Vedanta Resources Limited history, company profile (overview) and corporate video
Vedanta Resources Limited is a globally diversified natural resources company headquartered in London, United Kingdom. Its major products are zinc-lead-silver, iron ore, steel, copper, aluminum, power, oil and gas.
HISTORY
Vedanta Resources was founded in 1976 as a scrap metal dealership by Anil Agarwal in Bombay (now Mumbai).
In 1979, he acquired the Shamsher Sterling Corporation, a manufacturer of power and control cables. Shamsher Sterling Corporation was subsequently renamed Sterlite Industries.
In 2001, the company acquired a majority stake in Balco, the Indian state aluminum business.
In 2003, Vedanta Resources was listed on the London Stock Exchange.
In 2006, the company acquired Sterlite Gold, a gold mining business.
In 2007, Vedanta Resources bought a majority stake in Sesa Goa, one of India’s largest producers of iron ore.
In 2007, the company also became listed on the New York Stock Exchange (NYSE).
In 2008, Vedanta bought certain of the assets of Asarco, a copper mining business.
In 2010, it acquired an Anglo-American portfolio of Zinc assets in South Africa, Namibia, and Ireland.
In 2011, Vedanta acquired a controlling stake in Cairn India, one of India’s largest private-sector Oil and gas companies.
In 2013, Sterlite Industries merged with Sesa Goa, and the consolidated group was then called Sesa Sterlite Ltd. (now Vedanta Limited).
In 2018, Vedanta acquired Electrosteel Steels, a steel producer.
With over 65,000 employees and operations in India, Africa, and Australia, Vedanta Resources Limited is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.vedantaresources.com.
**Video published on YouTube by “Vedanta Group“
