according to separate exchange filings from Vedanta and the U.S. hedge fund. Tel: +91 40 6716 2222/ 1-800-34-54001/ 1-800-42-58998. Available. It is registered with Registrar of Companies, Mumbai on Jun 25, 1965. Latest Career Opportunities in Vedanta!!! … They are also setting up a 1,980 MW Talwandi Sabo power plant in the state of Punjab. [citation needed], Pig Iron: This business is skewed towards catering to the steel mills and foundries of the Indian market, in particular the Western and Southern India. D.P.Agarwal had a small aluminium conductor business in Patna [4], Vedanta (then called Sterlite industries) had humble beginnings in the 1980s, as the founder D.P.Agarwal founded Sterlite Industries (India) Limited in Mumbai and began to buy mining concessions in different states of India. These cookies are essential for You to browse on Our Site and use its core services. vedantamumbai.org uses cookies to enable certain features and improve Your site experience. In 2009, Sesa Goa acquired Goa-based Dempo Group's mining and maritime businesses for ₹17.5 billion (US$250 million) in an all-cash deal. Please enable Essential Cookies first so that we can save your preferences. It programmes a life of mental peace combined with dynamic action in the world. In 2007, it became a majority-owned subsidiary[19] of Vedanta Resources Plc, listed on the London Stock Exchange, when Vedanta acquired 51% controlling stake from Mitsui & Co., Ltd. Sesa Sterlite holds a controlling 51% stake in BALCO, while the Government of India remains an equity partner and holds the remaining 49% stake. Cairn India's Rajasthan block is the largest onshore discovery in India in the last 20 years and has an estimated 7.3 billion barrels of oil equivalent in place with a basin potential to support a production rate of 300,000 barrels of oil per day. Vedanta Resources Ltd. is in talks with banks for a further $600 million to finance the delisting of its Indian unit, according to people with knowledge of the matter. Vedanta means the end of knowledge. Vedanta Resources itself is a holding company that owns many entities including a large proportion of Vedanta Limited and Sterlite industries. Our Australian operations produced 26kt of mined metal in FY 2013. OVERVIEW - VEDANTA LIMITED. MUMBAI, India , Nov. 6, 2020 /PRNewswire/ -- Vedanta Limited today announced its unaudited consolidated results for the Second quarter (Q2) and half year ended 30 th September 2020. Above all its philosophy leads one to the ultimate goal of Self-Realisation. [citation needed], Vedanta invested US$37 million towards community development in 2015–16, benefitting over 2.25 million people globally. A new 1,200 MW power plant is expected to commence production soon. Vedanta Ltd, India arm of Anil Agarwal-controlled, London-headquartered Vedanta group on Wednesday said it … This development came days after Vedanta Resources raised its stake in Mumbai-listed unit Vedanta Ltd to 55.11 per cent by buying from open market shares worth Rs 2,959 crore. There was little equipment, either with the plant or with the government to take actual measurements of the air in the vicinity. In the 1990s, Sesa Goa began further expansion, aided by an influx of foreign investment during the economic liberalization of India enforced by the World Bank and IMF. We also manufacture pig iron and metallurgical coke. This means that every time you visit this website you will need to enable or disable cookies again. Key Executive detail. Cairn India has a planned net capital investment of US$3 billion through FY2016, with around 80% of this investment allocated for the Rajasthan block. The promoters ownership (51%) is held under "Westglobe limited" under "Twinstar holdings" (37%) and Finsider international (11%). [57][58] The firing killed 13 people and protesters turned violent, burning vehicles and structures. The merger happened in 1979 and the new, unified company was called 'Sesa Goa Pvt Ltd'. Sterlite Copper represents a key aspect of Vedanta Limited's Copper Business. Vedanta shares jumped as much as 10.3% to 98.2 rupees in early Wednesday trading in Mumbai. https://www.bseindia.com/bseplus/AnnualReport/500295/5002950319.pdf, "Vedanta's Sesa Iron Ore to make all mines operational in Goa", "NCLT approves Vedanta's resolution plan for Electrosteel (Lead)", "Chidambaram faces flak on Vedanta links", http://profit.ndtv.com/Corporate/Company-History/100295/Sesa-Goa-Ltd-?microslug=livebudget2012, "Sesa Goa: Volume expansion to drive growth", http://www.edelweiss.in/market/Information.aspx?co_code=502&tb=CH, "The Hindu Business Line : FFE Minerals ties up with Sesa Kembla for coke oven", "Vedanta Chairman Speech | Vedanta Ltd Chairman Speech", "Vedanta bags Mitsui's 51% in miner Sesa Goa", "Sesa Goa buys Dempo's mining biz | Business Standard News", "Sesa Goa acquires Dempo Mining « WeeksUpdate", "Sesa Goa to buy 51% stake in Western Cluster for $90 mn", "Vedanta to merge Sesa Goa, Sterlite Ind in all-share deal | Business Line", "Vedanta's Cairn India stake buy completed", "Sesa Goa, Sterlite Combine to Reduce Debt of Parent Vedanta", "Vedanta enters steel with acquisition of Electrosteel Steels, to hold 90%", "Vedanta to be delisted from Indian bourses, says Anil Agarwal", "Getting hold of Hindustan Zinc's cash turning an expensive affair for Vedanta", "Vedanta's copper smelting plant ordered to stop operations", "Vedanta Aluminium acquires 24.5% stake in L&T subsidiary", "Vedanta revives second stream operations at Lanjigarh refinery", "Vedanta to produce 1.5 mn tonnne aluminium in FY17", "Pro-Development Demonstration by Dongaria Tribals", "Vedanta limited shareholding pattern (September 2018) – Pages 4 and 5", "Share holding pattern – Vedanta Limited, India", "Vedanta board approves proposed de-listing from BSE, NSE", "FAQ on Sterlite Copper – updated 17th September 2018", "Zinc day – production to grow after hiatus of 6 years", "Vedanta Resources to invest $30 million in R&D: Anil Agarwal", "Vedanta among top 10 sustainable firms in India: CII", "Vedanta launches green initiative to dispose red mud in Odisha", "Govt inks MoU with Vedanta to build 4,000 'next generation' Anganwadis", "Vedanta aims to make women self-reliant by implementing skill development", "Press release – Ref.No.PR 71/2001 (19 April 2001)", https://www.ndtv.com/india-news/tuticorin-anti-sterlite-protest-power-cut-for-vedanta-owned-sterlite-in-tuticorin-10-latest-facts-1857089, http://www.business-standard.com/article/companies/sterlite-s-pollution-problem-113041801267_1.html, http://www.dinamalar.com/news_detail.asp?id=2027846, https://www.bbc.com/news/world-asia-india-44234715, https://www.firstpost.com/india/sterlite-protest-live-updates-palaniswami-govt-appeals-against-madras-hc-order-to-preserve-bodies-of-thoothukudi-victims-4480617.html, "Vedanta Aluminium & Abhijit Pati Honored & recognized at historic India Leadership Conclave & Awards 2018 – Odisha Affairs", https://en.wikipedia.org/w/index.php?title=Vedanta_Limited&oldid=996108538, Companies listed on the New York Stock Exchange, Short description is different from Wikidata, All articles with vague or ambiguous time, Vague or ambiguous time from December 2019, Articles with unsourced statements from February 2018, Official website different in Wikidata and Wikipedia, Creative Commons Attribution-ShareAlike License, Twin star (a Mauritius-based offshore holding company that owns sizable parts of Vedanta limited). Between 1993 and 1999, Sterlite and its investment companies allegedly brought in Rs 2.08 billion to India through Twinstar to subscribe to the shares of Sterlite and make investments in the company.[7][5]. In the 1990s, Sesa Goa was purchased by Sterlite industries (subsequently renamed as Vedanta Limited). Vedanta Institute Mumbai is a charitable trust working towards the betterment and enrichment of people's lives through the sublime message of Vedanta. Scambi Economici Societa Anonyma (SESA), owned by Baron Ludovic Toeplitz, with the financial backing of Alessandro Vassalo, obtained the Orasso Dongor mining lease in Sirsaim, Goa in 1954 and Sesa Goa Limited was formed. This is d max that they can buy in a Financial year. Twinstar became the 100% owner of shares in these investment companies and received government approvals from the RBI as well as the Foreign Investment Promotion Board (FIPB). Manufacturer offered by Vedanta Limited from Mumbai, Maharashtra, India Currently, they are reviewing the different phased options including the first phase of 2 million tons. Madras Aluminium Company: MALCO is headquartered in Mettur, India. The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. Subsequent to receiving all the approvals they have started mining in Karnataka from 28 December 13. Develop the intellectual clarity to deal with the challenges of life. [citation needed], Metallurgical Coke: Approximately 65% of total production is consumed by Sesa group, for its pig iron production. Mumbai: Promoters of Anil Agarwal-led Vedanta Ltd NSE -1.90 % has pledged and encumbered their entire stake of 55.11% equity with OCM Verde Investment in order to fund Vedanta Resources ’ outstanding debt of $900 million and for acquisition of up to 11.5% shares in Vedanta Ltd by the promoter group, Vedanta Mauritius Limited, the company said. [22] On 11 April 2017, Cairn India merged with Vedanta Limited to consolidate its position as one of the largest diversified natural resources companies in the world.[23]. [12] In 2003, the Sesa Goa equity in Sesa Industries was raised to 88.25%, impacting the shareholding pattern. The protests continued for three months and began to draw the attention of the media as well as local political parties who began to instigate as well as mobilise locals. Its subsidiary, Western Cluster Ltd is developing large iron ore deposits in Liberia. (Bloomberg) -- A unit of Vedanta Resources will issue $400 million in notes to an entity under Oaktree Capital Group, as the mining conglomerate looks to meet liquidity needs. This technology generated power[11] as a by-product. Nanakramguda, Serilingampally, Hyderabad Rangareddi-500032, Telangana. MALCO's equity shares are listed and traded on the NSE and BSE. Other alliances were formed in the nineties—in January 1995, Sesa Shipping was launched by acquiring a transhipper M.V. MUMBAI: Vedanta Resources Ltd, the promoter entity of Billionaire Anil Agarwal’s Vedanta Ltd on Thursday bought 185 million shares or 4.98% equity … In 1997, A Narrain mines located in Chitradurga, (Karnataka) were purchased. Cairn India has a current[when?] Selenium Building, Tower- B, Plot No 31 & 32, Gachibowli Financial District. Vedanta Jobs in Mumbai currentaffairs360.com Vedanta Limited invited eligible candidates for various > new posts. He was soon joined by his two sons, Navin Agarwal and Sunil Agarwal, both of who currently run the company. Create love and harmony in relationships. Cairn India is India's largest private-sector crude oil producer, contributing to over 25% of India's crude oil production. Tuticorin Complex. The announcement confirmed an earlier story by Bloomberg News. [47] The Confederation of Indian Industry (CII) ranked Vedanta Limited and its subsidiary Hindustan Zinc among the top ten sustainable firms in India. The deal was worth ₹40.7 billion (US$570 million), making it the largest M&A deal in the industry so far. In 1999, Sesa Goa started mining operations in Barbil, which has the fifth largest deposit of iron ore and manganese in the world. Sesa Goa had started with iron mining as its core business but slowly, it ventured into barge construction in 1984 at Sirsaim, located in the Bardez taluka of North Goa. Sesa Sterlite owns 64.9% of the share capital of HZL, while the Government of India remains an equity partner and holds a 29.5% stake. Weekly studies of an hour each are held for serious aspirants in various parts of Mumbai. They have commercial power generation business that currently operates 2,400 MW Jharsuguda Power Plant in Odisha, 270 MW BALCO power plant in Chhattisgarh, 100 MW MALCO power plant in Tamil Nadu and 274 MW HZL wind power plants at various locations in India. [46], Oil & Gas: Sesa Sterlite's Oil & Gas operations comprise the assets of Cairn India in India, Sri Lanka and South Africa. Hindustan Zinc has 274 MW of wind power generational capacity, making it one of the largest producers of wind power in India. Description: The company distributes metals such as zinc, iron ore, copper, silver, and aluminium, as well as operates power plants. [6], In the 1990s, as the Indian government began to sell off sick (non-performing) companies, Sterlite began to bid for them. Vedanta is derived from two words  Veda – Knowledge and  Anta – End. Mumbai Maharashtra , 400099 (022) 66461000 www.vedantalimited .com. HZL is one of the world's largest integrated zinc-lead producers by volume. [5], On 8 December 1999, officials of the Income Tax department raided the offices of Sterlite located at Dhanraj Mahal, Apollo Bunder and Tulsiani Chambers, Mumbai, and seized many documents. Various type of Product Development, Customer Care, Retail, IT, Sales, Marketing, HR, Finance Posts. Chairman Visits Vedanta College, Mumbai to inspire students . This contributes to nearly 50% of Vedanta Limited's profits. The Directorate alleged that the Agarwals, before liquidating the shares of the investment companies mentioned, had written off loans worth 230 million and made an agreement to gift their overseas corporate body, Twinstar, a sum of Rs 338 million including shares of Sterlite worth Rs 72 million. Private Limited (now Sesa Resources Limited) along with its fully owned subsidiary Dempo Mining Corporation (now Vedanta Limited) and 50% equity in Goa Maritime Private Limited. The annual production capacity is 250,000 tons per annum. Iron ore mining operations are carried out in the Indian States of Goa and Karnataka. The notes in both cases will be partly secured by shares in Mumbai-listed unit Vedanta Ltd. Vedanta means the end of knowledge. The IT department then decided to engage the services of ED officials as it appeared that there could have been a violation of the country's foreign exchange laws. Abhinav Singh +91-22-66434639 Ramnath Krishnan +91 9176785763 Abhinav.Singh2@vedanta.co.in Ramnath.Krishnan@vedanta.co.in International Customers Europe . Sesa Goa has patented a technology that provides high quality output and produces power. After analyzing these documents, the ED inferred that Twinstar was incorporated with the sole intention of acquiring an interest in Sterlite. In 2011, Sesa Goa limited had acquired iron ore assets in Liberia, with around 1 billion in reserves and resources across three deposits – Bomi Hills, Bea Mountain and Mano River, located at a distance of 70–140 kilometers from the port at Monrovia. In 1992, the first phase of a 150,000 ton pig iron plant was commissioned. In 2011 Vedanta Resources bought 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company.

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