Vedanta Limited
India's coal reserves are the fourth largest in the world, In FY22 India's coal production stood at 777.31 MT, a 8.55% YoY.
Vedanta Limited is one of the world's leading diversified natural resources companies. The company’s main businesses focus on zinc, lead, silver, aluminium, copper, iron ore, oil & gas, and commercial power, while its operations span across India, South Africa, Namibia, Ireland, and Australia. The company holds industry-leading market shares across its core divisions. Vedanta Limited is a Vedanta Group company.
- 65,000 employees
- Revenue stood at Rs. 28,105 crore (US$ 3.79 billion) in the first quarter of FY22
- World’s second largest zinc-lead producer
- Largest primary producer of aluminum
Vedanta Limited: Transforming elements
| Year | Milestone |
|---|---|
| 2023 |
In January 2023, Vedanta announced that its board had approved the sale of its international zinc assets in South Africa and Namibia to subsidiary Hindustan Zinc (HZL) for US$ 2.98 billion. |
| 2022 |
In September 2022, the company announced plans of scaling up its renewable energy sourcing to 1 GW, thus accelerating transition of its operations to green energy. |
| 2021 |
In August 2021, Vedanta Limited announced a plan to invest up to US$ 20 billion towards doubling manufacturing capacities in businesses such as silver and steel. |
| 2020 |
Plans to raise $8 billion through a mix of debt and equity to secure funds for the acquisition of state-run Bharat Petroleum Corp. Ltd (BPCL). The sale, part of India’s asset-sale programme, is expected to fetch the government about ₹45,000 crore and is aimed at helping it make up for the revenue loss caused by covid-related disruptions and secure funding for additional spending to boost the economy Signed an agreement to deploy GE's Digital Smelter solutions at its largest smelter in India at Jharsuguda in OdishaAcquired Ferro Alloys Corporation |
| 2019 |
In August 2019, Vedanta Ltd inaugurated its 1000th NandGhar as a milestone in flagship CSR programme of ‘mining to metals’ |
| 2017 |
The company wins Platinum and Gold at LACP Vision Awards. |
| 2016 |
Vedanta wins accolades at Frost & Sullivan Awards 2016. Vedanta wins accolades at the 55th ABCI awards. |
| 2015 |
Sesa Sterlite Limited renamed Vedanta Limited. |
| 2013 |
Merger of Sesa Goa and Sterlite Industries undertaken in an all-share deal. The company’s name is changed to Sesa Sterlite Limited. |
| 2012 |
Sesa Goa Limited has completed the acquisition of Goa Energy Private Limited. |
| 2011 |
Sesa Goa Limited acquired the assets of Bellary Steel & Alloys Limited (BSAL). |
| 2006 |
Vedanta Resources plc, a diversified metals and mining group, acquires 51 per cent controlling stake in Sesa Goa Limited from Mitsui & Co. Limited. |
| 2005 |
Forbes Asia ranks Sesa Goa as one of Asia's 200 companies with sales more than US$ 1 billion in its "Best Under A Billion" study. |
| 1999 |
The company has acquired Narrain Mines, Karnataka. |
| 1996 |
Amalgamation of the 100 per cent subsidiary, Sesa Shipping Ltd. with Sesa Goa Ltd. |
| 1990 |
Vedanta Limited in association with Kembla Coal & Coke Pvt Limited, Australia set up Sesa Kembla Coke Co Pvt Ltd to produce coke. |
| 1986 |
The first phase of the beneficiation plant and with a capacity of 7.5 lakh tonnes per year, was commissioned. |
| 1981 |
Company was converted into a public limited company. |
| 1979 |
Mingoa Pvt Ltd was amalgamated with the company. |
| 1965 |
Incorporation of the company under the name as Sesa Goa Private Ltd. |
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