Corporate Of the Day: Vedanta Resources

Vedanta Resources

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 Tasmania, Australia. Vedanta's subsidiary Sterlite Industries is one of India's largest mining company[1] while Konkola Copper Mines is the largest mining company in Zambia.[2]. 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,[3] and the FTSE 100 Index in June 2006.[4]

More @ http://en.wikipedia.org/wiki/Vedanta_Resources



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