Vedanta Ltd. is an Indian multinational metals and mining corporation headquartered in Mumbai, India. The company operates in aluminium, copper, iron ore, zinc and lead mines across India; it also owns smelters and refineries. In addition to these operations, it has oil and gas fields offshore India's east coast. It was formerly known as Sesa Sterlite Limited (Sesa) when its name was changed to reflect its diversified portfolio of businesses in mining and minerals. The company is listed on both BSE and NSE stock exchanges.
Business Verticals
Vedanta Limited’s (Vedanta) segments include Oil and Gas, Coking Coal, Iron Ore, Aluminium (including Bauxite), Zinc and its byproducts, Gold, Power (including Solar), Copper Mines, Engineering and Agri-Business. It also has a non-metallic products business unit consisting mainly of fluorochemicals and industrial chemicals. Its subsidiary companies are engaged in mining and minerals, oil & gas exploration & production, power generation and transmission, aluminium smelting and casting, copper smelting and refining, and engineering projects execution through joint ventures with major global players.
Milestones
1965 - Sesa Goa Ltd was established.
1979 - Sesa Goa Pvt Ltd was formed by merging Sesa Goa and Mingoa, both fully owned by Finsider SpA.
1981 - The company went public.
1984 - Established a barge construction unit in Sirsaim.
1993 - ILA International increased its stake in the company to 51 per cent.
1994 - Started up their second blast furnace in July.
1995 - With the acquisition of the Transhipper MV Orissa in January, the company established Sesa Shipping. They put 84 coke ovens into service in April.
1997 - Sesa Kembla became a wholly-owned subsidiary of the company.
1999 - The company began mining operations in Barbil.
2001 - The company opened a new process plant for their mining operations in Orissa.
2002 - They were the first of their kind to receive OHSAS 18001 certification.
2003 - The company increased its equity stake in Sesa Industries to 88.25 per cent.
2004 - The company Shipbuilding Division built their 62nd vessel, a 2200T barge, for their fleet.
2007 - Mitsui & Co Ltd, a diversified metals and mining group listed on the London Stock Exchange, sold a 51 per cent controlling stake in the company to Vedanta Resources PLC.
2013 - Following approval by the Registrar of Companies Goa on September 18, Sesa Goa Limited announced a name change to Sesa Sterlite Limited.
2015 - On April 22, Sesa Sterlite announced a name change to Vedanta Limited.