- Vedanta Resources
Infobox Company
company_name = Vedanta Resources Plc.
company_
company_type = Public (lse|VED)
foundation = 1976,Mumbai ,India
location =London ,England , UK
key_people = flagicon|IND Anil Agarwal, Executive Chairman
flagicon|IND Navin Agarwal, Deputy Executive Chairman
industry =Mining and Resources
products =Copper ,Aluminium ,Zinc ,Lead andGold
revenue = $6,502 million (2007 )
operating_income = $2,506 million (2007 )
net_income = $1,812 million (2007 )
num_employees = 24,679 (2007 )
parent =
subsid =
homepage = [http://www.vedantaresources.com www.vedantaresources.com]
footnotes =Vedanta Resources plc (lse|VED) is a diversified and integrated metals and
mining group headquartered inLondon ,England . Vedanta was first listed on theLondon Stock Exchange in December 2003 [ [http://www.londonstockexchange.com/en-gb/about/Newsroom/Media+Resources/Welcome+Stories/2003/10-12-2003.htm "Welcome to Vedanta Resources"] . "Press Release".London Stock Exchange .December 10 2003 (URL retrievedSeptember 21 2006 ).] and became a constituent of theFTSE 100 Index in June 2006. [ [http://news.bbc.co.uk/2/hi/business/5054520.stm "More mining firms join FTSE 100"] ,BBC News ,June 8 2006 (URL retrievedSeptember 21 2006 ).]History
The business was founded by Anil Agarwal [Freedman, Michael. [http://www.forbes.com/free_forbes/2004/0315/106.html "All Mine: Anil Agarwal capitalized on India's economic liberation to make a $1 billion fortune"] .
Forbes .March 15 2004 (URL retrievedSeptember 21 2006 ).] in 1976 as "Sterlite Industries" operating in the industrial sector. [ [http://www.vedantaresources.com/boardseniormanagement.htm Vedanta Resources Senior Mananagement] ] "Vedanta Resources" was established in 1986 to bring together a variety of businesses owned by the Agarwal family including "Sterlite Industries". [http://www.vedantaresources.com/corporatehistory.htm Vedanta Resources History] ] "Vedanta Resources" was first listed on theBombay Stock Exchange in 1988 and on theLondon Stock Exchange in 2003. In 2004 it acquired a 51% stake inKonkola Copper Mines inZambia . [ [http://findarticles.com/p/articles/mi_hb5976/is_200410/ai_n24147226 Vedanta Resources buys Zambia's largest copper producer] ]Operations
The Company's principal operations are located in
India , with a major market share in the metals:aluminium ,copper ,zinc andlead . There are also substantialcopper operations inZambia andTasmania ,Australia . Vedanta's subsidiary Sterlite Industries is one of India's largest mining companies [ [http://www.minesandcommunities.org/Action/press693.htm Vedanta: UK Company Accused of Multiple Violations ] ] whileKonkola Copper Mines is the largest mining company inZambia . [ [http://www.iloveindia.com/economy-of-india/top-50-companies/sterlite-industries.html Sterlite Industries India - Vedanta Group Profile - Sterlite Industries History ] ]Other subsidiary companies owned by Vedanta Resources include Hindustan Zinc Limited,
Bharat Aluminium Company and Madras Aluminium Company. Vedanta Resources also has a major stake iniron ore exporter,Sesa Goa .Criticism
Vedanta has come under attack from human rights and activist groups due to their operations in Niyamgiri Hills in
Orissa , India that are said to threaten the lives of theDongria Kondh that populate this region [http://www.survival-international.org/tribes/dongria] . Many villagers have been displaced in order to accommodate Vedanta’sbauxite refinery and as a result have lost their livelihoods and the ability to live self-sufficiently. India'sSupreme Court has banned the company from mining operations in the mountains but accepted an application from Vedanta’s Indian subsidiary,Sterlite to carry out such activities.References
External links
* [http://www.vedantaresources.com/default.htm Official website of Vedanta Resources]
* [http://www.londonstockexchange.com/en-gb/pricesnews/prices/System/DetailedPrices.htm?ti=VED London Stock Exchange company listing] 88
* [http://www.survival-international.org/home Survival International]
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