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).

Vedanta Resources Limited
FormerlyAngelchange Limited
Company typePrivate limited company
ISININE205A01025
IndustryMining
Founded22 April 2003 (2003-04-22) as Angelchange Limited
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
RevenueUS$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)
OwnerAnil Agarwal
Number of employees
20,447 (2020)
Subsidiaries
Websitewww.vedantaresources.com

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.

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