Vedanta  Company Profile

Vedanta  Company Profile


  • Posted by  FreshersWorld 
    7 Jan, 2012

      Vedanta Company Profile

    Vedenta Resources, metallurgy in IndiaVedenta Resources is a holding with companies specialized in the extraction of minerals and the production of metals for the vast Indian market. The companies Balco and Malco operate bauxite mines, which they transform into alumina and aluminium. Balco and Malco boast 21% of the Indian market. As regards the company Sterlite, they own copper mines and smelting works. This company have a 42% interest in the Indian market. Finally HZ1 extracts zinc and lead and represent 75% of the Indian market

    Vedanta Resources plc was listed in London in December 2003.  We are a diversified and integrated FTSE 250 metals and mining group with annual sales of $1.9bn.  Our principal operations are located in India, where we have a major market share in each of our main metals: aluminium, copper,  zinc and lead.  There are also substantial copper operations in Zambia and a copper mine in Australia.

    Vedanta has a strong track record in managing operations and improving costs and output.  Our Indian zinc and copper operations rank in the top quartile of global cost efficiency. 

    In addition to the existing operations, Vedanta has extensive expansion projects across each of our metals.  Several major projects announced last year are now being implemented. With an investment spending of $3.1bn, half of which has already been completed.

    At the time of listing, Vedanta set out a carefully structured strategy, to which the board and management remain committed.

    As one of the largest metals and mining groups in India and with mines in Australia and Zambia, the Group is committed to managing its business in a socially responsible manner. The management of environmental, employee, health and safety and community issues in respect of our operations is central to the success of our business.

    The key areas that Vedanta addresses are:
    Environment
    The company aims to reduce the impact of its activites on the environment wherever feasible. The majority of our sites are certified to the international environmental management systems standard ISO 14001. This includes the requirement that environmental  impacts are identified and that there are ongoing programmes for improvement accross key impact areas.

    Health & Safety
    We are proud of the fact that we have won numerous safety awards. In March 2002 Sterlite's copper smelter at Tuticorin received the British Safety Council five star award, the first copper smelter in the world to achieve such a rating. In September 2003 the National Safety Award was presented to HZL's Debari zinc smelter by the Indian Ministry of Labour for outstanding performance in industrial safety.

    Employees
    We have a business ethics policy, employee training, are improving equal opportunities through a change management programme as well as offer support to employees' families through the provision of housing, schools, medical and recreational facilities.

    Market Place(s) : London
    Number Of Shares : 285,406,000
    Sector: Metallurgy
    Industry: Mines, Metals
    Sub-Industry:                    Miscellaneous (Mines, Metals)

    Number of employees: 

    24,679 ( 31/03/2007 )                 22,703 ( 31/03/2006 )

      

    KEY FIGURES

    Year 2007 2006 2005 2004 2003
    Net Operating revenues* 6,502.2 3,701.8 1,884.2 1,289.5 963.1
    Net Profit* 1,811.7 654.3 120 66.5 24.5
    * in million(s) of Pound

    Address:

    Head Office

    Vedanta Resources plc

    16 Berkeley Street

    London, United Kingdom

    W1J 8DZ

    Vedanta House
    75, Nehru Road
    Vile Parle (East)
    Mumbai, India
    400099

    For more details please visit www.vedantaresources.com

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