Vedanta Resources

Vedanta Resources Limited
FormerlyAngelchange Limited
Company typePrivate limited company
ISININE205A01025
IndustryMining
Founded22 April 2003 (21 years ago) (2003-04-22) as Angelchange Limited [1]
FounderAnil Agarwal
HeadquartersLondon, United Kingdom
Area served
Worldwide
Key people
  • Anil Agarwal
    (Executive Chairman)
  • Navin Agarwal
    (Executive Vice Chairman)
  • Srinivasan Venkatakrishnan
    (CEO)
ProductsCopper, Aluminum, Zinc, Lead, Gold, Iron ore, Pig iron, Metallurgical Coke and Oil and gas exploration, Power
RevenueDecreaseUS$17.128 billion (2024)[2]
IncreaseUS$3.347 billion (2024)[2]
DecreaseUS$99 million (2024)[2]
Total assetsDecrease US$22.330 billion (2024)[2]
Total equityDecrease US$−848 million (2024)[2]
OwnerAnil Agarwal
Subsidiaries
[3]
Websitewww.vedantaresources.com

Vedanta Resources Limited is a diversified mining company headquartered in London, United Kingdom. It is the largest mining and non-ferrous metals company in India and has mining operations in Australia and Zambia[4] and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power.[4][5] It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW).[6]

The company with 20,000 employees is primarily owned by the family of Anil Agarwal through Volcan Investments, a holding vehicle with a 61.7% stake in the business.[7] Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.[8]

Vedanta was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until chairman, Anil Agarwal's offer to take the company private went unconditional in September 2018.

  1. ^ "VEDANTA RESOURCES LIMITED - Filing history (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 10 August 2020.
  2. ^ a b c d e "Preliminary Results 2023" (PDF). Vedanta Resources. Retrieved 19 June 2024.
  3. ^ "About Vedanta". ataglance.vedantaresources.com. Retrieved 10 August 2020.
  4. ^ a b "About Us". Vedanta Resources plc. Archived from the original on 16 May 2013. Retrieved 1 September 2010.
  5. ^ "What We Do". Vedanta Resources plc. Archived from the original on 9 February 2010. Retrieved 1 September 2010.
  6. ^ "Commercial Power Generation Business". Vedanta Resources plc. Retrieved 1 September 2010.
  7. ^ Elena Moya (6 September 2010). "Vedanta investors look into human rights issues in India". the Guardian. Retrieved 3 April 2015.
  8. ^ Vedanta's billions: regulatory failure, environment and human rights (PDF). Sussex: Foil Vedanta. 1 September 2018. Archived from the original (PDF) on 30 September 2018. Retrieved 30 September 2018.