Vedanta Resources
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 and oil and gas operations in three countries. Its main products are Zinc, Lead, Silver, Oil & Gas, Iron Ore, Steel, Aluminium and Power. It has also developed commercial power stations in India in Odisha (2,400 MW) and Punjab (1,980 MW).
| Formerly | Angelchange Limited |
|---|---|
| Company type | Private limited company |
| ISIN | INE205A01025 |
| Industry | Mining |
| Founded | 22 April 2003 as Angelchange Limited |
| Founder | Anil Agarwal |
| Headquarters | London, United Kingdom |
Area served | Worldwide |
Key people |
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| Products | Copper, Aluminum, Zinc, Lead, Gold, Iron ore, Pig iron, Metallurgical Coke and Oil and gas exploration, Power |
| Revenue | US$18.141 billion (2023) |
| US$3.018 billion (2023) | |
| US$838 million (2023) | |
| Total assets | US$23.430 billion (2023) |
| Total equity | US$−872 million (2023) |
| Owner | Anil Agarwal |
Number of employees | 20,447 (2020) |
| Subsidiaries | |
| Website | www |
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. Vedanta limited (formerly Sesa Goa / Sterlite) is one of the many Indian subsidiaries of Vedanta resources and operates iron ore mines in Goa.
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.