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Vedanta Resources
From Wikipedia, the free encyclopedia
| Vedanta Resources Plc. | |
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| Type | Public (LSE: VED) |
|---|---|
| Founded | 1976, Mumbai, India |
| Headquarters |  London, England, Great Britain |
| Key people |  Anil Agarwal, Executive Chairman Navin Agarwal, Deputy Executive Chairman |
| Industry | Mining and Resources |
| Products | Copper |
| Revenue | $3,701.8 million (2006) |
| Operating income | $943.8 million (2006) |
| Net income | $654.3 million (2006) |
| Employees | 22,703 (2006) |
| Website | www.vedantaresources.com |
Vedanta Resources plc (LSE: 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 two copper mines in Australia.
Vedanta's Indian zinc and copper operations rank in the top quartile of global cost efficiency.[citation needed]
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.[citation needed]
Vedanta was listed on the London Stock Exchange in December 2003,[1] and the FTSE 100 Index in June 2006.[2]
Subsidiary companies owned by Vedanta Resources include Bharat Aluminium Company, Konkola Copper Mines, Sterlite Industries, and Madras Aluminium Company. The founder of Sterlite Industries and Vedanta Resources is the billionaire Anil Agarwal.[3]
- ^ "Welcome to Vedanta Resources". Press Release. London Stock Exchange. December 10, 2003 (URL retrieved September 21, 2006).
- ^ "More mining firms join FTSE 100", BBC News, June 8, 2006 (URL retrieved September 21, 2006).
- ^ Freedman, Michael. "All Mine: Anil Agarwal capitalized on India's economic liberation to make a $1 billion fortune". Forbes. March 15, 2004 (URL retrieved September 21, 2006).
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