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Vedanta Resources

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About Vedanta Resources

Vedanta Resources plc (VED) is a diversified and integrated metals and mining group. Headquartered in the United Kingdom, its principal operations are located in India, with a major market share in each of the main 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 while Konkola Copper Mines is the largest mining company in Zambia.

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Vedanta's Indian zinc and copper operations rank in the top quartile of global cost efficiency. date=February 2007

In addition to the existing operations, Vedanta currently has a range of expansion projects involving investment of over $2bn, which is already more than half completed. date=February 2007

Vedanta was listed on the London Stock Exchange in December 2003, and the FTSE 100 Index in June 2006.

Subsidiary companies owned by Vedanta Resources include Hindustan Zinc Limited, Bharat Aluminium Company, Konkola Copper Mines in Zambia, Sterlite Industries, and Madras Aluminium Company. The founder of Sterlite Industries and Vedanta Resources is the billionaire Anil Agarwal. Vedanta Resources also has a major stake in iron ore exporter, Sesa Goa.

Vedanta Resources has been repeatedly accused of multiple environmental and human rights abuses, ranging from inadequate handling of hazardous waste, to forced eviction,violence and bribery. A recent report by the Norwegian Council on Ethics to the Norwegian Government Oil Fund detailed many of these alleged abuses, prompting the Norwegian government to withdraw investment from Vedanta Resources citing environmental damage as the cause.

  1. Mentioned In 4 Articles

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    Explore Article India Business Blog (Mar 12 2010)

    Finance Friday: The Fate of Low Floating-stock Counters – Valuation Crunch in Nmdc Fpo ...lobal miners such as BHP Billiton and Rio Tinto and even local peers such as Sesa Goa controlled by Vedanta Resources. “At Rs.300, it (NMDC) is trading roughly 13 times its FY11 earnings. So, there is very little upsi... (Read Full Article)

    Comment on Article Mentions:   Vedanta Resources   Nmdc   LIC

  3. Still at No 1

    Explore Article FOX Sports on MSN (Apr 28 2009)

    ...on page 30 70= ? 600m t ? 1.85bn Anil Agarwal Mining The share price of London- listed mining group Vedanta Resources has plunged with the end of the boom in metals and its founder and chairman, Agarwal, 56, has seen ... (Read Full Article)

    Comment on Article Mentions:   Vedanta Resources   Jimmy Choo   General Motors

  4. Vedanta's Bid For Asarco Meets Fresh Challenge From Grupo Mexico

    Explore Article VCCircle (Apr 14 2009) Acquisition

    NRI businessman Anil Agarwal controlled Vedanta Resources could face fresh challenge in acquiring US copper firm Asarco. Mexican mining company Grupo Mexico,... (Read Full Article)

    Comment on Article Mentions:   Asarco   Vedanta Resources   Anil Agarwal

  5. Sterlite to buy Asarco for $1.7 bn

    Explore Article India Business Blog (Mar 7 2009) Acquisition

    Vedanta Resources has made a $1.7 bn takeover bid for US based copper miner Asarco. Vedanta will be using Sterlite In... (Read Full Article)

    Comment on Article Mentions:   Suzlon Energy Ltd   Vodafone   Vedanta Resources

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