Sesa Sterlite
| Public Limited | |
| Traded as | : : SESAGOA : SSLT BSE SENSEX Constituent |
| Industry | Mining |
| Founded | 1954 |
| Headquarters | New Delhi - India |
|
Key people
|
Anil Agarwal (Chairman Emeritus) Navin Agarwal (Chairman) Tom Albanese (Chief Executive Officer) D.D. Jalan (CFO) |
| Products | Zinc, Lead Oil and Gas, Iron ore, Aluminium, Copper, Gold and Silver |
| Revenue |
 ₹639.31 billion (US$9.9 billion) (2016) |
|
₹158.29 billion (US$2.5 billion) (2016) |
|
|
Number of employees
|
Approx. 64565 (2016) |
| Website | www |
Vedanta Limited, formerly known as Sesa Sterlite/Sesa Goa Limited, a Vedanta Group company is one of the world's largest global diversified natural resource majors, with operations across zinc-lead-silver, oil & gas, iron ore, copper, aluminium and commercial power.
For more than five decades, it has been engaged in exploration, mining and processing of iron ore. The company was founded in 1954, as Scambi Economici SA Goa. Since then, it has grown to be one among the top low-cost producers of iron ore in the world. During 1991–1995, it diversified into the manufacture of pig iron and metallurgical coke. It has also developed indigenous and environment-friendly technology for producing high quality metallurgical coke.
In 2007, it became a majority-owned subsidiary of Vedanta Resources Plc, listed on the , when Vedanta acquired 51% controlling stake from Mitsui & Co., Ltd. In June 2009, Sesa Goa Limited acquired VS Dempo & Co. Private Limited (now Sesa Resources Limited) along with its fully owned subsidiary Dempo Mining Corporation (now Vedanta Limited) and 50% equity in Goa Maritime Private Limited. In 2010, Vedanta acquired the zinc assets of British miner Anglo American plc.
In 2011 Vedanta Resources bought 58.5% controlling stake in Cairn India, India's largest private sector oil & gas company. In 2015, Sterlite Industries and Sesa Goa announced their merger and finally merged into a single entity in August, 2015. In 2015, Sesa Sterlite changed its name to Vedanta Limited. On April 11, 2017, Cairn India merged with Vedanta Limited to consolidate its position as one of the largest diversified natural resources companies in the world.
Vedanta Limited’s operations are based predominantly in Goa, Odisha, Rajasthan, Chhattisgarh, Tamil Nadu, Karnataka, Punjab Gujarat and Andhra Pradesh, while offices are based across various locations in India.
Scambi Economici Societa Anonyma (SESA), owned by Baron Ludovic Toeplitz, with the financial backing of Alessandro Vassalo, obtained the Orasso Dongor mining lease in Sirsaim, Goa in 1954 and Sesa Goa Limitada was formed. It was bought over in 1955, with equal shareholding, by Gewerkeshaft Exploration e Bergbau and Ferromin S.p.A., a subsidiary of Finsider S.p.A. (of IRI group), which eventually acquired the other half stake in 1963.
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